ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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BANGLADESH-Presidential Poll Prospects

October 10, 1981 corporate power. Moreover, in the elaboration of industrialisation plans, the 31 should be cognisant of the fact that the rate of obsolescence of all imported industrial machinery is speeding up under the impact of this unrelenting advance of applied industrial research.


very close to the powers that be in the present regime. They wanted to be bailed out of their difficulties. The takeover has probably relieved them of their difficulties. The principal of a certain cut-off point for deposits before nationalisation came in handy, since it had been upheld by the Supreme Court when the first round of bank nationalisation took place. But this does not mean that this cut-off point at Rs 200 crores of deposits is sacrosanct and will automatically apply to other private sector banks in due time. Meanwhile, however, the compensation to be paid for the take-over of the banks will be generous and there will also not be many changes, at least for the time being and for some time to come, in the composition of the banks' managements. The initiative, according to indications, would seem to have come from the Prime Minister for the takeover with influences exercised behind the scenes from quarters which had a close liaison with some of the managements of the taken-over banks. One of these managements is said to have ad- vanced large sums of bank money to influential parries as clean advances and did not know how to get them back. The take-over will come to the management's aid and mitigate some of its anxieties. Incidentally, it may be useful to mention that in spite of a faster rate of expansion than even the nationalised banks and their much- advertised efficiency, at least two banks in the group of six now taken over had run into a situation where their profit- ability was seriously in question. The net profit of Vijaya Bank, for instance, showed a decline from Rs 24 lakhs in 1977 to Rs 8 lakhs in 1978, even though its deposits had increased from Rs 260 crores to Rs 330 crores and credit had increased from Rs 147 crores to Rs 175 crores.

Confusion of Constraints and Stimulants

March 1, 1980 even at the cost of clarity. For example, he says: "Ratio of advantages has been obtained by dividing a vertical rise by the corresponding vertical zone . . ." or, "Equal-share co-efficients for different Boards indicate that the percentage of the population getting something less than an equal share of values... In egalitarian terms the equal share co-efficient measures percentage size of i the underprivileged population" (pp 65-70). Here, the language is so jargonised that it is difficult to follow the point Jha is trying to make. In fact, it has obscured a vital point that "on account of the introduction of indirect elections the landed castes have gained greater political advantage" (p 71).

WEST BENGAL- Operation Barga

WEST BENGAL Operation Barga Asim Mukhopadhyay THE West Bengal government's Operation Barga (OB), or programme for rapid recording of sharecroppers, completed its first year in August. The OB had raised high hopes among the peasantry. Unlike earlier land reforms, including those of pre-independence days, it seemed to be a better thought out and determined attack on agrarian problems and seemed to have the sincere support of the parties in power.

BANGLADESH-The Economic Millstone of Foreign Aid

BANGLADESH The Economic : Millstone of Foreign Aid Asim Mukhopadhyay GOOD harvests for three consecutive years together with an uninterrupted flow of foreign aid have given the government of Ziaur Rehman a longer life than the regime of the late Sheikh Mujib. The country's planners are now expecting a rise in the Gross Domestic Product (GDP) by 8 per cent, in food- grain output by 13 per cent, in jute production by 17 per cent and in industrial output by around 10 per cent. But behind these impressive anticipated figures lies a dismal picture, of poor performance in almost all sectors.

BANGLADESH-Farcical Election

promise, they have succeded in paralysing the working of the university in protest against the vice-chancellor's return. But one wonders how he could have defied the Chief Minister's advice. Apparently, being the Union Home Minister's protege he wields more power. It seems that on the lines of the Emergency 'caucus' a new cabal of upper-caste landlords and administrators is emerging around Charan Singh. Coming in the wake of Harijan-lynching in the villages and unleashing of police terror on any expression of working class protest in the cities, the Pantnagar developments point out unmistakably to the shape of things to come.

BANGLADESH-Instability Continues

BANGLADESH Instability Continues Asim Mukhopadhyay BANGLADESH is today in the grip of acute' economic crisis and political instability, Barring agriculture, where once again there is the prospect of a good crop, the prospects on every other front are dismal. Racketeering in jute and textile mills, ruination of many tea plantations, runaway increase in prices of every commodity, very high unemployment and a total breakdown in law and order

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