Steno Kailash Chandra Vol-2 Dictation No. 770

Madam, Deputy Chairman, I welcome this opportunity to make a few observations during the discussion on the Finance Bill. At this stage, therefore, it is better to use this opportunity to make a survey of the economic situation and find out what the present condition of the people is, whether they are satisfied and if they are not satisfied what the reasons are. I feel this responsibility is greater today when the American aid is likely to be reduced and, therefore, we have got to stand more on our own legs. When the Plan was set forth there were three sources from which we hoped to get finance for the Plan, namely, our own resources from the revenues, loans within the country through savings and thirdly foreign help.