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

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MONEY AND BANKING- Slack Demand for Credit

Slack Demand for Credit THERE has been acceleration in the expansion of money stock M1 both in absolute and percentage terms in the current financial year upto October. M1 recorded an increase of Rs 1,492 crore or 3.4 per cent. The expansion in M1 was shared by currency and deposits in the proportions of 70.4 per cent and 29,6 per cent respectively. the respective proportion in the comparable period of last year were an expansion of 180 per cent in currency and a fall of 80 per cent in deposits, especially other deposits with RBI. M3 grew by Rs 9,078 crore during April-October, Rs 1,013 crore more than the growth recorded in the first seven months of the last fiscal Year (Table 1). A lower growth in time deposits of 10.2 per cent as compared to 12.4 per cent last year brought down the rate of expansion in M3.

MAHARASHTRA- Shiv Sena Enters Rural Politics- Campaign against Dalits in Marathwada Villages

MAHARASHTRA Shiv Sena Enters Rural Politics Campaign against Dalits in Marathwada Villages S L and W S WITHIN a few weeks of winning the Bombay municipal elections, in 1985, the Shiv Sena had put up posters all over the state announcing, ''.., and now the race of Maharashtra.'' The city-based party has since then put up branches in villages throughout Maharashtra; it is said that there are more than 800 in Marathwada alone. The party's signboard with its tiger's head has become ubiquitous.

Keeping the Nuclear Option Open- What It Really Means

Keeping the Nuclear Option Open What It Really Means Ivan Fera Kannan Srinivasan ON November 4, immediately upon recent reports of Pakistan having tested a nuclear device, Raja Ramanna, chairman of the Atomic Energy Commission (AF-C), called a press conference. India, Ramanna announced, had developed the capability to enrich uranium upto any level

New Impetus to Indo-Soviet Economic Ties Gorbachev s Delhi Visit

New Impetus to Indo-Soviet Economic Ties Gorbachev's Delhi Visit R G Gidadhubli WHAT is the outcome of the visit of Mikhail Gorbachev, general secretary of Communist Party of Soviet Union (CPSU) with regard to Indo-Soviet economic cooperation and trade? What will be the economic gains for India? Will it make any qualitative difference to the economic relationship between the two countries? These and many related questions will be taken up by analysts to examine the likely impact and consequences of Gorbachev's visit to India's economic relations in the years to come.

Trade and Pricing Policies in Agriculture- Report of a Seminar

in the country for some imminent and crucial resolution. Particularly around May last year, official pronouncements on the issue came thick and fast. On May 4, the AICC, in passing its international and political resolutions, took a pledge "to fight divisive forces, and to meet the security threat posed by Pakistan". The pledge followed a widely quoted assurance by the prime minister of the government's readiness to take all measures to meet the threat, in the face of Pakistan's efforts to acquire a nuclear capability. To political commentators in the country, the meaning of his assurance was clear

Women and Violence

i e, Rs 150 crore less than in 1986. While this step will help the USSR to reduce the trade gap, many Indian exports to the USSR will be affected in 1987.

Peasants and Women-Challenge of Chandwad

Challenge of Chandwad Gail Omvedt THE small taluka town of Chandwad, on a drought-hammered plateau beneath the imposing Deccan cliffs, was the scene on November 9-10 of what may have been the biggest women's meeting, certainly the biggest rural women's meeting, in Indian history. With nearly 5-8,000 women for the delegates' sessions and 25,000 women and three to four times that many men for the open session, the "women's session" of the Shetkari Sanghatana marked both a new phase in the women's movement and the first organisational turn of the Sanghatana away from its One-point programme of higher crop prices.

NEW DELHI-If We Can t Export Goods, Let s Export Capital

NEW DELHI If We Can't Export Goods, Let's Export Capital BM THE workshop for a mid-year review of the economy organised by the Associated Chambers of Commerce and Industry (Assocham) this year attracted more attention than such reviews under its auspices have done in the past. Assocham was till recently a body essentially of FERA companies.. It is now hoping, in the wake of defections from the Federation of Indian Chambers of Commerce and Industry (FICCI), to acquire a wider base and become a more influential body of business interests, Indian and foreign, in the country, Interesting in this context were the views and sentiments, hopes and misgivings which were articulated at the workshop. There was, of course, total unanimity in favour of the liberalising trends in official economic policy which had widened the opportunities for private business enterprise. A retired secretary to the government, S Bhoothalingam, applauded the government for adopting pragmatic policies which, according to him, were by definition policies which worked. S R Sen, a reputed international civil servant, also retired, was more emphatic and proclaimed that pragmatists had always triumphed over ideologues and that alone was guarantee that there would now be progress in India. However, the workshop revealed strong reservations and misgivings about the present state of the economy and the prospect of advances in the coming years. These reservations and misgivings were articulated at the workshop most clearly and emphatically by a leading businessman, Charat Ram.

PUNJAB-Leftists Meet the Challenge

could ask for. He proclaimed that the government was considering import of items manufactured by joint ventures abroad with a view to encouraging them. Indian businessmen must have found great encouragement when Dutt informed them that the government had revised the guidelines for such ventures in order to ensure that competent Indian companies

MAHARASHTRA-Shetkari Sanghatna Confronting Women s Issues

November 22, 1986 an easy outlet for their unaccounted wealth. They were not interested in films as such. They had no ideals and scruples. Their main objective was to make money at any cost. Unfortunately, the new generation of artistes, directors and technicians who entered the films at this stage also fell prey to this philosophy. The earlier institutions with ideals disintegrated before the flood of new money, independent producers sprung up, all values were thrown to the winds and films catering to prurient tastes began to be dished out. The government did little to arrest these trends. As in the times of the British, even after independence, films remained a part of the home ministry. No special attention was given to this medium despite it having so much power to influence people's minds, specially of the youth. The industry was allowed to function in a chaotic manner without any direction, eventually bringing it to its press pass. The only occasion when our government cast its eyes on the film industry in those days was when it imposed some new tax on it.

The Film Bandh and After

The 'Film Bandh' and After HC DURING the past few years a new type of business has made its appearance in the commercial field, that of leasing machinery to meet the requirements of a whole industry, the cost of which at times run into many lakhs of rupees. As lease is not sale, such transactions do not attract sales tax. To bring such transactions within the ambit of the sales tax, the Maharashtra government introduced an act called the Maharashtra Sales Tax on Transfer of Right to Use Any Goods for Any Purpose Act, 1985, and brought the film industry within its purview. The act became effective from October 1,

Deaths in Police Custody Whom and Why Do the Police Kill

Deaths in Police Custody: Whom and Why Do the Police Kill? K Balagopal WHEN a person is beaten to death in police custody, the very event, even without the need of any propaganda, generates an image which retrospectively justifies it: the victim would not be beaten so badly if he/she were not a 'desperate' criminal or an otherwise dangerous individual. The police usually add their flourish to the image by describing as the victim's crimes all the charges they have written down in the FIR, some of them even perhaps as an afterthought necessitated by the very death. And when a scholar like Upendra Baxi ("The Crisis of the Indian Legal System") manages to arrive at the conclusion, unsupported by any evidence on exhibit, that custodial violence is used not invariably but rationally or 'judiciously' (a particularly inept choice of a description) by the police in the course of the investigation of crimes, the image acquires respectable solidity: it would not be a very judicious use of torture that beats to death a mere drunkard or pickpocket or prostitute, would it?

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