Murky Light on Export Slump


exchange budget on the other hand, had presumed that rescheduling would in effect increase our free foreign exchange resources.
Marginal Gains In view of all these difficult circumstances, it is clear that all talk of a price and wage freeze would be forgotten soon. There might be some procrastination about settling the DA claims of employees is they arise and the Government may revive the proposition that part of the DA should be paid in savings certificates or in other non-cash forms which the Gajendragadkar Commission had not been able to recommend because of opposition from representatives of employees and others. The only gain for Mo- rarji Desai from the Chief Ministers' conference may be that Government employees who have been agitating for higher relief than recommended by the Gajendragadkar Commission will now be more ready to settle for the Commission's re- OFFICIAL PAPER commendations and, in addition, accept part of the increased DA in non-cash forms.