Thesis sick ssi
Remedies of industrial sickness
And this position also remain same in the next decades. This can be possible if the entrepreneur does his job properly while preparing his project work, if he understands and pays adequate attention to the deficiencies pointed out by the aspiring officials of the banks and other financial institutions, if he selects the required capital goods carefully, if he appoints only the efficient and required number of worker in time, if he implements his project within his estimated cost and as per time schedule. This arises due to shortage of raw material , shortage of power, fuel and high prices, import-export restrictions. Abstract Cite This Article as Corresponding Author The small Scale Industrial sector is one of the most vital sectors of the Indian economy in terms of employment generation, the strong entrepreneurial base it helps to create and its share in production. The real or root causes have not been identified and corrective measures have been not taken on the basis of causes. An elaborate questionnaire was prepared for administering among the entrepreneurs. It had also been ensured to give equal representation to different types of industries and only those sick units earlier registered with Industries Department as an SSI have been selected for the study. But it has not served it purposes, started turning sick increasing numbers. Dave in her Ph. It is, however, not a very recent phenomenon and certainly not peculiar only to India. Delayed in payment of bills by the govt. External causes for sickness[ edit ] a Personnel Constraint: The first for most important reason for the sickness of small scale industries are non availability of skilled labour or manpower wages disparity in similar industry and general labour invested in the area. Table No. An effort was made in their book, to meet the requirements of Indian industries in managing and monitoring the industrial sickness. Mathur made an attempt to identify the major causes of sickness in the small scale industries along with the 1 Page Excel Journal of Engineering Technology and Management Science An International Multidisciplinary Journal Vol.
In India, The rapid growth and magnitude to industrial sickness is a serious issue not only for present time but also for all time to come during the next century.
Meaning for companies[ edit ] According to Companies Second Amendment Act, "'Sick Industrial Company' means an industrial company which has i The Accumulated losses in any financial year equal to 50 per cent or more of its average net worth during four years immediately preceding such financial year; or ii Failed to repay its debts within any three consecutive quarters on demand made in writing for its repayment by a creditor or creditors of such company.
But its recent growth and magnitude, recently, is so rapid that it has assumed unmanageable proportions in India in general and in Aurangabad in particular.
Causes of industrial sickness
Otherwise, the same disease is definitely bound to spread to the whole industrial sector. Then they can train the rest of management and can teach the workers themselves about the best way to carry out their jobs with minimum threats to their health. Bidani and P. Delay in detecting early symptoms of sickness This arises due to shortage of raw material , shortage of power, fuel and high prices, import-export restrictions. Likewise on the other hand the number of sick small scale units were also increased 1. Even as coal miners face overpowering respiratory threats, and foundry and mill workers have to confront major physical threats from large heavy quantities of extremely hot materials, each facet of industrial production has its hot-button health issues. With an ever increasing population of the state and less scope for getting jobs in public sector, these small scale industries are the only hope of providing a source of livelihood to the local populace. Nalini V. This arises due to credit restrains policy, delay in disbursement of loan by govt. The capital to labor ratio in the small sector is around one fourth that large scale sector. But, as can be seen from Table 2, Small scale sectors thus become tool of equitable wealth distribution throughout the state. Table 4 shows that maximum of the sampled units
The various tax relief and subsidies it provides its ownership or control of the institutions that finances organisations, its enterprises related policies stemming from its overriding concern with industrial development, etc. Given the increasing insurgency problems in the state, outside entrepreneurs innovative entrepreneurs are hesitant to come to the insurgency stricken state for establishing their industrial units.
Even as coal miners face overpowering respiratory threats, and foundry and mill workers have to confront major physical threats from large heavy quantities of extremely hot materials, each facet of industrial production has its hot-button health issues.
New units come up through appropriate policies, tax incentives, subsidies, infrastructural facilities, etc. Table No.
The bank amount which was outstanding in case of large industries for the same period also increased from Rs. The internal factors may affect the particular unit only and this factors mostly affects are within control of management. In the case of Manipur, recent development has shown that trade has become inextricably linked with the development process.
The Government can play a crucial role by ensuring adequate supply of power, transport and raw materials and taking care that its policies formulated to achieve certain social objectives do not affect the industrial units.
It should be the joint efforts of accountants, engineers, marketing personnel and production people to avoid sickness and even if so happens, for revival of sick units. The policies of financial and infrastructural support provided or withheld by the government is a determinant of health and sickness of many an industrial unit.
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