Articles by Wishvas Rane



and thereafter it should be stepped up each year in a phased manner to reduce the burden of subsidy to agriculture sub- stantially. The committee had also emphasised the importance of discontinuing the horsepower-based tariff and had urged that the board should install meters on the premises of all agricultural consumers within three years at the latest.

Red Chip companies is enormous because they are backed by the Beijing government and various state and municipal governments. To boost their allurements by their sponsors they are fequently given what are labelled "asset injections', that is they are allocated by their sponsors capital funds to boost the attractiveness of their balance sheets.

Since the drug policy of 1986, many changes have been introduced liberalising the environment for drug manufacturing and marketing. These changes have apparently come about as a response to the drug industry's plea that controls in India were too stringent and that without controls prices would stabilise and not rise. Yet, a categorywise analysis of prices of drugs over a period of 15 years shows that there is a general rising trend in prices, especially of essential and life-saving drugs.