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

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LABOUR-Illegal Termination of Workers

per cent in 1984-85, The Committee to Review the Working of the Monetary System has recommended, as a part of interest rate reform, upward revision of yields on government securities from the current levels and shortening ol maturities in order that more funds flow into government securities from the capital market than what the present captive market is able to provide. Accordingly, the committee has suggested that the yield on govern- ment securities be so determined as to provide on an average, over the entire spectrum of new issues, a yield of 2 per cent per annum in real terms. The committee has also assumed that public would gradually increase its subscriptions to government securities carrying higher coupon rates if they are available throughout the year.

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