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

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Vol IX No 24 Skylark 284 Frere Road Bombay 400 001 Grams Econweekly Editor Krishna Raj Assistant Editors Rajani X Desal, Jawid Laiq Editorial Staff Colin de Souza. Ashok Rao. A A Dalvi AFTER fiddling for more than two years, the government is apparently awakening to the need to do something about the inflation. However, all semblance of an overall economic policy having disappeared in the meantime, the partial measures now being contemplated are likely to further aggravate the distortions in the economy. The gross inequity of a wage freeze when non-wage incomes have not only not been curbed but have been deliberately promoted by government policy has been commented on in these columns ("The Dishonesty of It All", June 1). The government's other hang-up is apparently money supply; the attempt seems to be to keep down the rate of expansion of money supply to some arbitrary figure, no matter how this is achieved.

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