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

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Propping Up Export Boom

February 15, 1969 was intended to pay off in part the existing short-term deposits, which carry interest at 12 per cent plus commission of 2 per cent and "expenses". The balance-sheet as on March 31, 1968 discloses that, of the unsecured loans of Rs 2.83 crores, term deposits amount to Rs 1.34 crores including Rs 4 lakhs by way of interest accrued and due.

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