Banana Peel for Editors

Banana Peel for Editors Nireekshak SOME avoidable confusion seems to have been caused in the minds of editorial writers about the implications of the Supreme Court's judgment on bank nationalisation. Almost all these worthies jumped to the conclusion that the Court's injunction against 'hostile discrimination' left no alternative to Government but to nationalise all banks, Indian and foreign, or go back on nationalisation altogether. On the morrow of the judgment (February 11), Times of India wrote editorially that "the final consequence of the judgment will be to force the Government to nation- alise all the Indian and foreign banks, big and small". This refrain was more or less echoed by Indian Express as well as Free Press Journal, though the conclusions reached by them were somewhat contradictory.