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

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Customs Union for Indian Sub-Continent

South Pacific and western America. But then the British experience may perhaps have been different and the authors' indication that few untouchables migrated to the United Kingdom (p 27) suggests that in one important respect the later period of the United Kingdom movement did mean important differences. In New Zealand the Chamars are the second-largest group of Punjabi migrants after the Jats and the situation has probably been the same in Australia and Fiji. Feelings of antagonism are still very much alive, in New Zealand and Fiji at least, and it such feelings are absent in the United Kingdom their absence provides one more justification for treating the Sikhs as the primary unit.

Checking Inflation-A Note

Checking Inflation A Note Rajendra Kumar C N VAKIL and PR Brahroanand have, in a Memorandum* to the Central Government, suggested a number of policy steps with a view to freeing the Indian economy from inflation, thereby ensuring the best use of the available resources in an atmosphere of continued price stability. The keynote of the prescriptions is a 5 per cent ceiling on money supply expansion over a five-year plan period, allowing for yearly flexibility during the five-year period. The urgency of monetary and fiscal discipline in order to limit the money supply expansion to 5 per cent annually on average is deemed to be so acute that the au- thors have urged the inclusion of a new clause in the Indian Constitution as follows:

End of the Old IMF

bour. This reveals the extent of poverty and indicates that the maximum number of people; are required to work to earn even a meagre living. Among the working population (which is 53.50 per cent of the total population) there is a very high percentage of persons working in the primary sector. Of the working population, 89,75 per cent is engaged in agriculture, fishery and forestry. The corresponding figure for the state is 72.50 per cent. Only 3.20 per cent of the workers are engaged in household industries and construction; the proportion for the state is 12.50 per cent. In the region, 7,05 per cent of the working population is engaged in trades, commerce, services, transport, etc, while this figure for the entire state is 15 per cent. These figures clearly mdi- catc that trade, commerce and industry do not offer much employment in the region.

Self-Help by Developing Countries

 1923 when a declaration was mad that African, not European, rights in the country were paramount. The African leaders today do not like to give this particular declaration much importance but it has to be realised that it not only reversed the previous declaration of European paramountcy but also ensured that Imperial control of the Colony would continue. This frustrated settler efforts to be granted self- government. This was a major achievement for the future because a potential Rhodesia was avoided.

IMF and International Liquidity

IMF and International Liquidity THE primary component of international liquidity that a country possesses is its international reserves which are made up of gold holdings and foreign exchange assets in US dollars and pound sterling. The subsidiary resources of international liquidity are provided by IMF. It is largely the flexible operation of IMF policies that has resulted of late in a significant expansion of subsidiary liquidity. Table 1 outlines the enlargement over the years in the quantum of international liquidity of all types.
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