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

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Bangla Desh-Interlude for Diplomacy

what it described as its 'policy' for the 1971-72 busy season. The preamble to the policy, as set out in the Governor's letter to commercial banks, runs as follows: "The overall economic situation warrants a cautious approach so as not to aggravate the inflationary factors in the economy but to provide all possible assistance for achieving a step up in industrial production and meeting the requirements of financing food procurement, priority sectors and defence- oriented production". The letter also urges banks to he alert to the requirements of industrial units assisted by the Industrial Reconstruction Corporation of India.

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