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

WEST BENGAL-Retraining the Guns

January 6, 1973 To sum up, then, banks acquired IOUs issued by the Centre, exchanged them for bonds with the state governments which are now tapping 'secured' loans from the Reserve Bank against the Centre's IOUs, Everybody is happy.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

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.

Back to Top