Indo-Nepal Trade Relations

FOURTEENTH YEAR OF PUBLICATION February 24, 1962 Volume XIV No 8 Price 50 Naye Paise

EDITORIALS East Outbreak 345 East Pakistan Outbreak Has Jayanti Done It? 346 Agreement on Cotton Textiles 347 HOWEVER much thoughtful observers inside and outside Pakistan WEEKLY NOTES may haw regretted it, the mass of the- people had welcomed the Promise of Dawn for Algeria — military dictatorship despite its systematic:, thorough and drastic elimi- British Guiana Rides Storm — nation uf the politicians from public life. Military rule might be harsh State Bank and Cooperatives - and wooden but it was effective and political corruption had sunk Branch Expansion : Well Done? so deep that by contrast the army appeared to be clean and incor- —Deposit Rates : How Many ruptible. But, as is the inevitable fate of military rule everywhere, Tiers? 348 with the passage of time, it has lost its glamour, and its incorruptibility LETTER TO EDITOR has worn off. I S I in Trouble ? 350 News from Pakistan is not free and press reports don't tell the LETTER FROM CALCUTTA whole story. Even so, from what has been reported, it is absolutely Wages in the Jute Industry : clear that resentment against the military regime, hitherto simmering Economics of Restrictionism 351 below surface has come out into the open. The lead has been taken FROM THE LONDON END by the students who have demonstrated, faced the bullets and stood up Joint Action for Wage Raise 353 to massive reprisals. Student revolt has been reported from also and organised protests have come from where Pakistanis are free CAPITAL VIEW to give vent to their feelings the City of London. The disturbances Briuks and the New Brink men Romesh Thapar in the west wing, however, are nothing compared to the Hare up in Fast Pakistan where students not only in Dacca but almost in all the towns BOOK REVIEW which boast of a college have made the authorities sit up and take notice. Chemical Industry in A K B 359 What has been developing in the east wing is a nationalist upsurge with all its well-known features a movement inspired by the langu­ SPECIAL ARTICLES age which the people speak. This week Dacca students honoured the Electioneering in Ratnagiri : A martyrs who had laid down their lives ten years ago for getting Bengali Day with the Congress Candidate ( From a Special Correspondent) 357 recognised as a State language, and they have voiced their demand Nepal-India Trade Relations : that Bengali should not only be made the medium of instruction at the Some Recent Trends highest level, but also that it should be made the language of the; court Y P Pant 361 and of the administration. This is not just an idle sentiment the Election Prospect in West Bengal youth of the country have come forward in serried ranks to win it. (From Our Calcutta Corres­ determined, and are prepared cheerfully to pay the price for it. 367 pondent ) Curiously enough, the scene of what would be called the 'linguistic' Delhi Seminar on Food for Peace agitation today is not Bengal hut what is for Bengalis a foreign country! (From a Correspondent) 371 The disturbances were started off by the arrest of Mr Hasan AROUND BOMBAY MARKETS Suhrawardy a colourful and volatile personality who derives his 375 Dalal Street Marking Time political support from East Pakistan and who has been kept out of COMPANY NOTES public life ever since the military take-over. The timing of the arrest Bank of India's Advances Outpace and of the demonstrations is more than significant. All this started Deposits — Dena Bank Makes just when Field Marshal Ayuh Khan was on the point of announcing Record Profit 377 his constitution of basic democracy and voluntarily renouncing his dic­ CURRENT STATISTICS 378 tatorship. Students have been in the vanguard of the nationalist movement in other countries also. But "nowhere else, not even in the THE ECONOMIC WEEKLY Bengal of the Swadeshi days, have they acted en masse like this, with 65, Apollo Street, Fort little open support from other sections of the people. It may not be Bombay. the revolt of the east yet. But what is happening is a clear indication, Telephone : 253406 among other things, that the bait of basic democracy that the Field Annual Subscription : Rs 24 Marshal has up his sleeve is not what the intelligentsia of Fast Pakistan Foreign 40.s or $ 6 is likely to bite.