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Speeches in Parliament Vol. (III)-14

Shri Y. B. Chavan : I do not have those figures. Perhaps your analysis is correct. That is quite possible because so far the policy of the financial institutions was to help the bigger industries and that is exactly what we are trying to change but even then, the idea is not to starve. Whatever industrial potential we have created in this country, we will have to cater to their needs as well. We can certainly see that no undue advantage is taken by them, that one can do; but our idea is not to starve any legitimate industrial activity.

Even though they are of advanced States, we cannot ask them to stop their functioning.

Then Mr. Raju made one interesting suggestion about certain areas in a State where there is irrigation, flow irrigation as well as lift irrigation and the cost or advantage of one system of irrigation against the disadvantage of other. That one needs to go into. I hope he succeeds in impressing on his own State Government but this is certainly a matter to be considered. However I do not agree that this is a matter between Telangana and the non-Telangana area.

Shri V. B. Raju : It is between politics of the prosperous area and the politics of a poorer area.

Shri Y. B. Chavan : Quite right. There can be prosperous area in Telangana and there can be non-prosperous area, in the non-Telangana area. He need not identify that problem with the political problem which he is facing. I am not talking about the merits of that political problem. I do not want him to identify it in that sense. This is the general approach of the Government in this matter. Really speaking, I have made a general appeal in my speech that we have to look around for new resources. Some Members particularly Shri Babubhai Chinai, made one suggestion look into the external borrowings and reduction of non-plan expenditure. I do not know what he means exactly by that and then go on making investments more and more. How one does it by these two means alone. I do not know. But that does not mean that I do not welcome any new suggestions and if the hon. Members have any new suggestions, certainly they are welcome. I am in search of them. Some Member said it is a question of getting more and more and spending more and more. That is the function of any, Government to raise resources and collect resources and to spend them but they should spend them wisely, invest them in more productive activities and thereby build a proper base of economy so that it creates or generates more opportunities for employment and also at the same time, remove the possibility of the concentration of economic wealth. These are, really speaking, the directions in which we have to go. These are the general points which hon. Members have made. I have taken note and that will be of some use in preparing our further programme.

Some members have made a mention of certain specific things and I thought I should try to make a reference to the question of disparity between the revenue receipts and disbursements in respect of mints and gold mines. The position is that the revenue receipts of the mints include the sale proceeds of all stores, refining charges, canteen receipts and other miscellaneous receipts. They do not include the value of the coins minted and put into circulation. On the other hand the disbursements of the mints include the entire expenditure of the minting organisation. If the value of the coins produced is to be taken into account there would be a profit of six crores. This amount has been included in the other head on page 18 of the Budget Estimates for 1971-72, and if the hon. Member wants, he can refer to that.