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

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R K Roy

R K Roy, the veteran journalist, died in Pune on 2 August at the age of 78. He was suffering from a combination of lung cancer and heart ailment for over two years.

Enhanced Cash Margins on Imports-Fury without Fire

Enhanced Cash Margins on Imports Fury without Fire Arun Goyal Will the measures announced by the Reserve Bank to curb the flow of imports achieve their purpose given the import dependence of the economy and the significantly higher margins in importing operations compared to procuring like goods from the domestic economy?

THE BUDGET-Indirect Tax Proposals Without a Strategy

ficers had no authority to over-rule him; it is rather naive not to admit that there was only one authority in India who could have done this

Software Policy Legitimising Imports

of all Tarapur industrial units. Having closed their respective units, the workers poured into Bombay and marched to Mantralaya. In separate meetings with Jitu Mahajan, the minister of state for home and inspector general of police Jog, the Bombay Labour Union chief, Sharad Rao, was assured that the incidences of police violence would be investigated in five days and action initiated egainst the erring officer Kadri.

THE BUDGET- Customs and Excise Innovations

THE BUDGET Customs and Excise Innovations Arun Goyal THE customs and excise aspects of the Budget proposals for the 1986-87 show three significant features. First, the modernisation through equipment import strategy, outlined in the previous year, has been partially reversed to reflect the pressure on balance of payments, The accent on fuel saving and the measures to promote the use of minor oils in vanaspati manufacture are also elements in the shift in policy focus. The need to adopt populist stances, specially after the nationwide protest over the hikes in petrol prices, also find a place in the proposals.

TEXTILE INDUSTRY-Agenda for Polyester Promotion

Agenda for Polyester Promotion Arun Goyal THE concessions in excise duty to the synthetic textile industry announced by the Union Finance Minister, V P Singh, on August 28 show a distinct bias against cotton in general and the handloom industry in particular. The use of polyester fibre in yarns and fabrics is a must to avail of the duty relief. It also shows a reversal of the earlier policy of imposing a high tax on synthetics on the premise that these fabrics are used by the rich. Another underlying assumption in economic policy has been relaxed

ELECTRONICS-No Stomach for Competition

munal amity between the tribals and the Bengalis without which its developmental work will be jeopardised. As the recent killings in Bagafa and Kaityabari show, the reactionary forces which have failed to secure a majority in the election will try their level best both inside and outside the ADC, through foul means and fair, to prevent the LDF majority in the newly-elected ADC from operating in a normal atmosphere to redeem its election pledges. In the final analysis, the record of performance of the newly-elected ADC will determine, to a large extent, how successful Tripura is going to be IN spite of all talk of exposing the local computer industry to import competition, government policy on computers continues to be swayed by the short-term interests of assemblers. In November last year, the industry's cost structure was lowered significantly when customs duty on peripheral components was reduced to just six per cent (complete peripherals attract duty at 60 per cent in most cases). Since the major cost element in the manufacture of computers is peripherals, it was expected that costs would come down and the benefit would be passed on to consumers, lb ensure this, it was declared that computer imports would be put on OGL so that the industry faced import competition.

IMPORT POLICY-Search for Instant Growth

IMPORT POLICY Search for Instant Growth Arun Goyal THE three-year import policy announced in April this year continues the liberalisation trend which began eight years ago when the Janata government came to power at the Centre. The first wave started in 1978-79 following the Alexander Committee's report and a comfortable exchange reserves position as a result of remittances of Indian workers in Gulf countries. The IMF loan conditionalities forced the next major liberalisation in the 1982-83 policy. The Open General Licence (OGL) lists for both capital goods and raw materials were expanded with the backing of the IMF's Extended Fund Facility. Unlike the earlier waves, the third major liberalisation, announced in the 1985-86 policy, lacks a favourable context.

IMPORT POLICY- Red Carpet for Capital Goods

Red Carpet for Capital Goods Arun Goyal THE Import Policy for 1984-86 continues the liberalisation introduced two years back following the IMF loan conditionalities. For the rest, like the Union Budget presented earlier, it lacks imagination and a clear sense of purpose.

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