Reasons for Losses and Sickness in CPSEs Sample Clauses

Reasons for Losses and Sickness in CPSEs. The reason for losses and sickness in CPSEs varies from enterprise to enterprise. In some cases, the cause of sickness is historical; textile companies which were taken over from the private sector on soico-economic considerations like protecting employment of workers in early seventies could not face competition with private sector. British India Corporation, Bird Jute & Exports and National Textile Corporation (NTC) belonged to this group. Besides these (textile) companies, there have been other enterprises that were taken over from the private sector. These include engineering and refractory enterprises like Bharat Wagons & Engineering, Burn Standard, Braithwaith& Co., Richardsan and Crudass Ltd; pharmaceutical companies like Bengal Chemicals & Pharmaceuticals Ltd., transportation / shipping companies like Central Inland Water Transport Corporation anmd Hooghly Dock & Port Engineering Ltd. and consumer goods companies like Tyre Corporation of India and Hooghly Printing Co. Ltd. The other group of sick companies (other than those taken over) are green-field companies. These became sick over the years on account of unviability due to high man power cost and lack of effective management on fiancé, marketing, competition from private sector and imports. These included companies like Heavy Engineering Corporation, Fertilizer Corporation of India and Hindustan Antibiotics Ltd. Some of the loss making companies, such as, Jute Corporation of India and Cotton Corporation of India have had macro-economic objectives to serve like procuring agricultural goods from farmers at minimum support prices (MSP) etc. The above factors put CPSEs into vicious circles of sickness and led to technological obsolescence, shortage of working capital, low capacity utilization, low productivity, poor debt-equity structure, heavy interest burden, inadequate and unfocussed marketing, loss of customer confidence due to delayed delivery schedules, dependence on Govt. orders, lack of business plan, insignificant market share to face competition, high overheads, high input cost and operational inefficiencies,lack of accountability. With liberalization and opening up of the economy, many CPSEs that did not evolve fast lost ground to private companies. Attempts have, therefore, been made to overcome “sickness” in these CPSEs through various revival packages.
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Related to Reasons for Losses and Sickness in CPSEs

  • Liability for other losses, damages etc Save and except as expressly provided in this Article, neither Party hereto shall be liable in any manner whatsoever to the other Party in respect of any loss, damage, cost, expense, claims, demands and proceedings relating to or arising out of occurrence or existence of any Force Majeure Event.

  • Compensation for Damages or Losses When investments by investors of either Contracting Party suffer damages or losses owing to war, armed conflict, a state of national emergency, revolt, insurrection, riot or other similar events in the territory of the other Contracting Party, they shall be accorded by the latter Contracting Party a treatment, as regards compensation or other settlement, not less favourable than that accorded to its own investors or to investors of any Third State.

  • Compensation for Damage or Loss (1) When investments made by investors of either Contracting Party suffer damage or loss owing to war or other armed conflict, a state of national emergency, revolt, civil disturbances, insurrection, riot or other similar events in the territory of the other Contracting Party, they shall be accorded by the latter Contracting Party, treatment, as regards restitution, indemnification, compensation or other settlement, not less favourable than that the latter Contracting Party accords to its own investors or investors of any third state, whichever is the most favourable.

  • OUR RESPONSIBILITY FOR LOSS OR DAMAGE SUFFERED BY YOU 14.1 We are responsible to you for foreseeable loss and damage caused by us. If we fail to comply with this Agreement, we are responsible for loss or damage you suffer that is a foreseeable result of our breaking this Agreement or our failure to use reasonable care and skill, but we are not responsible for any loss or damage that is not foreseeable. Loss or damage is foreseeable if either it is obvious that it will happen, or if, at the time the Agreement is made, both we and you knew it might happen. We are not responsible for any loss or damage you suffer which is a result of you breaking this Agreement or you acting fraudulently.

  • Liability for loss or damage Subject to the provisions of the Occupiers Liability Act 1957 and the Defective Premises Act 1972, we shall not in any circumstances incur any liability in respect of loss or damage to any person or property or otherwise, unless the loss or damage was caused by our negligence.

  • Compensation for Damages and Losses Investors of either Contracting Party whose investments suffer losses in the territory of the other Contracting Party owing to war or other armed conflict, revolution, a state of national emergency or revolt, shall be accorded treatment by such other Contracting Party not less favourable than that which the latter Contracting Party accords to its own investors or to investors of any third State as regards restitution, indemnification, compensation or other valuable consideration.

  • Compensate us for loss damage You will compensate us and hold us harmless against any loss, damage, liability, cost and expense (including legal costs) which we may reasonably incur or suffer as a result of or in connection with your card account and/ or this agreement, including without prejudice to the generality of the foregoing:-

  • Liability for Loss If Included Timber is destroyed or damaged by an unexpected event that significantly changes the nature of Included Timber, such as fire, wind, flood, insects, disease, or similar cause, the party holding title shall bear the timber value loss resulting from such destruction or damage; except that such losses after removal of timber from Sale Area, but before Scaling, shall be borne by Purchaser at Current Contract Rates and Required Deposits. Deterioration or loss of value of salvage timber is not an unexpected event, except for deterioration due to delay or interruption that qualifies for Contract Term Adjustment or under B8.33. In the event Included Timber to which Forest Service holds title is destroyed, Purchaser will not be obligated to remove and pay for such timber. In the event Included Timber to which Forest Service holds title is damaged, Contracting Officer shall make an appraisal to determine for each species the difference between the appraised unit value of Included Timber immediately prior to the value loss and the appraised unit value of timber after the loss. Current Contract Rates in effect at the time of the value loss shall be adjusted by differences to become the redetermined rates. There shall be no obligation for Forest Service to supply, or for Purchaser to accept and pay for, other timber in lieu of that destroyed or damaged. This Subsection shall not be construed to relieve either party of liability for negligence.

  • Compensation for Losses Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of:

  • No Layoff to Compensate for Overtime Employees shall not be required to layoff during regular hours to equalize any overtime worked.

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