Indian Journal of Economics April 1949

This while the marginal efficiency of capital decreases the rate of interest goes up; and the wider the difference between the two the greater will be the contraction of employment. [...] the rate of wages as determined by the bargain btween the employers and the employment and the volume of money as determined by the policy of the central bank. [...] This will on the one hand solve the problem of unemployment and on the other increase the purchasing power in the hands of the masses. [...] The most striking feature about the dispersion of the forest area is that half of it is concentrated in the district of N. Kanara 81.7 % of which is under forest as compared with 4.8% of the total area in the case of Bijapur. [...] The Tariff Board which examined the claim of the Indian paper industry for protection in 1947 came to the following conclusions:— (1) The present position of the industry in the world as a whole can be summed up by saying that while the world's manufacturing capacity358 Y. S. MAHAJAN in paper has been seriously impaired as the result of the war the aggregate requirements of the world today are d