Calcutta Diary

AM What is good for the great bulls operating in the stock exchanges is good for the Indian republic. The message was driven home to the top brass of the 'nationalised' banks and public financial institutions. The economy might be doing badly, the rate of industrial growth might actually be negative, but the miracle-makers were at work and deserved the solidest support from the state One must not ask whether the funds with which they played their tricks in the market were being provided against certain junk papers* To inconvenience the bulls was akin to inconveniencing the nation.