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Dissecting the Tax Structure

Dissecting the Tax Structure Amaresh Bagchi THE most obvious and, understandably, the most notorious fact about India's tax structure is the high scale of direct taxes. All the world knows that India is the "highest-taxed nation'', that here, with the maximum tax rate exceeding 80 per cent, "it pays more to evade tax on Rs 20/than to earn Rs 100/-" and that taxes on income, profits and wealth are killing all urges for growth. Indeed, going by the schedules of personal income-tax

On Irrelevance in Economics of Employment

On Irrelevance in Economics of Employment Bimal Jalan Employment and Unemployment Problems of the Near East and South Asia, Vols I and II, edited by Ronald G Ridker and Harold Lubell; Vikas Publications; 1971.

Ham Handed in Kashmir

Ham Handed in Kashmir Balraj Puri B N MULLIK's book on Kashmir is not just a work of an intelligence officer. In fact, he restrains himself from divulging any startling secrets which he must have possessed as the Director of Intelligence Bureau. He is more interested in interpreting "the events as seen, experienced and comprehended" by him; and he. purports to expound a Kashmir policy, describing at the same time how he tried to work it out.

Black Power vs Power to the People

Black Power vs Power to the People M S Prabhakar The American Negro Revolution : From Non-Violence to Black Power, 1963-1967 by Benjamin Muse; Lalvani Publishing House, Bombay,

On Understanding Caste

On Understanding Caste T N Madan HISTORICAL and sociological works on the Indian caste system by Western scholars have made their appearance with monotonous regularity for over a hundred years. Their number has considerably increased since about 1950. The publication of yet another book on the subject, therefore, hardly calls for special celebration. But when this book happens to be "Homo Hierarchicus" by Louis Dumont, Professor of Sociology of India at the Ecole Pratique des Hautes Etudes of Paris, we have in our hands a most significant contribution to Indianist studies by a scholar of international renown who is equally at home hi the domains of sociology, social anthropology and Indology,1 "Homo Hierarchicus" is an unusual book, unusual in conception, in design, and in execution. It is deserving of our most serious study.

The American Science of Indian Politics-An Essay in Sociology of Knowledge

The American Science of Indian Politics An Essay in Sociology of Knowledge T V Satyamurthy State Politics in India edited by Myron Weiner; Princeton University Press, Princeton, 1968; pp 520. West Bengal and the Federalizing Process in India by Marcus J Franda; Princeton University Press, Princeton, 1968; pp 257.

The Story of Industrialisation

The Story of Industrialisation Bimal Jalan (1) Industry and Trade in Some Developing Countries: A Comparative Study by Ian Little, Tibor Scitovsky and Maurice Scott; Oxford University Press, pp xxii + 512.

Caste and Politics

1. Basant Ram & Sons, New Delhi 2. R. Anmol & Company, New Delhi PRINCIPAL BROKERS Lewis & Jones, Bank of Baroda Building, Apollo Street, Bombay L Place, Siddons & Gough (P) Ltd., 6, Lyons Range, Calcutta 1.

Ideology of Consensus

"In politics, not in economics, is found the creative dialectic of oppo- sites: for pontics is a bold prudence, a diverse unity, an armed conciliation, a natural artifice, a creative compromise and a serious game on which free civilisation depends; it is a reforming conserver, a sceptical believer and a pluralistic moralist; it has a lively sobriety, a complex simplicity, an untidy elegance, a rough civility and an everlasting immediacy; it is conflict become discussion; and it sets us a humane task on a human scale. And there is no end to the dangers that it faces: there are so many reasons that sound so plausible for rejecting the responsibility and uncertainty of freedom .

Economists Case against Liner Conferences

Economists' Case against Liner Conferences S N Sanklecha ALTHOUGH in recent years the freight rates and practices of the liner Conferences have been the subject of quite a few studies, there is a dearth of studies on economics of liner service pricing. Esra Bennathan and A A Walters, who are economists with a background of shipping economics, are therefore to be congratulated for bringing out a valuable study on the subject.* Although the title of the book is "Economics of Ocean Freight Rates", the book deals with the economic principles on the basis of which freight rates under the cartels of liner shipping companies are fixed. The world shipping industry is divided in two distinct sectors. One sector sells its shipping services on the open market under conditions of competition and includes in its fold the fleets of conventional tramps, bulk carriers and tankers. The other sector, which consists of fleets providing liner services, is controlled by Conferences of liner shipping companies on various trade routes. The freight rates in this cartelised sector are set by the Conferences. The two sectors arc not wholly water-tight because there is scope for some substitution at the margin on the supply side (supply of shipping services) as well as on the demand side (demand for shipper services) between the two sectors.

Indo-Pak Relations

February 25, 1967 This has suddenly been thrown again into the centre of the political stage. For all the good and unassailable reasons for withdrawing troops from Germany to offset the currency costs, there is still the crucial political question to answer. How can Britain threaten to withdraw troops from the Rhine when Wilson, the Prime Minister has gone to Bonn to solicit German support for Britain's entry into the Common Market? As long as the Common Market negotiations are in the offing Germany has a cudgel to extract the maximum of REVIEW ARTICLE Indo-Pak Relations c s NO FLIGHT of flocks of doves on the Indo-Pakistani skies marked the first anniversary of the Tashkent Agreement. The Soviet-inspired thaw remains frozen somewhere between non-hostility and non-friendship. Between India and Pakistan the wall of suspicion and fear stands as granite-strong as ever. In both countries, Governments have been exposed to a rising crescendo of internal problems; statesmanship has faltered on the frontiers of a shaky status quo, taking comfort from the fact that if relations have not improved, they have not markedly deteriorated either. At any rate, the borders have been on the whole quiet and Kashmir untroubled


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