Joint sector and financial management
Abstract
The concept of joint sector appears have found wide-ranging acceptance after it was put forward by the industrial licensing policy inquiry committee, popularly known as the Dutt Committee, in a969, in the context of the large financial support extended by public financial institutions to private business, particularly the larger houses. “The joint sector would, in our view, include units in which both public and private investment has taken place and where the state takes an active part in direction and control”.
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