Articles by V D Lall

It is good that the Finance Minister has not succumbed to the lobbies which were advocating an income-tax assessees and for a reduction in the corporate tax rate and some additional concessions for replacement of capital assets.

in Maharashtra III

Private limited companies are numerically the more important segment of the private corporate sector, but studies on their various aspects are few and even these are neither representative nor adequate. The Reserve Bank of India's studies on finances of private limited companies, for example, are restricted to the relatively large and generally better off companies, even though the bulk of private limited com- panics are small and do not do welt.

Who Are the Top Men?
V D Lall Talking of Management, Administrative Staff College of India, Hyderabad ; Asia, Bombay, 1967, pp 133, Rs 12.50.
THE importance of proper teaching of management techniques in India has by now been fully recognised. This collection of talks given at the Administrative Staff College by seven leading executives of Indian companies, mainly foreign-controlled (sic!), besides an ex- administrator and a veteran trade unionist, are a valuable addition to the increasing collection of literature on management. The great value of these talks on management is that they are based on the individual experiences of the speakers. In this respect, therefore, they are more useful than the usual text-book treatment, both to newer incumbents in the field and to those who, while in it, are not yet 'at the top'. Further, the book should be interesting not only to the specialist but also to the layman.

V D Lall This paper attempts to show, on the basis of a study of a sample of 257 manufacturing companies in the private sector, that companies have not borne any of the increase in direct taxes during the twenty years, 1946 to 1965. In spite of the increase in taxation, they have been able to not only maintain but actually increase their profitability. In other words, they have succeeded in shifting the additional tax liability more than cent per cent.