Interest Rates- Subsidy or Ransom

January 2, 1971 decay.
Calcutta thus became a problem for non-Calcuttans. Pointed attention to Calcutta's deterioration WAS drawn by foreign commentators and the insptra- ration for forming -the CMPO came from the Ford Foundation. The CMPO's proposals were going the rounds for almost two years' till the Central Government intervened to set up the CMDA last yea and to lubricate the implementing machinery with generous promises of financial resources, CMDA in now getting down to its work. It has announced schemes in water supply, drainage and sewerage (costing about Rs 9.09 crores), traffic and transportation (Rs 11.10 crores), garbage removal and disposal (Rs 1 crore) and busies improvement, What is heartening about these proposals is the urgency with which they are being taken up