Report No. 145
5.3. The argument of autonomy.-
Connected with the above argument is what may be called the argument of autonomy. In this context, attention has bean drawn to the Industrial Policy Resolution, 1955 which, inter alia, states as under:-
"With the growing participation of the State in industry and trade, the manner in which these activities should be conducted and managed assumes considerable importance. Speedy decisions and a willingness to assume responsibility are essential if these enterprises are to succeed. For this, wherever possible, there should be decentralisation of authority and their management should be along business lines Public enterprises have to be judged by their total results and in their working they should have the largest possible measure of freedom."