cover image: Reserve Bank of India. Report of the Central Board of Directors for the Year Ended 30th June  1947

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Reserve Bank of India. Report of the Central Board of Directors for the Year Ended 30th June 1947

1947

The incentives offered for the expansion of food crops in the country operated restrictively on the production of some of the cash crops for exports and necessitated the relaxation of export controls only gradually and in respect of such articles which were actually in excess of domestic needs The requisite peace-time powers to regulate the foreign trade of the country for a period of three years [...] In view of the inherent difficulties of the task the cost survey would be in the nature of an experimental measure ; the object of the rural credit survey is a critical review of the origin growth and the present position of the co-operative movement in the background of the actual needs of the rural community and the alternative sources of credit. [...] In pursuance of the assurance given by the Finance Member in the Legislative Assembly that the negotiations for the settlement of the sterling balances would be started as early as possible and the commiment of the United Kingdom to an early settlement preliminary talks of an exploratory nature were conducted between the officers of the Finance Department and the Reserve Bank on the one hand [...] In the course of his budget speech for 1947-48 the Finance Member stated that the termination of the Empire Dollar Pool was indissolubly linked to the over-all final settlement df the issue of sterling balances ; the question of dissolution of the Pool formed a part of the negotiations with the British delegation for the settlement of sterling balances. [...] the Select Committee of the Central Legislative Assembly on Bretton Woods submitted on 29th July 1946 recommended the payment of that portion of the subscrition without the payment of which India would commit default to the Bank but left the question of India's membership of the Fund and the Bank to be decided by the Legislative Assembly 30 and in October 1946 the Assembly while approving t
commerce industry
Pages
34
Published in
India
SARF Document ID
sarf.100228
Segment Pages Author Actions
Frontmatter
1-1 unknown view
Reserve Bank of India. Report of the Central Board of Directors for the Year Ended 30th June 1947
2-i unknown view

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