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

Articles by OttuketkalSubscribe to Ottuketkal

Ban Apropos What

 even retired economists, have become scarce (at least, more scarce than retired civil servants), and the Government has not been able to find one to do its bidding on the Tariff Commission. Or, with the experience of economists writing minutes of dissent to the Commission's Reports, the civil servants might have decided to exclude economists from Government patronage. The Commission would now be re lieved of such minor distractions as economic analysis of problems under its examination or economic logic in their conclusions. It would be a thoroughly practical body giving here and taking there to arrive at conclusions which would displease neither industry nor Government.

In Law and By Law

In Law and By Law Ottuketkal THE statement of Morarji Desai on November 20 in the Lok Sabha on the cornering of Indian Iron shares by Ramnath Goenka, newspaper magnate, shows the extent to which he is willing to compromise Government in his bid to woo special interests (for the background see "Moving Spirits", October 26, 1968, p 1643). The avowed purpose of Morarjt's statement was to show that Government had all along been alert to Goenka's doings and that nothing illegal had transpired. There was no connivance of the Reserve Bank, he said, in Goenka's bid to support his purchases with bank credit. Morarji thereby succeeded in establishing in the public mind that Goenka enjoyed his special protection and that the Finance Ministry's your most obedient, etc,

Moving Spirits

Optober 26, 1968 the industry must be compelled to revise Its pristine ideas about jute purchases. Last year when raw jute was going abegging at Rs 36 a maund, the mills claimed that they did not have enough funds to step up their purchases which would have stabilised the price at a level remunerative to the farmer. Now that the Bengal farmer, as often in the past, has diverted his land to rice, mills have suddenly found it possible to scramble for limited supplies at nearly twice the price they were willing to pay last year. The creation of a buffer stock is ruled out this year but next year there must be a concerted and
Back to Top