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

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LUCKNOW-Economic Development of UP

at a price above the support price; after that prices should be allowed to find their proper level. This is a midway position between lifting all controls on foodgrains and the suggestion repeatedly made by the Agricultural Prices Commission that procurement prices should be lowered to conform to changing production and productivity conditions. Second, it has been suggested that a pattern of agricultural taxation should be evolved which is progressive and ensures that tax receipts from this source are income-elastic.

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