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

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Edging Out off CENTO

 there has been some easing on consumer goods like cotton textiles, sugar and cement, there are hardening trends visible in commodities such as cotton, oilseeds and metals. Government's reaction to such hardening in prices has been to return to control, negating thus the experience and argument by which control had been scrapped. Gradually decisions are being taken on the Dutt Committee's recommendations on licensing and on conversion of loans. Mow- ever, the more important decisions on expansion of capacity in specific industries like scooters, on management of public sector enterprises, and on the broad policy of resuming the invest ment process, seem to be moving azt the same slow pace as the economy.

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