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Inefficiency of Public Sector-Political Defence Is Misleading

Inefficiency of Public Sector Political Defence Is Misleading THE public sector (excluding railways) is a tender plant, dating back less than 15 years. Yet, even when confined to spheres in which the private sector has had neither the ability nor the resources to enter, it has always been under attack from the powerful, spoilt and not-more efficient private sector and by the Press which is controlled by more or less the same interests.

Options Muffed

Options Muffed G S Bhargava THE External Affairs Minister statement in Parliament on the Sino-Soviet border clashes and the sharp reaction it evoked from Peking have eliminated the chances, if there were any, of normalisation of Sino-Indian relations. Ever since the Prime Minister indicated, at her New Year Day press conference, India's willingness to negotiate with China without any preconditions on either side, there was speculation, if not hope, of a dialogue with China. We were scanning the horizon for reciprocal hints from Peking. The presence of Chinese diplomats at receptions in Kathmandu and Rangoon for the President and the Prime Minister was noted and even commented upon as a likely straw in (he wind. Now the slate has been wiped clean and our relations with China seem to have reverted to the state in which they were

Easy Money Euphoria

Easy Money Euphoria Manavendra SIGNS of industrial revival and plentiful money supply seem to have made the authorities oblivious to the wider dangers of stagnation. There arc at least three clear indications of these new trends. First, plentiful money supply is an index of the existence of large unutilised capacity in industry. Second, after several weeks when the price index was between 1 and 2 per cent lower than in the corresponding weeks of the previous year, the price level has begun to rise again, even faster than last year (the wholesale price index for the week ending March 22, 1969 was 5.4 per cent higher than for the corresponding week in 1968). Third, States have "planned" for massive deficits in their budgets.

South-East Asian Security

ciples unanimously agreed upon in the legislators' accord of January 19. Clarifications were given by the State Government on various points he raised

Long Haul Ahead

March 1, 1969 86 seats, compared to 25 in 1967. This was very largely the result of the fight between SSP and CPI (most of the losses being suffered by SSP).

Central Budget Adjusted Dilemma

February 22, 1969 tion by the students. It is common to spend more time and energy discussing what to do than implementing the final decision. There is also the danger, so far not very serious, that the different groups within the movement might get preoccupied with their own activities and that the movement may thus lose its unity. The most active faculty is, not very surprisingly, the Philosophy Faculty of Charles University which is Czechoslovakia's oldest and most prestigious educational institution. In the Czech system, this faculty contains such disciplines as sociology, political science, psychology, and most of the humanities. Engineering and economics students have also been involved, but on a less active scale.

New Bearings for Rail Bhavan

February 15, 1969 Chalapathi has said that he had "refused" the award in 1967 but had "allowed" himself to be persuaded to accept it in 1968. And he added; "I have regretted my decision since then. I see no point in carrying the burden of a distinction which I may not deserve and which is meaningless to me as an incentive." Chalapathi has added that in his opinion journalists, especially active journalists, should not seek or accept recognition of a kind "which might be even a remote encroachment on their freedom in a sphere of many dimensions in which distinction cannot be defined".

Farakka Talks Sixth Round

ting some exclusive information, howsoever trivial. Take, for instance, S Nihal Singh's report on the Soyuz-4 and So- yuz-5 docking. According to him, when Soyuz-4 docked with Soyuz-5 the former was heard to remark, somewhat earthily, that it had "Raped, Raped!". The dialogue between Soyuz-4 and Soyuz-5 and Ground Control had initially been fed directly to Russian TV but, reported Nihal Singh, "the offending words were chopped off the videotape in subsequent showings''. On:; wonders what American cosmonauts would have said in similar circumstances and whether such earthy remarks, if made, would have been as swiftly censored.

Decline of the Big Five

Decline of the Big Five ALTHOUGH it is too early to say what their full implications for the future of world politics will be, it is quite clear that the momentous events of 1968 will lead to some structural changes in international society. It was in 1945 that the victorious powers of the Second World War gave to the world a system based on the concept of the predominance of five great powers. It is only in 1968 that events have raised the question of how far this system is based on a realistic assessment of the political, economic and military power of the Big Five. For, whether it was the US experiences in Vietnam or the Soviet suppression of Czechoslovakia, the youth upheaval in Paris or the withering away of the Chinese Cultural Revolution, the monetary crisis in Europe or the domestic turmoil in United States, the reassertion of neo-Stalinist forces in Soviet Union or the British decision to withdraw from East of Suez, the one common lesson that all these events yielded is that the Big Five have lost the moral authority and the sheer physical power needed to guide and lead the rest of the world.

Consensus against IMF Regime

Consensus against IMF Regime Jagdish N Bhagwati THE recent crisis in the international monetary system has led to much speculation among academic economists here [United States] as to the future course of action. The number of economists in this country who have explicitly discussed the advisability of shifting eventually to a system of flexible exchange rates is considerable. Indeed, the only prominent international economist who continues supporting the regime of fixed rates is Charles Kindleberger. Even Paul Samuelson, who clearly cannot be described as a market-dominated economist, was on television on the night before de Gaulle turned around and refused to devalue the franc, and talked rather explicitly about the recent crisis providing the vantage point for the new US administration to begin thinking seriously about moving away from the IMF regime. The crisis has thus seemed to bring economists of totally different political and economic persuasion to converge steadily onto the view that the Bretton Woods system has outlived any utility it might have had in the post- War period.

In Law and By Law

In Law and By Law Ottuketkal THE statement of Morarji Desai on November 20 in the Lok Sabha on the cornering of Indian Iron shares by Ramnath Goenka, newspaper magnate, shows the extent to which he is willing to compromise Government in his bid to woo special interests (for the background see "Moving Spirits", October 26, 1968, p 1643). The avowed purpose of Morarjt's statement was to show that Government had all along been alert to Goenka's doings and that nothing illegal had transpired. There was no connivance of the Reserve Bank, he said, in Goenka's bid to support his purchases with bank credit. Morarji thereby succeeded in establishing in the public mind that Goenka enjoyed his special protection and that the Finance Ministry's your most obedient, etc,

Ayub Regime Challenged from Within

Ayub Regime Challenged from Within Mohammed Ayoob THE past few weeks have been particularly difficult for the Ayub regime in Pakistan. It has had to face a barrage of hostile criticism. Not that the Ayub regime, in spite of its quasi-dictatorial nature, has been completely free of criticism before. What makes the present situation unique is the fact that the criticism has now begun to come even from within the establishment. New techniques have been used in the past few weeks to give vent to the feeling of disenchantment with the Ayub regime in certain quarters.


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