Articles by D T Lakdawala

D T Lakdawala The budget for 1991-92 by itself, if stuck to, will prove less inflationary than last year's but it has to be taken along with the impact of devaluation, the need to increase the export quantum, the pressure of increased costs on the prices of products, the likely increase in procurement prices of foodgrains, the lag effects of past inflationary pressures and the impact of the weaker monsoon.

Federal Financial Transfers How Much Progression?
D T Lakdawala FEDERAL financial relations in India are a much discussed and debated subject. This bunch of eight studied essays on this subject by two eminent scholars of public finance and fiscal policy at this critical juncture when both the Ninth Finance Commission and the Planning Commission in its preparation for the Eighth Plan find themselves face to face with a severe resources crunch is welcome. Gulati has acquired considerable fiscal experience in his wide ranging associations with the Kaldor Report, the Sixth Finance Commission, several state taxation committees, and now as deputy chairman of the Planning Board, Kerala state. George is a member of the Expenditure Commission, government of Kerala and has acquired a reputation as a writer on fiscal affairs with tremendous patience for painstaking research. Their views are, therefore, entitled to deep consideration.

D T Lakdawala Expenditure on the Plan is indicative of the new thrusts to mould the economy in such a way as to yield desired results. It is, therefore, important to examine the 1986-87 Budget from the viewpoint of the Seventh Plan.

D T Lakdawala There was an idea at one time of bringing out a detailed assessment of the working of the Annual Plan during the budget session, preferably along with the Economic Survey. An ambitious effort had made in the Planning Commission to start the work of annual forecasting, but it seems to have been given up. The budget contains, as one of its components, a 'Plan Budget' and a table is given about the broad allocations of state plans in the document 'Budget at a Glance, There is a danger that such fragmentary information put together may give only a rather partial and somewhat distorted picture of the Plan, but the risk is worth taking.

raw deal. They do not fight the police out of frustration, or at least not out of some immediate frustration. Today they can only be described as a section of the working class which finds itself unwilling to walk Britain's meritocratic treadmill of school, humble work and dole queue. Their failure rate in school is shocking because they do not care. Their unemployment rate is three times as high as that of the rest of the population because they will not take the jobs, such as bus conducting and hospital portering, which they are expected, by and large, to do. Through their continuous rebellion they have brought funds into the black community - large doses of money given to government and semi-government agencies which promise to tame them, discipline them and send them to earn a wage. They do not want these second-hand funds. If they have a perspective, it is a re-apportioning of the wealth of the country between the employed and unemployed, a revolution in the way work and wage are apportioned in this society, an overhaul of the institutions which grade British labour; it is a direct accountability of the forces of law and order to the communities they control.