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

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BOMBAY-Rickety Municipal Finances

take militant postures on their side of the fence. Fernandes's public statement that in any agitation of railway- men for bonus he would side with the workers was probably inspired by these considerations. His campaign on nationalisation of certain industries and other wordy duels with big business houses have the same motivation. He has opened a new front on the issue of nationalisation by his proposal to nationalist' the artificial fibre industry as a punishment to Birlas for their alleged breach of licence regulations, Interestingly enough, the Prime Mi- nister is extra careful in dealing with the Finance Ministry now presided over by Charan Singh. Charan Singh, it would appear, will not brook any interference without immediately precipitating a break up of the fragile Janata combination and the Prime Minister will not risk that.

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