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

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Resurgence of Peasant Movement in Telengana

India can ill afford at present. One wonders whether these liberalisations Resurgence of Peasant Movement in Telengana C V Subba Rao through pure exchange trading, as distinct from cover operations for genuine merchant transactions, it is a fundamental policy issue the implications of which must be clearly understood. Has the government, as the owner of the public sector banks, accepted its liability to underwrite any losses that may ensue from such trading operations as distinct from normal banking risks? What is the justification, in terms of social benefit, for the government assuming this responsibility? Another question that arises in this respect is that even if the RBI is sold on the idea of permitting greater freedom in exchange operations, should all ADs

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