ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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No Substitute for Efficiency

its poor perform an etby reference to the fact that its operations are concentrated in heavy industries with a long gestation period. A total public sector in- vestment of Rs 3,300 crores is accounted for by 83 public sector companies which means an average of Rs 40 crores of investment per project. Even excluding Hindustan Steel, the average Workers a sizeable interim wage rise of Rs 33 per month, Inter-origanisa- tional contracts at the national level are also greater and more purposeful today, as indicated by the appointment of a high-level three-member committee by INTUC to explore the possibility of greater understanding with HMS and the periodic consultations between AITUC and HMS. The split in AITUC coming at this juncture must seriously set back this process. Dangers report to the Guntur session suggests that he is himself not unaware of this. How- ever, the session does not seem to have given serious thought to the strategy for avoiding this setback.

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