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The Oriental Fire and General Insurance Company Limited

penditure and investing our resources in the most efficient manner continues to be most urgent. During the next few months the Fourth Five Y-ear Plan will be finalised. The approach of the Planning Commission to its tasks is being discussed at present. One must say that the lessons of past experience have not had as much effect on the basic attitude of the Planning Commission as one would have reasonably expected. There are no doubt welcome signs that the earlier rigidly has reduced. But the role of the Government is still envisaged more or leas in old terms whether in the extension of the public sector or the regimentation of the private sector. The acceptance of economic criteria for economic activity is still half-hearted. If these criteria are adopted I am sure that industry will develop in a more broad-based and efficient manner as it should.

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