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From 50 Years Ago: Wanted: A Defreeze
Vol II, No 28 july 15, 1967
Wanted: A Defreeze
The Chief Ministers are not a dull lot. Far from it. Their own policies and budgetary performance might be deficient in many respects, but they are brimming over with ideas of what the Centre should do. The UP Chief Minister has let go with a proposal for demonetisation of the currency. Others, faintly aware of the British precedent but quite certain of the dangers for themselves of a higher dearness allowance to Central employees, have suggested a freeze of incomes and prices. The monsoon, it was accepted long ago, is not amenable to policy declarations. There is, however, some lurking hope that incomes and prices can be made to behave if some appropriate noises are made. …
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