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

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Calling the British Soldier Home

scheme of steel decontrol but, characteristically, no attention was paid to the matter. So the organisation has continued, spuriously justifying its existence by engaging in issue of import and export licences for steel. But since export requires promotion, not licensing, and the function belongs to manufacturers or traders or MMTC, the Steel Controller's intervention is superfluous. And so far as imports are concerned, the policy of liberalisation without excessive pre-occupation with indigenous clearance' has cut the ground from under the Controller's feet.

Epitaph on Steel Control

August 5, 1967 Inevitably the Report pays obeisance to the efficacy of more commissions and committees. Thus a high power industrial commission becomes a useful substitute for action. It is also suggested that an annual evaluation report on the Plan to Parliament would "enable Members to have more informed discussions and offer constructive suggestions which would no doubt prove of great value to the Planning Commission and the Government in finalising the contents and strategy of the Plan for the following year". But surely the Committee's draftsmen have slipped up, for one looks in vain through the report for a recommendation for drawing up annual Plans the performance of which could then be evaluated.

Industrial Licensing for the Undergraduate

top leadership of the Congress signs of an imminent rupture. A degree of mutual tolerance among the groups is enjoined by the fact that the defection of any one of the factions would be enough to upset the applecart of Congress power in New Delhi. There is also another limiting factor in operation which does not apply in the case of State politics. That is the absence of even loose unity among the Opposition groups in Parliament. Differences on domestic and international issues between the Left wing and Right wing MPs is sharp leaving little room for a Cha- ran Singh or a Rajmata to do the trick.

Search for Sulphur

crores to Rs 32 crores or by about 10 per cent. Light engineering is the largest small industry borrower, at Rs 21 crores, followed by textile (Rs 11 crores) and metal products (Rs 8 crores). More than 50 per cent (Rs 16 crores) of credit to co-operatives is extended to financial institutions (which incidentally accounted for the whole of the decline between 1965 and 1966), followed by processing societies (Rs 7 crores) and industrial co-operatives (Rs 4 crores).

Regional Imbalances in Maharashtra

parties who, in the present situation, would be compelled to oppose the move. If so, Congressmen have miscalculated, and events in Ma- dhya Pradesh amply demonstrate that the tables have been turned on them.

Putting the Screws on Cement

 ports. But one of the things devaluation and liberal imports were expected to achieve was the introduction of price competition in the economy to remove over-protection in the economy brought about by quantitative import restrictions. Nevertheless, Fakhruddin Ali Ah- med has been sufficiently impressed by the vehemence of the protests to promise the Lok Sabha a second look into the import licences issued.

Prices Privileges

 the lag is much longer, between 5 and 6 years. Thus the 1963-64 data on corporate incomes as presented by the income tax statistics perhaps includes mainly assessments for the years 1957 and 1958. This conclusion is further strengthened by the fact that right up to 1963-64 the ratio of tax to income assessed in respect of corporations ranged between 48 and 49 per cent whereas according to company finance data the ratio declined from 18 per cent in 1957-58 to 46 per cent in 1958-59 and 37-38 per cent in the next two years (due to the change in the method of taxation) and then rose again to 53 per cent in 1962- 63. The decline in individual incomes from business and professions and from dividends during 1962-63 and 1963-64 as presented in the income-tax statistics also seems to be explained by the fact that the time lag involved is about 5-6 years.

Not Easy Sailing

guiding the necessary investment and expansion on cost considerations, and through selective lifting of stocks to supply the remote and backward areas. The public sector Cement Corporation. which has done excellent survey work and can set up viable units in time, can give the lead by stepping in to bridge the gap in demand at competitive prices. Many private projects are at various preliminary stages of preparation and the best time to decontrol might be when they are well on the way.

Negro Demands

 been reported even in the mining of pyrites. The Indian Chemical Manufacturers Association recently approached the Government with an offer to help in the mining of pyrites, but the Government holds that exploitation of natural resources is a State monopoly and that no private parties can be entrusted with the job. The negotiations have not been closed, however, and further discussions are scheduled to be held soon. Meanwhile, the Association's experts are known to be drawing up a scheme for extracting sulphur from garbage, sewage and other waste matters.

Need Tax Statistics Be So Confusing

guiding the necessary investment and expansion on cost considerations, and through selective lifting of stocks to supply the remote and backward areas. The public sector Cement Corporation. which has done excellent survey work and can set up viable units in time, can give the lead by stepping in to bridge the gap in demand at competitive prices. Many private projects are at various preliminary stages of preparation and the best time to decontrol might be when they are well on the way.

De Gaulle s Gaffe

crores to Rs 32 crores or by about 10 per cent. Light engineering is the largest small industry borrower, at Rs 21 crores, followed by textile (Rs 11 crores) and metal products (Rs 8 crores). More than 50 per cent (Rs 16 crores) of credit to co-operatives is extended to financial institutions (which incidentally accounted for the whole of the decline between 1965 and 1966), followed by processing societies (Rs 7 crores) and industrial co-operatives (Rs 4 crores).

The Investors

 the lag is much longer, between 5 and 6 years. Thus the 1963-64 data on corporate incomes as presented by the income tax statistics perhaps includes mainly assessments for the years 1957 and 1958. This conclusion is further strengthened by the fact that right up to 1963-64 the ratio of tax to income assessed in respect of corporations ranged between 48 and 49 per cent whereas according to company finance data the ratio declined from 18 per cent in 1957-58 to 46 per cent in 1958-59 and 37-38 per cent in the next two years (due to the change in the method of taxation) and then rose again to 53 per cent in 1962- 63. The decline in individual incomes from business and professions and from dividends during 1962-63 and 1963-64 as presented in the income-tax statistics also seems to be explained by the fact that the time lag involved is about 5-6 years.

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