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

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promulgated by the President: The Companies (Temporary Restriction on Dividends) Ordinance, 1974; and The Additional Emoluments (Compulsory Deposit) Ordinance, 1974. Both the measures were intended to be part of the 'drastic measures' that were then being taken by the government to curb inflationary pressures. The deprivation imposed on the working class was sought to be balanced by corresponding restrictions imposed on the private sector. The year was 1974 and the working class was in a position to oppose these moves. Later in August, even as parliament was debating the Bill which was brought before it to replace the Ordinance, there was a massive convention in Delhi, though of course these protests did not in any way affect the passage of the Bill.

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