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  An Alternative Approach To Capital Productivity & Resource Allocation On Indian Railways
 

An Alternative Approach To Capital Productivity & Resource Allocation On Indian Railways

by Edited By K. B. Verma

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  ....Verma knows his subject well. He drives home very congently the central thesis of the book that the traditional investment decision making procedure under which the Railway Board annually examines the investment proposale of the nine zonal railways and then allocates available founds for selected proposals, is outdated and inppropriate for today. In this well documented presentation, Verma mainly analyses the coneptual relevance of capital output ratio ( COR ) as a measure of capital productivity on IR.... ....Verma deserves IR`s apperciation for so ably intiating the debate.... Now it is for the Railway board to see that this study is carried forward so that IR`s capital resources, which were always scarce but are now two to three times as costly, are invested optimally. And this must be done soon before the debt traps overtake IR`s proverbial solvency. ISBN: 81-7188-110-6
 


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