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

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MONEY AND BANKING-Currency-Fuelled Monetary Expansion

intervention operation with minimal import or is it better to manage demand by unfettered import without adequate control on the timing and the destination so far as releases are concerned? So long as the goal of self-reliance is not in serious dispute it logically follows that the best efforts are necessary for streamlining the domestic market, for eliminating the unearned Surpluses in the domestic oil and vanaspati MONEY AND BANKING trade, for establishing as direct a link between producers and consumers as possible, for ensuring that the rate of expansion of demand is not overwhelmingly larger than the realistic rate at which domestic production can expand and for relying on imports only as a fall-back option. Even when imports are allowed the distribution of the imported oils must be timed and co-ordinated with the domestic market management system.

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