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

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Election Expenses-Come, Be Corrupt with Me

November 30, 1974 averaged Rs 52.4 crores during 1901-65 and Rs 34.4 crores in the next five-year period. The peak level of ordinary shares issued was Rs 65.4 crores in 1964. This amount has not been equalled in the last decade. If the private corporate sector had experienced nor- mal growth, the annual issue of equity capital should have been around Rs 100 crores now, whereas in fact it was only Rs 62.7 crores in 1073.

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