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

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NEW DELHI-Search for an Unconventional Wizard

NEW DELHI Search for an 'Unconventional' Wizard B M FINANCE MINISTER Y B Chavan's letter to state Chief Ministers on the need to exercise discipline in expenditures and raise additional resources has only elicited frivolous comment. Wide publicity was arranged for the letter which has warned the state governments that the Centre will not give them any more special accommodation and that they will, therefore, be well advised to cut down low priority expenditure and embark on additional resource-raising. But only a couple of weeks earlier when the Reserve Bank had refused to honour the cheques of the Karnataka government and Kerala also had reached a similar position, all that the two state governments had to do was to come rushing to New Delhi and secure authorisation for special accommodation. This will always happen as the state governments cannot be left in the lurch in such a situation and they know it. If the Finance Minister were to prove difficult, the state chief ministers can always go over his head.

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