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

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Growth under Consideration

March 2, 1968 Growth under Consideration TWO years gone without a Plan and one more to go before the Fourth Plan starts. This interlude of defection from development, one would have thought, was long enough to take stock of both resources and ideas. The economy is now again poised for growth, but not the Government. As we go to press a day before presentation of the budget, the indications are that capital outlay would be kept practically constant at about Rs 1100 crores, and that though there would be some rationalisation (may be some reduction too) of direct taxes and raising of excise and import duties, the burden of getting ready for the Plan would be postponed at least till November to await the next kharif harvest. Then, probably, it may be postponed further because the Plan would be just round the corner.

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