• Dr. MAHESH KUMAR JHA

Public sector in India has expanded rapidly after independence, but the knowledge of public Enterprise in India is as old as the knowledge about political democracy. Even in Vedic times, the Institution of state existed and it function as a properly organised institution. The king, when crowned, was administered an oath, “I will see to the growth of the country as God myself”. The great Epic of Mahabharata provides the severe sanctions against a king who fails to guard the Welfare of his people. The idea of welfare state was practiced with such thoroughness and perfection as to make Prof. K T Shah observe that “welfare state” of today has a very little to teach to its ancient prototype: and perhaps a great deal to learn. Defence and provision for infrastructure where Prime obligation of the state in ancient times. About half of the total revenue of the state was used to be spent on defence. Items of Expenditure other than defence were the construction and maintenance of roads, bridges, temples schools, hospitals, irrigation works the maintenance of police, Judiciary, forests, mints, granaries and Gowshalas.

PUBLIC ENTERPRISES IN ANCIENT AND MEDIEVAL INDIA

"PUBLIC ENTERPRISES IN ANCIENT AND MEDIEVAL INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 1, page no.1870-1871, January 2019, Available :http://www.jetir.org/papers/JETIR1901D67.pdf

"PUBLIC ENTERPRISES IN ANCIENT AND MEDIEVAL INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 1, page no. pp1870-1871, January 2019, Available at : http://www.jetir.org/papers/JETIR1901D67.pdf