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

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ENERGY POLICY- Bizarre Logic

for tax-payers would appear to have been conceived on the principle of a continuing voluntary disclosures' scheme which in the past was regarded as a time-bound ad hoc measure. The business tycoons should be fully satisfied by such a dispensation. The government-business relationship had dramatically improved and strengthened in the wake of the economic liberalisation policy and the fiscal measures introduced in last year's budget. There was some strain and friction in the relationship for a brief while when perceptions of the two sides about the implications of and obligations under the new economic and fiscal policy differed somewhat. The problems would appear to have been now sorted out and the business- government relationship is moving in the desired direction under the policy of market- oriented economic liberalisation. Those who ruefully noted after the presentation of the budget this year a fall in share prices and 'complete demoralisation' in the stock markets which had been earlier booming were, it now turns out, unduly alarmed by the populist gestures of the government. They have now every reason to rejoice and took forward to high profits and good business.

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