KERALA-Troubled Waters

payment to start massive public works programmes which will build development assets as well as give additional employment and generate new incomes in the countryside. He has strongly deprecated the tendency to hoard foodgrains as well as foreign exchange reserves merely as insurance against a setback in the future even though these hoards are exercising a strong inflationary influence in the economy. The ideas thrown up by Jha are shared by many influential circles in the government and they appear to be quite sensible as a starting point for a more positive and dynamic approach to the management of the economy. But they have not yet been fully processed in the government and have not found due endorsement, in a finished form, as government policy.