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

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In Law and By Law

In Law and By Law Ottuketkal THE statement of Morarji Desai on November 20 in the Lok Sabha on the cornering of Indian Iron shares by Ramnath Goenka, newspaper magnate, shows the extent to which he is willing to compromise Government in his bid to woo special interests (for the background see "Moving Spirits", October 26, 1968, p 1643). The avowed purpose of Morarjt's statement was to show that Government had all along been alert to Goenka's doings and that nothing illegal had transpired. There was no connivance of the Reserve Bank, he said, in Goenka's bid to support his purchases with bank credit. Morarji thereby succeeded in establishing in the public mind that Goenka enjoyed his special protection and that the Finance Ministry's your most obedient, etc,

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