The features of this feudal reaction need a detailed analysis. In this short note one more point may be made. This new form of exploitation has caste connotations, reflected in many ways. First, there is the general upper caste dominance of bureaucratic/ political appointments. This is most starkly brought in Bihar's irrigation department, which is commonly known as a Bhumihar department. Second, the phenomenon is stronger in those states where the dominant landlords come from the upper castes, who traditionally abhor any connection with productive activity and show a marked disinclination to even manage production. But in states where the dominant landlords come FINANCIAL indiscipline in the corporate sector is on the increase, thanks to the new practice adopted by the Controller of Capital Issues for some time now, of allowing corporate entrepreneurs to retain subscriptions in excess of the notified amount, at a time when financial resources in general are scarce, and there is pressing need for more rational distribution of available resources. This practice enables some entrepreneurs to collect funds in excess of their immediate genuine requirements to collect funds in excess of their immediate genuine requirements and creates difficulties for several others in meeting their needs from the market.
