ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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NEW DELHI-Debt Relief for Public Sector

NEW DELHI Debt Relief for Public Sector THE suggestion in the budget for 1972-73 that there will be an improvement in the contribution of public sector enterprises to Plan resources is to a degree fictitious. Much of the improvement is to come about through an accounting trick rather than as a result of any real improvement in the performance or profitability of these enterprises. The device is simply to increase the proportion of these enterprises' equity compared to their borrowings from the government.

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