• DR. RAMA NAG (DE)

Abstract: Sickness in Industry in our country has existed along with healthy industrial enterprise. In 1985 the Sick Industrial Companies (Special Provision) Act 1985, was enacted, where interested companies were invited to takeover, lease or amalgamate the sick company into itself. Then in 1993, the public sector companies were brought under the purview of BIFR. Some common problems faced/ being faced by sick and loss-making PSEs include old and obsolete plant and machinery, outdated technology, resource crunch, low capacity utilization, low productivity, excess manpower, heavy interest burden, etc. Therefore, attempts have been made to overcome this problem through various policy initiatives or otherwise from time to time. The PSEs were brought under the purview of Sick Industrial Companies (Special Provision) Act, 1985 (SICA) which was amended in 1991 and made effective from 1992. The Budget Speeches, the Industrial Policy Statements/Resolutions and other documents have addressed this problem and made policy announcements from time to time.

Keywords: Sickness, PSEs, SICA., Policy, Budget

"Sickness and Revival of State Level Public Enterprises in West Bengal", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.55-62, June 2019, Available :http://www.jetir.org/papers/JETIR1907606.pdf

"Sickness and Revival of State Level Public Enterprises in West Bengal", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp55-62, June 2019, Available at : http://www.jetir.org/papers/JETIR1907606.pdf