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

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Shrinking Credibility

 it wants 25 per cent to be invested specifically in rural development including farm loans, provision of irrigation facilities, sinking of tube-wells, rural housing, manufacture of fertilisers and pesticides, agricultural implements, etc. This recommendation certainly possesses contemporary flavour but before one gets carried away by it, it would be useful to know, for instance, whether LIC should earn 6 per cent, 8 per cent or 10 per cent on such investments, and whether the loans and investments arc to be made direct or through State Governments or through private agencies.

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