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The book examines three important research questions against the backdrop of increasing private sector participation in the Indian mining industry. The questions are: i) are private sector mining firms more productive than public sector mining firms? ii) do public sector mining firms comply with environmental regulations better than their private counterparts? and iii) do public sector mining firms perform better in social compliance than the private mining firms? Using firm level data from 1988–89 to 2005–06, the author finds that Total Factor Productivity (TFP) levels of private mining firms are significantly higher than those of public sector firms in three sectors – metallic, non-metallic and coal. In the petroleum sector, private sector firms outperformed the public sector firms in the initial years, while later on, the productivity of public sector firms exceeded that of private firms in a few years. The book examines the environmental performance of public and private mining firms in the context of Indian chromite mining industry using four indicators: namely, overburden management, air pollution, the quality of mine drainage water after treatment, and the quality of ground water. The author constructs a multidimensional environmental defiance index for comparing the aggregate environmental performance across ownership groups and does not find significant differences between the environmental performance of public and private mining firms. Both public and private mining firms have failed to comply with the environmental regulations. The author compares the social compliance of public- and private-sector mining firms by conducting a survey of households who have surrendered their land to the mining firms. It is found that the majority of households were dissatisfied with the compensation paid by both public and private sector mining firms. Furthermore, it is observed that there is no significant difference between the compensations provided by the public and private sector mining firms.
This book assesses the performance of Indian industries from the perspectives of trade, investment, policy, and development incentives. It evaluates the relevance and the macro- and microeconomic impact of industrial policy on growth in different sectors of industry. The book examines India’s key policy initiatives and economic and institutional plans through many decades and examines their short and long-term effects on industrial environment and performance. It measures India’s strategic policies and efforts to promote industrialization against similar initiatives in countries like Germany, Japan, South Korea, and Taiwan. The volume also contextualizes the performance of different sectors of industry such as automobiles, electronics and information technology, and pharmaceuticals, among others, within the larger framework of global economic scenario and competition. This book will be of great interest to researchers and students of economics, political economy, industrial development and policy, and South Asia studies.
Social science research is emerging on a range of issues around large and small-scale mining, connecting them to broader social, cultural, political, historical and economic factors rather than purely measuring the environmental impacts of mining. Within this broader context of global scholarly attention on extractive industries, this book explores two specific contexts: the cultural politics of coal and coal mining, within the context of one particular country, India, which is the third largest coal producer in the world. Both contexts are special; with its separate Ministry, coal occupies pride of place in contemporary India, shaping the energy future and influencing the economic and political milieu of the country. The supremacy attributed to coal mining in contemporary India represents how ’coal nationalism’ has replaced ’coal colonialism’ in the country, turning this commodity into an icon, a national symbol. In recent years the extraction of coal in forest-covered resource peripheries has dispossessed and pauperised many tribal and rural communities who have used these resource-rich lands for their livelihoods for generations. The combustion of coal to produce electricity constitutes the compelling need, and the factor that prevents the Indian state from fully engaging with the impending realities of a climate-changed future. All these reasons make the timing of this book of crucial importance. In particular, The Coal Nation explores the complex history of coal in India; from its colonial legacies to contemporary cultural and social impacts of mining; land ownership and moral resource rights; protective legislation for coal as well as for the indigenous and local communities; the question of legality, illegitimacy and illicit mining and of social justice. Presenting cutting-edge multidisciplinary social science research on coal and mining in India, The Coal Nation initiates a productive dialogue amongst academics and between them and activists.
The Equal Pillars of Sustainability investigates whether equality between environmental protection, social sustainability, and economic sustainability can be achieved in all circumstances or what alternatives need to be considered via the latest research on topical issues by international experts.
The dramatic price falls of 2014–2015 marked the end of the most powerful and enduring commodity boom since the Second World War. Now in its third edition, this book acts as a guide to the ins and outs of the primary commodity universe. Updates to this edition reflect on the consequences of both China's economic slowdown as its industrialization enters a new, less commodity demanding phase, and changes in the USA's trade policy under the Trump administration. Additionally, this edition takes into account recent developments in world oil markets and examines the effects of increased climate concerns. The authors introduce and explain pertinent issues surrounding international commodity markets such as the global geography of raw materials, price formation, price trends, the role of commodity exchanges, the threat of depletion, cartel action, state ownership, emerging commodity nationalism and more.
Massive private investment that complements public investment is needed to close the demand-supply gap and make reliable power available to all Indians. Government efforts have sought to attract private sector funding and management efficiency throughout the electricity value chain, adapting its strategy over time.
This book analyzes state-owned enterprises (SOEs), which are still significant players in many Asian economies. They provide essential public services, build and operate key infrastructure, and are often reservoirs of public employment. Their characteristics and inherent competitive advantages as publicly owned enterprises allow them to play these critical roles. Their weaknesses in governance and inefficiencies in incentive structures, however, also often lead to poor performance. SOEs must be efficient, transparent, and accountable to level the playing field for private companies, secure the growth of a vibrant private sector, and achieve sustained and inclusive economic growth. This book analyzes the reform of SOEs in Asia, the results of which are mixed. The volume concludes that some key conditions generally need to be met for SOE reforms to be successful: national bureaucracies must have the capacity to implement the reforms, and adverse impacts on international trade and investment must be avoided.