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

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All the Wrong Parallels

management and hard labour and that, unless workers learn to act in a disciplined manner, to maintain law and order and to increase their productivity, the economy of the country cannot improve. " Patriet took a different line, It criticised Morarji Desai for suggesting that banks should play a more decisive role. "If we go by their performance to far" said ''Patriot", "this will amount only to an attempt to increase credit facilities to the handful of monopolists who have hitherto been their chief beneficiaries. Private banking which is largely controlled by four or five big business houses has no Interest in agriculture", "Patriot" referred to rumours that the Government was thinking of "appointing Directors representing the Reserve Bank of India, the Income Tax Department and the Company Law Board" on the boards of the most important among these banks. "This" the paper said, "will not improve mat- ters because the bureaucrats who will be appointed as Directors will be as unresponsive to the demands of agriculture and small and m$- dium industries as the present pack- ed boards". "IfBanking is to be freed from the asphyxiating grasp of monopoly and allowed 'to play the creative role it can in agriculture and small industry" concluded "Patriot", "the major banks should at least be nationalised as early as possible Half-hearted gestures meant to appease the Working Committee or the few radical-minded Congressmen interested in economic reconstruction will not change the situation" All the Wrong Parallels WITH the presence of as many as six ministers this week somewhere around Naxalbari (E & P W, June 3), the place became not some obscure area in easily forgettable North Bengal but

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