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

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Milk of Human Inefficiency

the result of acceptance of advice from others. Devaluation was an example of the latter and the World Bank, it is well known, was the major advice-giver concerned.

Britain and Europe

this prepared the ground for removing price control on the remaining varieties of steel. It is, however, likely that there still will be some readjustment of prices after decontrol becomes effective, with prices reflecting more accurately the balance between supply of and demand for the various items. A case can be made out for allowing the steel companies to retain the margin, but considering the Government's own budgetary position, and funds required for the steel programme in the Fourth Plan, the Government should consider levying an excise duty of about Rs 100 per tonne on the items to be decontrolled, leaving producers free to adjust prices.

Steel Decontrol

 revolutionary mechanism of the ballot box? Political commentators both foreign and Indian have been for once caught napping by the lightning rapidity of this change. Is it a shift to the right or to the left is the question being asked and debated in political commentaries. It is difficult even for doctrinaires to interpret convincingly these developments in terms of a leftward or rightward shift. The one thing which this shift undoubtedly connotes, however, is an anti-Congress swing of an unprecedented sweep and vehemence and an irrepressible desire of the electorate for a change. It is this force which has brought about the downfall of the Congress in spite of its massive electoral apparatus and resources; it is this which has stricken the Congress organisation and Congress- led governments with pathetic instability while the same force has facilitated the rise of loose coalitions of non-Congress parties and conflicting ideological groups to power with surprising ease. The general relief at the defeats of Congress stalwarts and the installation of non-Congress ministeries is a demonstration of the contraction of Steel Decontrol TOTAL removal of price control on steel has been expected for sometime and this week at the meeting of the Import-Export Advisory Council in New Delhi it was officially indicated that the formal announcement will be forthcoming in a few days. The first phase of decontrol of steel products was initiated when (he Government accepted in part the recommendations of the Raj Committee. Price control on bars, rounds, structural (generally non-flat products) was withdrawn and distribution of indents was handed over to a Joint Plants Committee consisting of the main producers and the railways. The old quota system was, however, retained for flat products, mainly sheets, plates, skelp and wide strips, billets, tinplates, pig iron (since decontrolled) and defectives of the the Congress mass base as of the widespread desire for an alternative to the Congress.

Automobile Queues Shorten

this prepared the ground for removing price control on the remaining varieties of steel. It is, however, likely that there still will be some readjustment of prices after decontrol becomes effective, with prices reflecting more accurately the balance between supply of and demand for the various items. A case can be made out for allowing the steel companies to retain the margin, but considering the Government's own budgetary position, and funds required for the steel programme in the Fourth Plan, the Government should consider levying an excise duty of about Rs 100 per tonne on the items to be decontrolled, leaving producers free to adjust prices.

Monarchy s Fight for Survival

 ity in matters like import of components and, therefore, the waiting lists for them have always been small. Now only one leading manufacturer, whose product earlier earned a premium over the controlled price, claims to have a waiting list and that too a short one. The others are actually struggling to utilise their capacity fully.

Shortsighted Control

 ity in matters like import of components and, therefore, the waiting lists for them have always been small. Now only one leading manufacturer, whose product earlier earned a premium over the controlled price, claims to have a waiting list and that too a short one. The others are actually struggling to utilise their capacity fully.

Vorster Changes His Tune

 act of faith with the trade who are capable of vindicating that faith by circumventing and surviving the squeeze. A squeeze on bank credit pushes up the demand for accommodation from the indigenous bankers, shroffs, and multanis, and pushes up the use of grey and black money. And though this, in turn, pushes up the usurious rate of inter- rest to 24 per cent annum, nobody- minds paying it. After all, after a period of six weeks or so, the busy season will have ended, and with it the credit squeeze; accounts will then be adjusted and black money withdrawn with nobody the wiser. So the trade

Prices Untouched by the Squeeze

to collect funds that were witnessed in the wake of the war with Pakistan, only two years ago. The official sponsorship and the organised effort which have on earlier occasions persuaded large numbers of people to forgo a part of their monthly or weekly earnings have been missing this time. And in Bihar itself, those who have travelled there in recent months aver that almost the only Indian volunteers involved in relief work are the Sar- vodaya workers of the Bihar Relief Committee or volunteers of the Raakrishna Mission. For the rest, it is the Christian missionaries and stray foreigners who are the most active.

King Campaigns

 act of faith with the trade who are capable of vindicating that faith by circumventing and surviving the squeeze. A squeeze on bank credit pushes up the demand for accommodation from the indigenous bankers, shroffs, and multanis, and pushes up the use of grey and black money. And though this, in turn, pushes up the usurious rate of inter- rest to 24 per cent annum, nobody- minds paying it. After all, after a period of six weeks or so, the busy season will have ended, and with it the credit squeeze; accounts will then be adjusted and black money withdrawn with nobody the wiser. So the trade

Industrial Planning and Licensing Policy-Summary of the Hazari Report

which South Africa had "traditional sporting ties". Lest there be ground for misunderstanding, he defined these countries as England, Scotland, Wales, Ireland, France, Australia and New Zealand. He specifically excluded West Indies, India and Pakistan which have "all-Coloured" teams

Coal Slurry for Blast Furnaces

 act of faith with the trade who are capable of vindicating that faith by circumventing and surviving the squeeze. A squeeze on bank credit pushes up the demand for accommodation from the indigenous bankers, shroffs, and multanis, and pushes up the use of grey and black money. And though this, in turn, pushes up the usurious rate of inter- rest to 24 per cent annum, nobody- minds paying it. After all, after a period of six weeks or so, the busy season will have ended, and with it the credit squeeze; accounts will then be adjusted and black money withdrawn with nobody the wiser. So the trade

Rhodesia Still Unscathed

 the States and the Central Government, is the need to devise an institutional mechanism which can normalise Centre-State financial transactions. Any such device has to reduce to the minimum the importance of the political element in Centre- State financial relations. The Centre should devise more rational and apolitical criteria to allocate Central assistance among the States. Once this objective is fulfilled, the State Governments, whatever the ideology they profess, would be less suspicious of the Centre. Further, they would have greater autonomy, particularly in deciding their planning programmes.

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