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

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INDUSTRY-Much to Hide

INDUSTRY Much to Hide (By a Special Correspondent) THE annual report of the Ministry of Industry for 1978-79 is a noteworthy document more for what it conceals than for what it reveals. Over the years, the Industry Ministry's annual reports had tended to grow in size, which was perhaps justified considering the ministry's expanding role in regulating and promoting industrial growth. As the latest report claims, "The Ministry of Industry, apart from being responsible for the development of certain specific industries, is also the nodal ministry for co-ordinating government's policy for development of the industrial sector (i e, steel, mines, petrochemicals, fertilisers, etc) as a whole". The ministry administers the Industrial (Development and Regulation) Act, 1951 and the entire system of industrial approvals pertaining to industrial licensing, foreign collaboration and import of capital goods. It has also a major role in the processing of FERA cases. It has under its control such important technical and advisory bodies as the Directorate General of Technical Development, the Bureau of Industrial Costs and Prices, and the Economic Adviser's office. The Ministry has under its charge the bulk of public sector undertakings, as many as 35, covering a wide range of industries

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