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

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The More It Changes...

into the country's intellectual and academic establishment. However, a positive feature of the current deliberations of the vice-chancellors has been the emergence of what might be described as a closed shop mentality, almost as if the vice-chancellors had decided to form some sort of a trade union in order to defend their 'interests'. One of the issues discussed in the meeting last weekend BUSINESS UNDER the partial decontrol of price and distribution of cement announced by the Finance Minister in his Budget speech on February 27, cement factories in operation before January 1982 are required to earmark two-thirds of their installed capacity as levy cement for distribution at the controlled price to state and Central government departments, government corporations, large, medium and small industries for factory construction and to small consumers for building houses with a plinth area of upto 80 square metres and for house repairs. The balance output will be available for free sale in the open market. Cement units coining into operation after January 1982 will be required to allot only 50 per cent of their capacity for controlled distribution. Output in excess of installed capacity will be allowed to be sold in the open market. By linking the levy to capacity rather than production, the government claims to have provided an inbuilt incentive to maximise use of installed capacity.

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