Framework for Credit Planning

Bhabatosh Datta Framework for a National Credit Plan edited by S L Shetty, National Institute of Bank Management, Bombay, 1979; pp 256, Rs 50, COLLECTIONS of seminar papers are generally like the curate's egg, unless the editor has the courage of weeding out the pedestrian or indifferent pieces. It is a pleasure to be able to say that the papers read at the Seminar on Credit Planning organised by the National Institute of Bank Management in July 1978 are almost without exception of a level that is not always reached. It is easy to be vaguely persuasive about anything that has 'planning' as its sub- ject-matter and sometimes the plea for planning serves as an alibi for precise thinking and detailed analysis. It often seems enough just to hold that credit, like other instruments of policy, has to be planned, but it is rare to find the character and contents of credit planning examined in depth on the background of the planning of the economic process as a whole.