Treasury Bills in India


in a Developing Nation", New York: Harcourt, Brace and World, 1970, p 115. The word "gherao" is derived from the Hindi word "ghera dalo" which means "to surround, confine, or sieze" One author defines gherao in contemporary usage as "wrongful confinement and encirclement (used) ... by labour to prevent egress and ingress of managerial staff ... with the sole object of extorting concessions.*' S M Dhyani, "Trade Unions and the Right to Strike", Delhi: New Delhi, 1970, pp 322-3.