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

A+| A| A-

NEW DELHI- New Vistas for Private Sector

NEW DELHI New Vistas for Private Sector B M THE most striking exposition of his budget is not to be found so much in the Finance Minister's presentation speech or in the speeches he made in reply to the budget debates in the two houses of Parliament as in his address to the All India Manufacturers' Organisation earlier this month. The speeches in Parliament were largely tailored to subserve the political-populist aims of the ruling party with the emphasis on fulfilment of the election promises of the Congress(I) and the reliefs he had so generously given to the "common man", above all the middle classes who had been burdened so vindictively, according to ruling party propagandists, by Charan Singh in particular through his budgejt last year. Speaking to the Manufacturers' Organisation, however, he was far more forthright in his appeal for a response from the corporate sector which "has never been given such facilities by any one of my predecessors" for raising production and making profit. He indeed made it clear to the industrialists that if they still grumbled and did not invest and produce they would be failing themselves as well as him for taking the "calculated risk" he had taken in relying on them.

To read the full text Login

Get instant access

New 3 Month Subscription
to Digital Archives at

₹826for India

$50for overseas users

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top