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

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Indo-Yugoslav Trade-The Last Wagon

Working of the State Electricity Boards had recommended as far back as in 1964 that the Boards' rate of return on capital should be raised to 11 per cent. The latest Economic Survey gives the actual rate of return on capital invested in the State Electricity Boards at 4.3 per cent in both 1972-73 and 1973-74. If the norm of an 11 per cent return were realised, the additional resources available during the Fifth plan period would be of the order of Rs 2,000 crores. Of course, not all of the would come from agriculture. But insofar as electricity is now supplied for agricultural operations at specially low rates, the contribution of the agricultural sector would be substantial. the budgetary deficits of all the state governments was Rs 267 crores in 1973-74, while their budgets for 1974-75 show a deficit of Rs 175 crores. As many as 13 states have presented deficit budgets for this year. Even of the estimated Rs 101 crores of additional resource mobilisation, only a very part would come from the agricultural sector. The agriculturally prosperous states of Punjab and Haryana have budgeted for deficits of Rs 38 crores and Rs 18 crores, respectively

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