Articles by Bhabatosh Datta

But Calcutta Is Different Bhabatosh Datta Calcutta on the Eve of Her Tercentenary by Asok Mitra; Abhinav Publications,
THE only worthwhile outcome of the crazy year-long 'celebration' of the third centenary of the supposed birth of Calcutta is the publication of a number of first-rate books on the city

Rural Development in Many Hues Bhabatosh Datta West Bengal Landscapes by Arun Ghosh; K P Bagchi and Co, Calcutta,
LATE in the autumn of 1983, Arun Ghosh 'landed in Calcutta to take up the task of planning

JOHN MARTINUSSEN or the Koskilde University Centre, Denmark, made four trips to India between 1977 and 1988 for studying the effect of the regulatory policies of the government of India on the activities of transnational corporations. He prepared a report for restricted circulation in 1986 and the present book is a revised version of that report, The in formation in the text and the tables relate mainly to the severities, but, in some cases, the data have been brought up to 1983-84 and even up to 1986. Practically all the major problems have been examined, the only major exception being that of the transfer prices'. Two of the seven chapters are mainly descriptive. There are an Introduction and a chapter on 'The Host Coun- try's Dilemma' at the beginning. There are then three analytical chapters on the balance of payments aspects, on transfer of resources and on the allocation of resources. A con- eluding chapter summarises the analysis and brings together the findings. There are three factual appendices and also three useful tables (which are additional to some thirty detailed tables in the text).

Development and Planning by Ignacy Sachs. Translated by Peter Fawcett from "Developper des Champs de Planification" (1984). Cambridge University Press, Cambridge, and Fondation de la Maisons des Sciences de L'Homme, Paris, 1987; pp 134, price not stated.

The Budget: Lengthening Shadows Bhabatosh Datta If one were to discern a direction which central budgets seem to be taking it would be as follows. Total government expenditure will increase, the non-plan component increasing faster and the non-developmental part increasing faster still Large loans will be taken not for creating productive assets but for revenue expenditure. The overall deficit financed by Reserve Bank credit will increase. If availability of foodgrains and other essentials do not rise at the desired rate, the result will be inflationary pressures. Mounting debt service charges wilt put severe pressure on the balance of payments. The state governments will be hamstrung by shortage of financial resources, after meeting their own debt service charges.