Normal view MARC view ISBD view

Prasenjit Mukherjee

A Critical Analysis of the Disinvestment Process in India - Bangalore NLSIU 2008 - 402p

TABLE OF CONTENTS
CHAPTER I Introduction;
Recent trends;
Issues involved;
The Argument;
Hypothesis;
Methodology and Structure;
Research Methodology;
Sources;
Scope of the study ;
Chapter Scheme;
CHAPTER II Privatization: Concept, Rationale and Methods;
Introduction ;
Theoretical Background;
The Concept of Privatization;
The Rationale for Privatization;
Ideological;
Economic;
Managerial ;
Financial ;
Methodology and Mechanisms;
Divestiture;
Non-divestiture methods;
Privatization by Attrition ;
Consequences of Privatization ;
CHAPTER III Privatization in Developed Countries;
Introduction;
Background ;
Origin and development of the public sector ;
Performance of public enterprises ;
Objectives;
Process of Privatization;
Progress of privatization in UK;
Preparatory steps to privatization ;
Techniques of sale;
Criticism of the privatization process;
Pricing of shares;
Cost of sales;
Impacts of Privatization;
Efficiency and competition;
Effect on public finances;
Wider share ownership;
Impact on labour;
Assessment of the UK privatization programme;
CHAPTER IV Privatization in Developing Countries;
Introduction .
Background .
The Experience in Developing Countries;
The Experience with Public Enterprises ;
Reasons for creation of SOEs ;
Problems with SOEs;
Reasons for Privatization ;
Budgetary stress;
Problems with Privatization ;
Obstacles;
Pitfalls;
Ways of overcoming the problems ;
The integrated approach .
Minimum policy requirements for privatization
CHAPTER V Developments in India;
Introduction
The Policy of Centralized Planning .
The Industrial Policy Resolution of 1948
Developments from 1948 to 1956 .
The Industrial Policy Resolution of 1956
The Growth of the Public Sector in India
Strengths and inefficiencies of the Public Sector .
Reasons for public sector inefficiencies
The Policy of Controls and Regulations
Industrial Licensing .
Price and Distribution Controls .
Industrial location policies
Labour and Exit Policies .
Reasons for these controls
CHAPTER VI The Reform Process in India;
Introduction
The Economic Crisis
Reasons for the crisis
The Reform Process .
Reforms in Industrial Policy .
Industrial licensing
Public Sector .
The MR TP Act
Reforms in Trade and TaritT Policy
Reforms in Foreign Investment Policy .
Financial Sector Reforms;
Reforms in the banking sector;
Forex Markets reforms . ·
Reforms in other sectors of the financial sector .
Evaluation of the structural reforms;
Industrial deregulation ;
Trade liberalization ;
Foreign investment ;
Restructuring the public sector;
Financial sector reforms;
CHAPTER VII Disinvestment in India: The First Phase;
Introduction ;
Privatization in the Indian context ;
The Disinvestment Process;
Objectives for disinvestment process in India;
Sequence of the process of disinvestment;
Phase I - The Initial years ;
Disinvestment in 1991-92 ;
Criticism of the methodology adopted in 1991-92 ;
Disinvestment in 1992-93 ;
Disinvestment in 1993-94 ;
Disinvestment in 1994-95 ;
Disinvestment in 1995-96 ;
Techniques for valuation of shares ;
Disinvestment and public sector reform .;
CHAPTER VIII Disinvestment in India: Later Developments ;
Introduction ;
Phase II - 1996-97 to 1997-98 ;
Recommendations of the Disinvestment Commission;;
Review of the Disinvestment Commission's recommendations;
Disinvestment in 1996-97;
Disinvestment in 1997-98;
Phase III - 1998-99 till date;
Disinvestment in 1998-99 ;
Disinvestment in 1999-2000 ;
Disinvestment in 2000-2001 ;
Disinvestment in 2001-2002 ;
Disinvestment in 2002-2003 ;
Disinvestment in 2003-2004 ;
Disinvestment in 2004-2005 ;
Disinvestment during 2005-2006 ;
Position of disinvestment from 1991-92 till 2007-2008;
Strategic sales;
Valuation of enterprises;
Findings of the Comptroller and Auditor General of India;
CHAPTER IX Disinvestment in India: An Assessment;
Introduction;
Assessment of Disinvestment in India;
Efficacy of the disinvestment process;
The Future of Privatization in India;
CHAPTER X Disinvestment in India: Other Issues;
Introduction;
Legal Issues in Privatization;
Constitutional Requirements ;
The Indian Experience
Constitutional provisions ;
Implications for PSEs ;
Effect of disinvestment related court judgement ;
Labour Issues ;
The Indian experience ;
Labour implications of the BALCD judgement
CHAPTER XI;
Conclusions;
Recommendations;
REFERENCES & SELECT BIBLIOGRAPHY.


Disinvestment - India Privatization - Developed Countries Privatization - Developing Countries