ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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SCIENCE AND TECHNOLOGY-The Scientists Complaint

 and legal formalities, particularly where more than one agency is involved, are difficult and time-consuming. Economic processes and economic developments are not amenable to time-schedules. One cannot help recalling in this context, an amusing anecdote narrated by the American magazine Time. During 1982-84 when the American economy was in recession, one question that was invariably put to Donald Regan, at the time US Secretary of Treasury, was when the recession would end. At one of the press conferences, when the same question was put to him, Donald Regan was exasperated and said, "on Tuesday at about 10 O'clock in the morning"! SUMMING UP To sum up; the Vaghul group's report on the money market is no doubt a quick job but does not seem to be a thorough one Perhaps the group would have done a bet ter job if only it had accepted the canvas on the development of a money market as presented by the Chakravarty committee and worked on those lines. Instead, the Vaghul group has gone strictly by the terms of reference and also by the advice of the RBI deputy governor and executive director. In the result, the group has, instead of carry- ABOUT a hundred professionals attended the National Seminar on Social Perspective of Generation and Utilisation of Indigenous Science and Technology held in Hyderabad in the first week of February and most of them seemed to think that the policies of the government of India may be hazardous to the health of science and technology in India. The gathering had a broad representation professionally, geographically and even in the hierarchy of importance. While there was quite a bit of variation among the speakers in their social and political understanding of the problems facing scientists and engineers in India there seemed to be a broad consensus on the following: (i) political climate in India encouraged professionals to be nationalistic and egalitarian in their attitudes and selection of problems for study before independence but this streak of idealism has steadily declined since then, (ii) The present political atmosphere is the least encouraging for indigenous scientists since independence, (iii) Science and technology concerns have never been as elitist in the country as they are now.

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