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NEW DELHI-From R and D to Subcontracting

NEW DELHI From R and D to Subcontracting B M WHAT is there in a name? What matters is what a person or institution does. This is how the change in the name of the Fertiliser (Planning and Development) India Ltd at Sindri to Project and Development India Ltd has been advertised. "We have changed our name, but not our aim", so the advertisement goes. The important thing, according to a wag in the organisation, is that the abbreviations P and D have not been given up in the successive changing of name first from P and D Division of the Fertiliser Corporation of India to FPDIL and now PDIL The latest rechristening took place on 1st April, all fools day.

NEW DELHI-Devaluation of NDC

NEW DELHI Devaluation of NDC THE meeting of the National Development Council on March 14 was a bit of farce; it was probably ment to be just that. Who exactly convened it and for what purpose? These questions are still being asked and some seem to be baffled by them. But to cover up their own bewilderment, they like to focus on the performance of the Congress (1) chief ministers at the "meeting. It has been noted that they took the opportunity, with long written speeches, to express their fawning loyalty to the Prime Minister and fulsome praise for the new 20-point programme which she had proclaimed. Even the Prime Minister is said to have been bored by the long speeches of her chief ministers but she was unable to discipline them and bring them meaningfully to discuss the agenda of the meeting.

NEW DELHI-Prime Minister s Budget

Prime Minister's Budget B M THE budget for 1982-83 has evoked significantly contradictory reactions. The leaders of private business and industry are visibly disappointed, largely because it has not come up to their expectations. Their appetite for concessions and incentives had been so much whetted by the last two budgets and the pre-budget trends of official economic policy that they had looked forward to a bonanza. In the event, they feel let down. The concessions are, of course, there, but they are seen as paltry and halting and in terms of the monies involved not much to gloat over. The opposition parties generally have focused on the massive additional taxation, including that imposed by way of upward revision of railway freights and fares and telecommunication charges effected in advance of the presentation of the budget. This has been denounced as heaping fresh burdens on the people and giving a boost to price increases. The Left parties have gone along with similar criticism, and in addition held the budget to be the outcome of IMF influence and dictation.

NEW DELHI- Wooing Foreign Capital

benefactors that as long as it does not involve any concession to Pakistan on any significant issue

NEW DELHI- Palace Politics

What matters is the attitude of Western Europe. It is doubtful if any cold war issue in the past had left Europe so divided as the Polish issue seems to have done. This has been the surest guarantee that General Jam- zeteky and his comrades would get away with their systematic, planned assault on Solidarity.

NEW DELHI- Burying the Sixth Plan

Burying the Sixth Plan A STRIKING feature of the latest full meeting of the Planning Commission over which the Prime Minister presided and which decided on yet another round of revisions and reordering of investment priorities in the Sixth Plan was that what is euphemistically called defence expenditure figured prominently in its deliberations. The Planning Commission is ordinarily not the body or the forum which concerns itself with defence matters. It seems, however, that the government leadership thought it necessary at this meeting of the Commission to indicate that mounting defence expenditure had a bearing on availability of resources for the development plan and that the Planning Commission would have to reckon with this fact in its excercises about resources available for development planning and make adjustments and revisions accordingly, It is after an interval of nearly two decades

NEW DELHI-New Perspective for Steel Development

NEW DELHI New Perspective for Steel Development B M THE ouster of K C Khanna from the office of the chairman and managing director of the Steel Authority of India (SAIL) and his transfer to the relatively obscure post of chairman of the Mineral Development Board, which he has so far declined to accept, has caused a flutter among top managements of public sector enterprises. Khanna was after all, regarded as a man with pull and connections in the highest quarters and had won kudos for executing the Kudremukh iron ore project which had been personally assigned to him by the Prime Minister herself. What then happened for Khanna to so suddenly lose his good standing with the powers-that-be? So much so that he was not even remotely aware of what was in store for him till he was actually .served with the sack order.


Unions in Bengal, 1920-1924 Sonat Bose Barring a few exceptions, in most cases the labour movement in Bengal spontaneously emerged as an inevitable manifestation of class struggle, a phenomenon about which the political leaders participate ing in the labour movement did not have a clear idea.

NEW DELHI-IMF s Eager Client

NEW DELHI IMF's Eager Client B M WHEN 23 economists meeting in Calcutta sonic lime ago warned that "large- scale borrowing from the IMF by some underdeveloped countries has simply meant a .surrender of their economic sovereignty" and stressed that "this is not a path we would like India to follow", it had not been an idle warning. The leakage of the exact terms and conditions on which India is negotiating for a loan of 5 billion SDRs from IMF and the Finance Minister's letter of intent to the IMF authorities has brought home this truth to those who till now had been gullible enough to believe that India might somehow manage to get the IMF loan on specially .soft terms or that the Indian government would resist the "pressure and blackmail" of the IMF. Equally relevant in this context, again, was the warning of the Calcutta meeting of economists that borrowing from the IMF would give the IMF power to impose its own style of "economic discipline'' on the government's economic policies and the management of the economy. This has been borne out by the detailed assurances and commitments that R Venkataraman's letter of intent contains. Specific targets for deficit financing by the government, for its borrowing from the banking system and for similar other monetary and fiscal operations have been agreed to for the satisfaction of the IMF.

NEW DELHI-Dependence All the Way

for the Davy McKee group, a UK-US combination, in preference to the West German Mannesman-Demag consortium for the construction of the proposed 3 million tonne steel plant at Paradip. The idea of setting up the shore-based export-oriented steel mill at Paradip was mooted by Biju Putnaik when he was Steel Minister in the Janata government, The deal has now been clinched by Indira Gandhi's cabinet.

NEW DELHI- Sixth Plan as Window-Dressing

NEW DELHI Sixth Plan as Window-Dressing B M THE curtain on the monsoon session of Parliament was rung down appropriately by the declaration of the Prime Minister before the meeting of the uiling Congress (I) parliamentary party the day after the session concluded that corruption was a global phenomenon and therefore, by implication, that the rampant corruption in India spotlighted by the exposure of what is called the Antulay affair by the Opposition parties during the session of Parliament need not be taken seriously and could not be controlled or curbed. That inflation is a global phenomenon and nothing very much can be done about it has been a familiar contention of Indira Gandhi. She has now given a novel and wider dimension to her international perspective about which she is supposed to be very sensitive and for which she it often admired in many quarters.

NEW DELHI-A Different View

August 22, 1981 gible and lasting agreements. Again, while the understanding does not rule out revival of mutual tension, the broad limits of brinkmanship seems to have been set. Perhaps the ambivalence of New Delhi is deliberate; to make allowance for the uncertainties of the post-Abdullah politics in Kashmir.


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