Solving India's unemployment through industrial planning. - Page 69 |
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defense.5 in case of unsatisfactory progress of the
private sector, the government can help in this field. ;i
Thus private enterprize was to function, subject to over- j
all government regulation and control. The ownership and 1
\ t
right to exploit and develop mineral resources was vested
with the national government. There may be some industries
where the state may have to assist private enterprise
for public Interest. In case of mining and various
minerals, the control and administration lie with the
state. Basic capital goods producing Industries, heavy
machinery must be under the control, ownership, and
j management by the public. The basic objectives of the
| 1948 Besolution was greater production, I full employment, i
I and the equitable distribution of income. While forming j
j a detailed program for the basic, small-scale, village, j
and cottage industries, all of these aspects of the ■
policy were to be kept in the force.
II Ii 1 Future industrial policy. The new government's j
! industrial policy was announced on April 3°, 1956.^ I
previous policy declaration of 1948 had said that the
state must play a progressively active role in the
development of Industries in order to secure a continuous
^All-India Congress Committee Besolution, New Delhi, India, 1956, Besolution No. 91/CF/1948, p. 4-3.
6Ibld
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| Title | Solving India's unemployment through industrial planning. - Page 69 |
| Repository email | cisadmin@lib.usc.edu |
| Full text | defense.5 in case of unsatisfactory progress of the private sector, the government can help in this field. ;i Thus private enterprize was to function, subject to over- j all government regulation and control. The ownership and 1 \ t right to exploit and develop mineral resources was vested with the national government. There may be some industries where the state may have to assist private enterprise for public Interest. In case of mining and various minerals, the control and administration lie with the state. Basic capital goods producing Industries, heavy machinery must be under the control, ownership, and j management by the public. The basic objectives of the | 1948 Besolution was greater production, I full employment, i I and the equitable distribution of income. While forming j j a detailed program for the basic, small-scale, village, j and cottage industries, all of these aspects of the ■ policy were to be kept in the force. II Ii 1 Future industrial policy. The new government's j ! industrial policy was announced on April 3°, 1956.^ I previous policy declaration of 1948 had said that the state must play a progressively active role in the development of Industries in order to secure a continuous ^All-India Congress Committee Besolution, New Delhi, India, 1956, Besolution No. 91/CF/1948, p. 4-3. 6Ibld |
