MONEY AND BANKING-Slow Down in Money Expansion

farmer. This is very relevant to the decision soon to be taken on the procurement price for rahi which had been deferred by the caretaker government because it was divided on whether to give a higher price than recommended by the APC, The APC, it might be pointed out, is already loaded with so- called representatives of farm interests and dutifully recommended a small increase in procurement price over that of last year much against the advice of the Planning Commission. Rao Birendra Singh is obviously keen to prove that he is a bigger and better champion of the farmer than even Charan Singh. Of a piece with this is the first open declaration of the Irrigation and Energy Minister from. West Bengal that the Farakka agreement with. Bangladesh would be reopened in order to secure the needs of the Calcutta port. The only issue on which a stem stand is still favoured, and may even be taken, is the need for disciplining labour to run the critical coal, railway and steel 'infrastructure'. The question is: will the big stick against the worker be- come the starting point of spurring the 'infrastructure' to better performance?