cover image: Council of State Debates  Thursday  26th November  1931  Official Report

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Council of State Debates Thursday 26th November 1931 Official Report

1931

The Council met in the Council Chamber in the Council House at Eleven of the Clock the Honourable the President in the Chair. [...] This is a brief summary of the diagnosis taken by the Honourable the Finance Member of the economic and financial condition prevailing in India during the year 1930-31 with the inference that the deficit in the last year's Budget is chiefly due to the reasons stated before. [...] It follows therefore that the methods adopted some six months back to improve the financial postion of the Budget have not turned out to be of any benefit and in view of the results obtained I do not think that the only remedy to better the condition of the country's finance lies in resorting to slight reductions in Government expenses and enhancing the rates of those sources of income which ar [...] I would therefore urge that either the contribution to the Debt Rdemption Fund should be entirely wiped out or the entire amount kept as it is subject to the important proviso that this fund should be utilised directly and actively for the support of securities as has been demandec by me in this House by the Honourable the Deputy President in the Assembly by the investors in the London mark [...] For over half a century it has been our cry and that has been echoed by some of the most honoured men who have occupied the most prominent place in Indian politics—some of them alas! are no more—that the Army in India is always maintained in excess of the real mouirements of the country that the syste-n by which soldiers are recruited is one which is to the advantage of the pockets of Great Brit

government politics public policy
Pages
60
Published in
India
SARF Document ID
sarf.100003
Segment Pages Author Actions
Cover
i-i unknown view
Council of State Debates Thursday 26th November 1931 Official Report
249-307 unknown view