NASIK: Former Deputy Chairman of India’s planning commission Mohan Dharia Wednesday flayed the country’s new economic policy in this industrial city of Maharashtra state.
He alleged that the center was” giving into the conditional ties imposed by the world bank and International Monetary Fund (IMF) without taking into consideration the interests of the rural and small scale sectors that formed the backbone of the Indian economy”.
Speaking on “small and tin sector units and the new economic policy of the central government at a function organized by the Nasik Industrial Cooperative Estate (NICE) to mark its 30th anniversary Dharia said the country could generate its own resources to revive the weakened economy instead of asking for financial aid from the world bank or IMF.
The veteran politician also came down heavily on the industrialized nations saying “they are preaching us a free economy but they aren’t practicing it themselves”.
Calling for investment in areas that would require less investment and at the same time: generate maximum employment Dharia pointed out agriculture and small scale sectors the best spheres for such an investment.
The cooperative movement was being “ignored” in the country Dharia said recounting the wonder sit had worked in Maharashtra.
Puri: Secretary of the Electricity Board Junior Engineers Association of the state of Orrisa; Balaram Prasad Basu Mallick was detained Saturday under the National Security Act (NSA) officials here said.
Article extracted from this publication >> January 31, 1992
