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

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these funds, not the SBI.
It is also necessary to ensure at the same time that the accretion of these external funds is not allowed to increase domestic liquidity and thereby pose a danger to the price-line. If this happens it will have repercussions for the exchange rate and in the process instead of the exchange rate stabilising as a consequence of the accretion of these funds, the country may face the opposite situation. This is a scenario that cannot be ruled out if the use of the funds is left to be determined by considerations that normally prevail with commercial banks, FLOODS Preventable Damage WHAT does it take to make a lethargic, inefficient and corrupt relief administration spring into action? Evidently, not the more than 3.8 crore flood-hit people who have lost their livelihoods and some loved ones in the 28 districts of UP, nor the thousands of hectares of standing crops that have been destroyed, nor again the fact that five rivers in the state Alakananda and Bhagirathi in Uttaranchal and Ganga, Yamuna, Ramganga Gomti and Ghagra in the plains are either rapidly rising or are already in spate. Report after report from the different flood devastated districts indicate that the district administration has been grossly negligent in providing relief; while the army has been called out to help with the relief work, it is unable to function efficiently due to the lack of support from the local administration. While ministers in the state capital talk of dispatching food and medicines, there is little evidence of these where they are desperately needed. Little effort appears to have been made to plan the work in such a manner that the maximum number of peo- ple can be helped in the shortest possible time; and it would not be an exaggeration to say that there is no information at all on how the rivers are swelling or which are the most vulnerable points where protective bunding and other means may be used to minimise the effects of the floods.

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