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

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Pollution, New Bombay and All That

to dry up, the entrenched dements will not allow you to introduce any national scheme for Increasing the burden of direct taxes, and indirect taxes will merely mean a further rise in prices, almost surreptitiously. Recourse is, therefore, taken to credit creation. This too is inflation, but the government thinks that the cheating will not attract attention. Any novice knows that it is much easier to have deficit financing of as much as Rs 250 crores than to raise additional taxes of the order of as little as Rs 25 crores.

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