Profits and Investment in Coal Industry-A Comment

through the fiscal machinery was considered better by some participants.
ROLE OF PUBLIC OWNERSHIP The paper on the role of public ownership as an instrument of income distribution noted that the public sector policy of providing model housing and other amenities to its workers or that of limiting the salaries of top executives had not had any real impact on the much larger ptt- vate sector. In many cases the benefits of the public sector did not flow to those who deserve them most, and, since in general the public sector undertakings had a low rate of profit, the problem of small surplus and consequently slow growth would lead to bleak prospects for the poor in future as well.