Articles by D Ghosh

October 7, 1972 weak units, market conditions, etc. Banks should then take into account growth potential, future revival of market conditions, etc.

Doing without Aid D Ghosh INTERNATIONAL philanthropy has been on the decline in recent years and India, as the largest recipient of foreign aid, is faced with the problem of doing without it with as little damage to its national economy as possible. The purpose of this note is to analyse the problem and to discuss its solution.

of the population: crash programme for rural employment, minimum wage guarantee schemes, scheme for the small farmers, marginal farmers and landless labourers, for soil and water conservation, for custom service needed for the new technology and for credit and input supply? This would be more genuine evidence of one's so cialist faith than merely trampling on the monopoly houses. There is no need to 'stand economic theory on it head' for reduction of poverty. It is more a question of economic workmanship, ideological orientation and, above all, empathy for the poor, which the Father of the Nation vainly tried to instil in our political leadership.

In the short period, the scope for employment in any economy is defined by the amount and variety of the capital equipment that is available to co-operate with labour in producing the national output. There are, however, two ways in which employment may be increased even in the short run. First, the existing capital equipment can be used more intensively; factories may work more than one shift and machines may be worked longer hours. Second, a lot can be done to extend employment in old labour- intensive industries and to discover new areas of labour-intensive production.