The Eastern Economist March 1 1952 (Special Budget Number 1952-53)

In the case of the outlay ono irrigation approach is made on the basis of the adequacy of the and power projects this approach may be to some eeconomic policy as it is to the needs of the next five tent unavoidable; so will it be with investments on years during which the new Parliament and Cabinet transport and communications. [...] The landed cost in New nues has the merit that the incidence of the duties and York of 19 cents a yard at this price and the present surcharges has been so spread over a wide range of level of the duty would represent only a twenty per goods that the variation of the rates in particular cases cent reduction of price which is inadequale to recover would still leave the budgetary position relativ [...] With the Pakistani competition may not be as imminent as may temporary booming phase of the world jute trade now be represented the Indian production and supply pospractically ending the expansion of The foreign market tion and the need to maintain the export drive and to the natural proportions of the earlier years remains stabilise the market are important considerations which the only issu [...] But the total of that the discrimination in favour of certain areas sall the subsidies did not confer a benefit commensurate lected for the subsidies was opposed by State Goverwith the burden on the finances of the Government of ments as manifestly unjust to the people of the rest India. [...] In other words with the It is on this aspect of the matter that the Govervolume and the price of food imports btill growing the ment has come forward with the opinion that it principle of subsidising food has undergone a radical has been found that the subsidy does not make any change without the question having any serious cosignificant contribution to the lowering of the cost of nection