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

A+| A| A-

NEW DELHI-Deficit Financing Becomes Respectable

Deficit Financing Becomes Respectable B M THE Prime Minister at his first press conference in the New Year displayed a great deal of flexibility on the vexed question of deficit financing about which he had been earlier extremely rigid. This is attributed to the painstaking effort of Finance Minister II M Patel and Deputy Chairman of Planning Commission D T Lakdawala who have finally succeeded in convincing Morarji Desai that deficit financing will not be as bad as all that and that it will lie necessary if the outlay for the annual Plan for the next year is to he at all respectable. It was only alter succeeding with this ticklish mission that Patel as well as Lakdawala have come out with some hold' statements about stepping up investment and growth.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Back to Top