ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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GUJARAT-Cover-up of Gang Rape by Policemen

February 22, 1986 must, therefore, logically follow. What is required by the World Bank-IMF strategists is austerity, ruthlessly imposed from above, for the mass of the people and liberalisation for commercial enterprise and investment, above all, in the private sector, Indian and foreign. The official policy has been moving on these lines steadily for the past several years and has acquired accelerated pace and momentum in the course of the last one year. All the policy propositions and prescriptions laid down by the World Bank and IMF have now become an essential stock in trade of the Government of India's socio-economic policy and management. There may, of course, be occasional deviations and minor aberrations. But those who talked glibly about robust independence, political as well as economic, of the Government of India when it dispensed with the last instalment of the IMF loan under its special financing facility must now think afresh. The IMF loan arrangements, in fact, achieved their essential purpose of bringing about the desired shift in official socio-economic policy in India. The World Bank has carried on from that point with its policy-linked credit lines to keep the Government of India moving on the set course The latest hike in prices only emphasises this position and has brought right into the open the real content and direction of official socio-economic policy under the tattered banner of liberalisation of the economy. It is a policy of imposing austerity on the mass of the people in order to subserve and promote the in- terests of those who command economic assets and power. World Bank-IMF strategists demand austerity for the masses and a bonanza for the asset-holders. The government's socio-economic policies in India are moving on the prescribed path.

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