ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Commercial Broadcasting and the Press

Commercial Broadcasting and the Press IN YOUR editorial "Commercial Broadcasting and the Press" in your issue of July 8, 1967, you have expressed doubts about the assertion made at the recent All-India Newspaper Publishers Conference that small, regional newspapers depend as much on national advertising as the large national ones. In this connection I wish to draw your attention to the Pres Institute of India publication, "Advertising and Small Newspapers".

Can Local Enterprise Do It

Can Local Enterprise Do It? I WENT THROUGH the admirable paper by B V Krishna Murti on "Power Elite Planning for People's Welfare", published in your issue dated 27th May. The case he has made out for planning from bottom upwards rather than the other way round is unexceptionable.

Politics of Ghera

hold up the implementation of these schemes which have already been much delayed. LETTER TO EDITOR Politics of Ghera THE POLITICS of gheraos may not be as simple as you make them out to be in your editorial (May 20, 1967). The suggestion that Bangla Congress and the Congress could get together to form a government after the present coalition breaks up is far-fetched.

A R C on Economic Administration

 rency is wiped out by demonetisation, it will be soon replaced as long as such points of contact exist between legitimate and illegitimate deals.

Maharashtra and the Bihar Famine

 bone, Indian correspondents, for example, had already been affected by the devaluation and the latest British effort to shore up its pound Will make for further difficulty. Does Britain no longer care for world coverage of its way of life? Or is this move a frank admission that Britain does not consider itself a world power any more? Coming as it does so soon after the increase in fees for overseas students, the rise in Commonwealth despatch rates rouses the suspicion that, even today, Britain's insularity defies all civilised convention.

Setting the Example on Power

MPCC is by and large a united party. But the fact remains that the party has to operate in a State different regions of which are characterised by diverse economic conditions. Western Maharashtra, Rat- nagiri excepted, is well off compared to poor Marathwada. Western Maharashtra, the stronghold of the Marathas, and especially the two districts of Satara and Sangli, has also been in the forefront of State politics. But Vidarbha has staked its claims for a larger share in the State Government, especially in view of the rout of the secessionist elements in the region. And like Vidarbha, Marathwada too has been asserting itself. So tensions cannot be kept out altogether, though they have not come to the surface yet. Already there are gentle ripples. These have been caused both by conflicts of personalities and of regional interests. The first certainly let to the loss of a couple of prestige seats for Y B Chavan and at least -one for Naik. In fact the opposition could have exploited personal conflicts in the ruling party far more if it had been able to avoid triangular contests.

Raising the Marriage Age for Women

March 4, 1967 tern of generation of money incomes is consistent with the Plan objectives and also satisfies demands of equity and "fairness" in income distribution. In concrete terms the major objectives are to (a) generate from domestic income the savings necessary for ensuring non-inflationary financing of investments; (b) adjust domestic demands in such a manner as to minimise the pressure on balance of payments; and (c) narrow the disparities in real incomes between sections of the community and between individuals.

No Misgivings on Cement Decontrol

No Misgivings on Cement Decontrol APROPOS YOUR DELHI LETTER, January 14, 1967, your correspondent is certainly entitled to have second thoughts about the decontrol experiment, but it must be made clear that his assertion that the operation of cement decontrol has run into difficulties is far removed from reality. There are no 'misgivings', as your correspondent would like the readers to believe, either in official circles or among the public, regarding the arrangements that the industry has made to ensure equitable distribution of cement at a uniform for destination price throughout the country.

Where Family Planning Has Failed

December 24, 1966 the Industrial Development and Regulation Act which means that it may be subjected to tight regulation by the State Government.

Do We Deserve Food Aid

Exports Not So Bad THE PERFORMANCE of exports since devaluation can hardly be described as dismal. If allowance is made for the upsetting of contracts and delays in announcing and implementing follow-up measures, exports have done reasonably well in the quarter June-August as compared with last year. True, there has been a decline of 17 per cent in the value of exports as compared with the corresponding quarter of 1965, from $415 mn to $346 mn (the figures are expressed in dollars to make them comparable), but nearly two-third of this decline is accounted for by three countries, Britain, Russia and Egypt, which together absorb roughly one-third of our exports. The share of these three countries in our exports has declined rather suddenly from 37 per cent to 31 per cent. Commodity-wise, out of the decline of $69 mn in earnings, jute accounts for $21 mn, tea $13 mn, tobacco $11 mn, cotton fabrics $9 mn, sugar $5 mn, and engineering goods $1 mn, making a total of $60 mn. Iron ore has remained constant at $16 mn, while leather goods have moved up from $15 mn to $22 mn, and fish from $3 mn to $6 mn.

Reserve Bank Abdicates

November 12, 1966 RBI and Deficit Financing AT A PRESS INTERVIEW in Madras last week the Governor of the Reserve Bank, P C Bhatta- charya, warned the Government against further doses of deficit financing, which has already amounted to Rs 200 crores during the present financial year. The irony of it is that the monetary policy of the Reserve Bank, of which the Governor is the main architect, cannot be absolved of the blame for this level of deficit financing. The figure of deficit financing which he has mentioned obviously does not represent Central and State government borrowings from the Reserve Bank. It is evident from the money supply data in the "Reserve Bank Bulletin" that upto August-end net RBI credit to Government actually declined by Rs 45 crores. What the Governor has in mind is the expansion of Rs 263 crores in commercial bank credit to the Government less the contraction of Rs 45 crores in Government borrowing from the Reserve Bank giving a net deficit financing of Rs 218 crores.


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