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

A+| A| A-

ATOMIC ENERGY-Technological Come-Down

September 22, 1973 important in achieving the twin objectives of growth 'and social justice" than what the banking sector can do. Not one hint of introspection afflicts the Report. The Bank's policy of selective credit controls is perfect; the Bank's scheme of credit authorisation is above board; the Bank's .supervision of the commercial banks is beyond reproach. Let the government do its job; let it maintain an effective system of public distribution of foodgrains; let there be an adequate, acceleration of investment activity in the key sectors such as transport, power and irrigation; let the. government raise more resources. As far as the Reserve Bank is concerned, it is doing all that has to be done. In the matter of management of external accounts too, the Bank has not even a marginal comment to offer about how the erisis which is bound to come in the current sear is to be met. Yon, the rest of you, do your jobs and the Bank, in due time, will write another Annual Report. Irresponsibility could hardly attain greater heights.

Dear reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top