Banking and working capital finance/ edited by L .C. Gupta

The set of papers presented in this volume can be claimed, on the basis of the credentials of the contributors, as representing the most authoritative explanation of, and comment on the Report of the Tandon Study Group and related issues. The authors are men of high professional standing, such as Reserve Bank officials, practising bankers, financial controllers, and managers and economists. Most of them have personal knowledge of the problems under discussion and their contributions represent, in a sense, a distillation of their own practical experience.

The papers were originally presented at the All-India Con ference on Control of Working Capital held at the Xavier Labour Relations Institute, Jamshedpur in 1976. They were subsequently revised and integrated for the purpose of this volume, specially to eliminate overlap among them and render them complementary. In this, the editor had the benefit of advice from two outside experts who had reviewed the papers on behalf of the Indian Council of Social Science Research and the publishers respectively.

The range of subjects covered by the papers is indicated by the five Technical Sessions into which the deliberations of the Conference were divided:

Chairman

Study Group's Shri R. Monani, ITC Limited

(1) The Tandon Report

(2) Credit Planning

Prof. Sampat P. Singh, National Institute of Bank

(3) The Bill Market Scheme

Management Shri U.K. Sarma, Reserve Bank of India Shri P.C. Basu, Indian Oxygen

(4) Information System for Working Capital Control Limited

and

(5) Inflation and Capital Control

Working Shri Arabinda Ray, Guest, Keen and Williams Limited [now Managing Director, James Warren & Co., (India) Ltd.]
This volume has been possible only because of the pains taken and the cooperation offered by the various contributors and we are thankful to them. We are grateful to the chairmen of the various Technical Sessions, mentioned earlier, for guiding the discussions and providing valuable inputs to the discus sions. Unfortunately, it has not been possible to include in this volume a summary of the discussions because of constraints of time and money. Dr. S. Chakravarty and Shri Prakash Tandon deserve our special thanks for their support and contribution.