September 18, 1971 tions such as why the Reserve Bank did not tie up fresh limits to its bill market scheme, since it has decided to suspend for almost a year the credit authorisation scheme could be raised only if it were assumed that the Re- serve Bank can stand up to political pressures. How realistic is such an assumption today?
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EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.