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Treasury Bills

refuge bringing food and blankets for the soldiers. Negotiations between Enrile and the loyalist General Ver gave the rebels precious time and by the time loyalist forces were finally sent next day to crush the rebellion more than 50,000 civilians had gathered to protect the two rebel camps. A human barricade met the advancing soldiers. This swelled to more than a million people the following day (February 24), comprising unarmed civilians like students, nuns, priests, seminarians, middle class professionals and others who refused to allow the loyalist soldiers to attack the camps. Faced with this kind of passive resistance as the people sat on the streets and kept vigil, the loyalist forces could not attack. The air force pilots sent to bomb the camps could not bear to slaughter defenceless citizens and defected to the side of the rebels (David: 1986). It was a triumph of 'people's power' over the armed might of dictatorship.

Treasury Bills in India

subjects who will be persuaded, by various means, to take IC.
All these, of course, pertain to the premise that "Family Planning and Population Control" is a medical and technological problem as viewed by Kapil, the planners, the administrators, and the political authority, from the very beginning. That is why FP programme come under the purview of the Health Ministry and doctors and health workers are the personnel chosen. True, these people are aware of the other stronger determining factors, e g, poverty, high IMR, ignorance, cultural constraints, oppression of women in the patriarchal society. Also the better performance in population control in say China and Cuba without the sole emphasis on medico-technology, is not unknown to them. But sadly we continue to deal with the problem in only medical terms somewhat obstinately, refusing even to learn from the Kerala experience.

State-Level Money Stock Measures-An Estimate

K A Menon This paper attempts, for the first time, to present information on two important money stock measures, M1 and M3, for the States and Union Territories, Monetary statistics at present compiled and published by the Reserve Bank relate to monetary aggregates on an all-India basis. The spatio-temporal movements in money stock measures and their causative factors are subsumed in these data, rendering it difficult to study State level trends.

Funding of Treasury Bills in India

T K Velayudham This paper attempts to (i) examine the rationale of funding or conversion, of ad hoc treasury hills; (ii) outline the mechanics of this process; and (iii) suggest possible ways of improving 'funding' or conversion so as to invest it with some monetary significance. The modified form of funding suggested in this paper seeks to eliminate the anamolies of the 'dual' treasury bill system and to make treasury bill financing a meaningful and self-liquidating arrangement rather than treat it as a mere source of short~cum-long4erm borrowing for the government.


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