cover image: Council of State Debates  Wednesday  22nd March  1944  Official Report

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Council of State Debates Wednesday 22nd March 1944 Official Report

1944

COUNCIL OF STATE Wednesday 22nd March.1944 The Council met in the Council Chamber of the Council House at Eleven of the Clock the Honourable the President in the Chair. [...] The ratio provisions in the Bill are designed to make it dear that there will not be any change in the de facto situation by the mere coming into operation of the Reserve Bank Act'.' This was the decision Sir of the London Committee on the Reserve Bank which sat during the time of the Round Tab1P Conference. [...] The point which I want to stress is that even the smallest agriculturist and the meanest labourer the peasant and the worker are dependent on the exchange value of the coin of the realm. [...] A member State may not subsequently alter the value of its currency iterms of bancor without the permission of the Governing Board except under the conditions as stated below ; but during the first five years after the inception of the system the Governing Board shall give special consideration to appeals for an adjusment in the exchange value of a national currency unit on the ground of unf [...] The third question which presented itself to my mind was this that even assuming that conditions were ripe for a reconsideration of the question of the exchange value of the rupee why the Honourable Member should suggest a procedure calculated to give the maximum of publicity and advertisement to the fact that the rate of exchange or a possible variation in the rate of exchange was under active
government politics public policy
Pages
43
Published in
India
SARF Document ID
sarf.100003
Segment Pages Author Actions
Frontmatter
i-i unknown view
Council of State Debates Wednesday 22nd March 1944 Official Report
447-488 unknown view