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

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Britain and Europe

Britain and Europe

this prepared the ground for removing price control on the remaining varieties of steel. It is, however, likely that there still will be some readjustment of prices after decontrol becomes effective, with prices reflecting more accurately the balance between supply of and demand for the various items. A case can be made out for allowing the steel companies to retain the margin, but considering the Government's own budgetary position, and funds required for the steel programme in the Fourth Plan, the Government should consider levying an excise duty of about Rs 100 per tonne on the items to be decontrolled, leaving producers free to adjust prices.

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