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

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Tasks before the IRCI

Tasks before the IRCI (From a Special Correspondent) WHEN the Industrial Reconstruction Corporation of India begins work in Calcutta very shortly the city will have for the first time a development bank with a national backing. The IRCI's charter gives it an all-India frame but there is no harm if the Corporation confines its initial or even its permanent jurisdic- tion to the Eastern Region where there is more than full-time scope for an all-India agency. The grim events in East Bengal currently providing an emotional diversion in Calcutta from its pressing economic problems may permit a quieter inauguration of the IRCl's activities but the breathing time may prove too short unless the Corporation makes haste to get down to its tasks. There is no denying that the IRCI faces an oversized job, not in the sense of performing the typical financial functions, but in mobilising other services required for accomplishing its role. If it were only the financial functions, the existing all-India institutions

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