Repairing the Arrangement

Vol XII No 24
ECONOMIC AID POLITICAL WEEKLY Skylark 184 Frere Road Bombay 400 038
Grams Econweekly Editor Krishna Raj Associate Editor Rajani X Desai Assistant Editor M S Prabhakar Editorial Staff Colin de Souza, K Vijayakumar Manager J K Thakkar Repairing the Arrangement THE meeting of some of the country's foremost businessmen and industrialists in Tata's Bombay House on May 31, which resolved that the businessmen concerned would not raise the prices of their products in the remaining months of this year, has produced the expected echoes in different parts of the country. The Associated Chambers of Commerce and Industry has called upon its members to follow suit. Industrialists representing a number of leading business houses in eastern India have met in Calcutta and have decided to hold the prices of their products more or less on the lines of the Bombay House resolution. Major tyre manufacturing companies are reported to have decided to drop their move to raise prices by 5 to 10 per cent.