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

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Agriculture-Industry Nexus

Agriculture-Industry Nexus Bhabatosh Datta Agricultural Growth and Industrial Performance in India by C Ranga- rajan; Research Report 33, International Food Policy Research Institute, Washington DC, 1982; pages 39.

THE ECONOMY- Fiscal Controls and Socialist Planning

February 11 1984 why should not the goverment of India share the evidence it possesses and hold consultations with leaders of all political parties; unless it is argued that the non-Congress leaders are less patriotic? But what can be more un- patriotic in such a situation than the game of character assassination of the popular leadership of the state, creating misgivings about the loyalty of Kashmiri Muslims in the rest of the countrymen, prescribing subjective and extra stringent tests of patriotism for them and their leaders and demoralising and destablising the state government and its administration?

A Jamshedpur Model

elucidate "the students' own political outlook and their parents' political loyalties in relation to the family, social and economic background". The method is no doubt definitely an advance on the statistical exercise. However, we are puzzled to find that 33.5 per cent of the students expressed their voting preference for Kerala Congress in the area surveyed (p 350). CPI(M) comes a distant second with 22.6 per cent and Congress third with 20.2 per cent of the youth voting preferences. The data presented earlier in the book will reveal that in the area surveyed. Kerala Congress is not a significant electoral force. As for the influence of Kerala Congress among the high school students in this area is concerned it is virtually non-existent.

Monetary Policy Stances and Strokes

Monetary Policy: Stances and Strokes Bhabatosh Datta Monetary Policy in India: Issues and Evidence by Anoop Singh, S L Shetty and T R Venkatachalam; supplement to the Reserve Bank of India Occasional Papers, Vol 3, No 1, June 1982; Reserve Bank of India, Bombay, 1982; pp 133, price not stated.

Miles to Go

Miles to Go THE World Bank has recently been sponsoring a series of studies on the financial institutions in a number of developing countries, of which C Ranga- rajan's book is a valuable constituent There have been other studies on Brazil, Sri Lanka and the Philippines, and on India there are, in addition to Rangarajan's, at least two other completed research reports

Encroachment of Ideas

Development Perspectives: Problems, Strategy and Policies by V V Bhatt; Pergamon Press, Oxford; pp 313, $ 50. WHEN an economic theorist turns into a development banker and writes with equal facility in both his intellectual and professional areas, the reader's expectations are naturally high. The latest collection of essays written by V V Bhatt over the last three decades satisfies these expectations to a great extent. It is no criticism of the collection if the reader feels his appetite sharpened by what he gets and therefore feels impelled to raise a set of questions, to which a writer like Bhatt can give concrete answers.

Demotion of the Budget

Bhabatosh Datta not come through the budget arc matters of discussion in all consultations and it is particularly true when the special 'consultations' are deeper than the usual annual rituals. Industrialists can wait in hope. The processes dear to their hearts have started and they will continue.

Money Omnibus

Money Omnibus Bhabatosh Datta Money and Monetary Policy in Less Developed Countries: A Survey of Issues and Evidence edited by Warren L Coats, Jr and Deena R Khatkhate; Pergamon Press, Oxford, 1980; pp 827, price not stated.

Storm over English in West Bengal

Bhabatosh Datta In the high-pitched controversy in West Bengal on the place of English in the primary school course, there has been almost complete indifference on both sides to the real problems of schools

Patchwork on Economic Policies

Bhabatosh Datta India's Economic Policies, 1947 Publishers, New Delhi, 1980; pp THE publishers' blurb on the dust cover states that the collection of papers has been "designed as a textbook for Honours as well as Post- Graduate students of Economics throughout the country and as a refer- ence book for researchers and admi- nistrators both in India and abroad". The editor must have faced tremen- dous difficulty in attempting to provide a bill of fare that would satisfy all these customer groups. The book will be certainty useful to students in universities, but one hopes that researchers will not turn to it for reference, ignoring the primary sources that are easily available. The statistical data given in the papers are not planned in any systematic manner, each contributor having been left free to choose his own method of presentation. Even in regard to reading lists and references, there is no uniformity and some of the writers have not considered reading lists necessary at all. There is evidence of hurried editorial work in the form of overlaps and glaring gaps. For example, there is very little on the banking structure. Though there are papers on trade policy and on exchange rates, there is no analysis of the balance of payments as a whole. There is no paper on the national income and its distribution. On the other hand, there are two papers on fiscal policy and the essays on agriculture encroach upon one another. Editorial slackness appears in the refer- ence to Pranab Bardhan and P K Bar- dhan as two different "persons and so also to Jagdish Bhagwati and J N Bhagwati. One H L Dantwala has taken the credit for M L Dantwala in two places.

Debt without Development

Bhabatosh Datta International Indebtedness and the Developing Countries by George C Abbott, Vikas, New Delhi, 1980; pages 312, Rs 125. GEORGE C ABBOTT's book combines three important parts, each of which is based on an intensive study of facts linked together by a central thesis on the relation between international indebtedness and development. More than half of the book is devoted to a detailed factual analysis of the size, structure, sources, distribution and terms of the loans that have flown from the developed countries to the developing ones, bilaterally or multilateral ly. The historical exercise goes back to the nineteen twenties and particularly to the reparation obligations of Germany and the war debts of the Allied Powers in Europe. The differences between war debts and the later development debts, as well as their similarities, are clearly brought out. The two major problems of the debtor countries

Framework for Credit Planning

Bhabatosh Datta Framework for a National Credit Plan edited by S L Shetty, National Institute of Bank Management, Bombay, 1979; pp 256, Rs 50, COLLECTIONS of seminar papers are generally like the curate's egg, unless the editor has the courage of weeding out the pedestrian or indifferent pieces. It is a pleasure to be able to say that the papers read at the Seminar on Credit Planning organised by the National Institute of Bank Management in July 1978 are almost without exception of a level that is not always reached. It is easy to be vaguely persuasive about anything that has 'planning' as its sub- ject-matter and sometimes the plea for planning serves as an alibi for precise thinking and detailed analysis. It often seems enough just to hold that credit, like other instruments of policy, has to be planned, but it is rare to find the character and contents of credit planning examined in depth on the background of the planning of the economic process as a whole.

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