Government of India. Ministry of Industry and Supply. Report of the Committee on Profit-Sharing

The object of the Conference was to consider the steady deterioration of the economic situation and particularly the continued fall in most spheres of production and to devise measures which would not only arrest the deterioration but lead to positive iprovement. [...] The system of remuneration to capital as well as labour must be so devised that while in the interests of the consumers and the primary producers excessive profits should be prevented by suitable measures of taxation and otherwise both will share the product of their common effort after making provision for payment of fair wages to labour a fair return on capital employed in the industry and rea [...] Assuming for the moment that the scale of provision for reserves and the rate of fair return to capital employed have been determined the calculation of the surplus profit of which labour should be given a share is a comparatively easy matter. [...] In these cases the surplus profits of the units will be pooled for the plirpose of ascertaining what should be the profit-sharing bonus payable to labour in the industry in that locality. [...] The net effect will be that labour employed in every unit in the locality will get a minimum share calculated on the basis of the total of half the surplus profits of all units in the locality which make surplus profits.