Off With Their Heads

ECONOMIC AND POLITICAL WEELY Planning Commission, If the broad pattern of financing of investment is formulated by the Planning Commission, would the Council limit itself to dealing with short-term changes in the economic situation? But is not the Reserve Bank and its board performing that task now? Would the Credit Council govern the policies of the long-term financial institutions also? This function is supposed to be discharged by the Industrial Development Bank, which again is part of the Reserve Bank.