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

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CAPITAL VIEW- The Merry-Go-Round

In this kind of functioning, it is possible, of course, that West Bengal should experience difficulties with allotments of foodgrains from the Central pool for its public distribution system and food-for-work programme because the Union Agriculture Minister is annoyed with the West Bengal government for not showing due courtesy when he visited that state. This has been stated in a knowledgeable report, But questions of larger public policy cannot be decided by such personal pique and annoyance. The real and ominous position is that in such an environment, only those interests which have influence over and access to the power establishment for whatever reasons and with the use of whatever means

Rural Credit Market in a Backward Area

A Kerala Fishing Village J Ph Platteau J Murickan A Palatty E Delbar This paper, based on fieldwork in a traditional fishing village in South Kerala, attempts to understand the working of rural credit markets.

Inter-Regional Variation in Calorie Intake

P G K Panikar The National Sample Survey Organisation has recently published estimates of calorie intake for 1971-72 and 1973-74 based on the results of the Twenty-sixth and Twenty-eighth Rounds of the NSS. According to these estimates, the per capita intake of calories in 1971-72 for the country as a whole was considerably lower than the level in 1961-62; though the national average registered some increase by 1973-74, it was still much below the level in 1961-62. The extent of decline in calorie intake has however varied significantly between different regions.

The Economy and Political Stability

THERE is a view gaining ground that the Indian economy is basically sound and that if its growth potential is not being fully realised the reason is to be found in the prevailing political situation. The relatively large foreign exchange reserves and stocks of food- grains are adduced as evidence of the strength of the economy. It is argued how in the past shortages of foreign exchange and food had repeatedly emerged as the major constraints on the economy, coming in the way of higher investment and more rapid growth. The economy, it would thus appear, is at last rid of these long- term constraints on growth. It is also pointed out that the overall rate of saving has been quite satisfactory in the last few years. If, nevertheless, the level of planned investment has been nothing much to write home about, if growth of industrial production has been relatively tardy and if now inflation has been added to the list of problems facing the economy, the responsibility is sought to be pinned on the indecision and wrong decisions of the political leadership and its inability to impose a minimum level of 'discipline

Agricultural Planning and Policy in Draft Sixth Plan-Will Farmers Fulfil Planners Expectations

This paper examines the methodological procedure followed by the Planning Commission for prescribing the target levels of agricultural output in the Draft Sixth plan. It is argued that the procedure followed is inadequate for a number of reasons, and that for a satisfactory matching of plans and policies an understanding of farm supply responses is essential.

Agricultural Resources in Underdeveloped Countries Competition between Man and Animal

Almost simultaneously with the Green Revolution, that widely publicised strategy designed by the United States to 'wipe out hunger' in the poor countries by modernising crop production, great quantities of capital and technology, mainly from the United States, were transferred to the ranching sectors of underdeveloped countries, particularly those located in tropical and sub-tropical areas, for the expansion of beef cattle production.

CAPITAL VIEW- Cabals and Coalitions

his life's ambition, by turning the political life of the Capital into something resembling the spectacle of Haryana's floor-crossing, double-talking and horse- trading, but his ambition will be shorts lived if he does not curb his aberrations. Already, there is much criticism in the press and among the public of the decision to entrust the Government of India to a party of unstable defectors dependent on a number of "outside'' forces. Such a government can become the instrument for all manner of intrigue and conspiracy. Clearly, the way the vote divided, it was mandatory to order a mid-term coIl. The President will be held responsible for what unfolds in the critical months ahead.

Game of Elections

and the rural rich, which is increasingly coming into the open. Given mass poverty and the growing reliance on chemical inputs which has raised the costs of cultivation, government price support at rising levels of support prices has become an accepted means for the larger farmers to sustain their profits. The result is the rising food subsidy paid out of the government budget every year. The industrial sector too has to be subsidised and for the same reason. And so the government now hands over more than Rs 1,500 crores annually to industrialists, businessmen and rich agriculturists in the form of the food subsidy, the fertiliser subsidy and the THE great game of elections is once again on. Fresh elections to the Lok Sabha are to be held "before the end of December", and it is possible that some states too might go to the polls. 1977 was an election year when the unbroken rule of the Congress party was broken and a different, though basically not dissimilar, alliance replaced the Congress at the Centre; that phenomenon was repeated later in the year in the northern states and in the following year in much of the rest of the country. Now, another year and a half later, the nation is once again being asked to elect a new Lok Sabha.

Indian Planning in the Eighties

An attempt is made in this paper to (a) estimate employment in the Indian economy in 1977-78 (the base year of the Draft Plan, 1978-83); (b) estimate the relationship between output growth and employment growth on a sectoral basis; (c) examine the employment potential of the development effort on certain 'reasonable' assumptions of alternative growth possibilities in the future; and (d) introduce considerations of alternative regional development categories in the agricultural sector and of institutional change, particularly land reforms, and examine their impact on the generation of employment potential.

Monopoly Capital, Private Corporate Sector and the Indian Economy-A Study in Relative Growth, 1931-76

India has never been through a period of competitive capitalists In the past foreign dominations, feudal relations in agriculture, lack of incentive for domestic industries, and the existence, often with the encouragement of the colonial power, of a host of monopolies (local, regional or national) in trade and finance, constituted effective barriers to the emergence of capitalism.

NEW DELHI- Conflicts Come into the Open

leaders and their dismal hangers-on. And we will have to accept reasonable constitutional flexibilities to underpin such a government pledged to a programme of reform and restructuring. What are the crucial tasks which have to be launched if chaos is not to take over? Minimum management, the ensuring of productivity, controlling prices, implementing electoral reforms to reduce money-power, and laying the foundation for a reorganisation of the states. There's enough here to keep a government busy, and working overtime. While political parties need to concentrate on activising their organisation at the grass-roots, now disrupted and decaying, they would have to apply their minds to a whole lot of political and economic cliches which they have never analysed or understood in the context of democratic functioning. There is enough political and economic experience in the country to permit a government of national unity to introduce the new disciplines through persuasion and agreement.

On the Question of Home Market and Prospects for Indian Growth

The demand problem in the Indian economy is much better viewed as an important tendency that has got built into the system rather than as a projection of the experience of the last few years.


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