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

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NEW DELHI-Paving the Way for a Soft Budget

From the American standpoint, the year 1975 thus has been not the year of Vietnam but rather a post-Vietnam year. It has been a year of order. Portugal has been taken care of. Angola is on the threshold of partition. The two Koreas like the two Germanys have come to stay. The anti-imperialist pur- suers of non-capitalist path of develop-" ment have been quite charming and co-operative. Kissinger can now plan his memoirs. He can also organise further sale of wheat to the Soviets so that their buns can taste better! FROM OUR CORRESPONDENTS NEW DELHI Paving the Way for a 'Soft' Budget B M ONE of the highlights of the economic policy resolution passed at the plenary session of the Congress at Chandigarh is the reaffirmation of the party's commitment to the special Indian variant of socialism resting on a mixed economy. This has been further elaborated now by with the tagging on of an ingenious new qualification of a ''socially conscious" private sector playing a useful role in accelerating the development process. This is not an altogether new idea, of course. A large industrial group had some time, ago urged differential treatment of the socially conscious and the anti-social elements in the business community in the enforcement of government controls and regulations and the distribution of incentives and concessions.

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