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

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NEW DELHI-New Framework for Industrial Relations

NEW DELHI New Framework for Industrial Relations B M THE trade union movement is in a state of extraordinary flux. The government has clearly spelled out what it expects of the working class in the present situation' The Prime Minister's speech to the General Council of the INTUC, in which she made it clear that the bonus cut was necessary in the interests of industry and the economy and that workers must learn to subordinate their immediate interests to the national interests, has put the trade union movement under new obligations.

NEW DELHI- Structural Changes Ruled Out

NEW DELHI Structural Changes Ruled Out B M THE special meeting of the Consultative Committee of MPs on Planning last week to discuss a private member, Vasanth Satbe's note on 'structural' changes in the economy was a novel happening. The Planning Commission, it was suggested, had felt that a "wider national debate" on the pros and cons of the suggestions made by Sathe would be useful, even though it found many of Sathe's propositions unacceptable or infeasible. What this exercise, in fact, indicated was the utter apathy that pervades Yojana Bhavan these days. The planners are willing to reduce themselves to the position of a debating society while major issues of economic policy and management of the economy are settled elsewhere.

NEW DELHI-The Mini-Steel Fiasco

November 1, 1975 the level of 1968-69 at 1960-61 prices; at current prices it was 18.1 per cent higher.
Another universally-recognised source of error to which we made a pointed reference, but which Sarma fails to acknowledge, is the possibility of in- come-earners at the two ends of the spectrum

NEW DELHI- Clamour for Excise Relief

October 25, 1975 The SP is dearly opposed to this process. It has in its post-electoral phase moved sharply to the Right and Soares represents the hopes and aspirations of the ruling social-democratic parties of capitalist Europe. The PCP after flirting in a sectarian way with put- chism has changed course once again and has now a seat in the Sixth Government (a government of law and order) which is dominated by SP ministers while at the same time keeping a foot in the revolutionary camp. It vaccilates between class-struggle and class-collaborationist forties. The immediate next step is for revolutionaries to win over a bulk of the workers at the base of the SP and thus isolate the leadership. In other words what is needed is an audaeous struggle for a workers' united front, it is here that the sectarian course of the PCP during the summer period or rather the period of summer madnesses has been totally counter-productive. It has driven SP workers firmly behind Soares. However there is still time to reverse the process- Portugal today is a laboratory of socialist revolution. There are a whole number of groups to the left of the PCP. The most significant non-Maoist groups have formed a Revolutionary United Front which has mobilised hundreds of thousands of workers and soldiers throughout the country. It is these groups which will ensure that there is not a repetition of Chile in Portugal. The main groups in the RUF are the LCI (Internationalist Communist League

NEW DELHI- Foodgrains Back to Free Market

Kuan-hua and the rest of us have to live is thus not quite the world which Chiao Kuan-hua so eloquently describes. It is not a turbulent world. The third world leaders who swear by self- reliance every day are not against he- gemonism or dependence. Most of them survive by being dependent, by allowing themselves and their countries to be dominated. As for the people, it is a different matter. But then Chiao Kuan- hua was talking of countries and, by implication, of their leaders. That is why his view of the world seems so unreal.

NEW DELHI-Token Start on Rural Banks

NEW DELHI Token Start on Rural Banks B M LAST WEEK a series of ordinances were promulgated. Of the three ordinances, one made a cut in the bonus entitlement of workers, one paid homage to the International Women's Year by laying down that women would enjoy equal pay with men in employment and the third sanctioned the setting up of five rural banks as part of the pro. gramme to relieve the burden of indebtedness on the rural poor. It was further announced that another ordinance was in the offing, which would ban unjustified closures and lay-offs. The impact of the ordinance on bonuses will be immediate and direct on the workers, and the trade unions are going to face a difficult and complex situation. The influence, of the other measures is bound to be comparatively slow and moderate; nevertheless the setting up of the new rural banks calls for fuller and more careful attention.

NEW DELHI-Power Plants Back to Imports

Kissinger's facility would, under certain yet-unspecified (read: stringent?) conditions, provide for the conversion into outright grants of loans made by the facility to the very poorest countries if they were unable to repay within five years.

NEW DELHI-New Areas for Private Sector

NEW DELHI New Areas for Private Sector B M EVER since he assumed office as Industry and Civil Supplies Minister, T A Pai has been displaying much zeal in his drive to end the prolonged stagnation in industrial production. He is very optimistic, too, about what he can achieve, and he has publicly committed himself to an increase of 8 per cent or more in industrial production this year.


August 9, 1975 It was therefore not worthwhile keeping farm servants who have to be maintained throughout the year. The Mayurakshi River irrigation system has changed all this and made possible additional crops on a considerable part of the land. The same irrigation system has reduced the frequency of crop failures due to drought Reduction of the uncertainty element has reduced the appeal of share arrangement in general.

NEW DELHI- Problems of Implementation

Problems of Implementation B M NEW DELHI has witnessed a series of high level conferences since the announcement of the 20-point pro- gramme of new economic measures. These conferences have been devoted to different items of the programme and how to implement them on a crash basis. The Prime Minister herself has participated in many of these conferences and has delivered the key-note speeches. It has been claimed that, as a result, a new direction has been given to economic policy and management and that the results are already showing

NEW DELHI-Annual Plan

NEW DELHI Annual Plan B M THE Annual Plan for 1975-76 has been presented at last. It is an arithmetical exercise based on the Central and state government budgets. Within a few days of the appearance of the Annual Plan, the Finance Ministry has come out with its own survey of economic developments in the first quarter of the year. The Annual Plan somewhat cautiously and the Finance Ministry more confidently strike a note of optimism about the present state of the economy and its prospects. The Finance Ministry has claimed that inflation has been brought under control and that the "economy is now poised for a major phase of rapid economic expansion". A growth of five to six per cent during the current year is predicted.

NEW DELHI-Aid Outlook

NEW DELHI Aid Outlook B M WHEN she presented the 20-point programme under the emergency, the Prime Minister made an important statement which has not received the attention it deserves. The foreign ex- change outlook, she said, was satisfactory and that, therefore, larger imports of various commodities would he arranged so that sufficient .supplies were available in the economy. In fact, she seemed to be projecting imports as a key component in the government's strategy to stabilise prices as well as to promote better utilisation of productive capacities. A few days later, the Finance Minister announced that the government had already made arrangements to import sizeable quantities of wheat, rice and edible oils. He suggested that imported stocks would be used to "balance the price line if the prices of these essentia] goods shot up".


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