In the homeland of the Indian companion. Nationalisation of banks

you are: In the homeland of the Indian companion

The decision on nationalisation of fourteen largest private banks was accepted. It was followed by resignation from a post of Minister of Finance Morardzhi Desai, one of the main opponents of this measure. On a post of the president in August, 1969 vice-president V.V. has been selected. Weights, the veteran of the trade-union movement which nominee was supported by representatives of all progressive parties in parliament.

And in November, 1969 to the right groupings which have appeared in obvious minority, it was necessary to leave INK and to form the parallel party, the so-called Organization of the congress.

After nationalisation of banks a number of other measures has followed. In December, 1969 of the power have passed the law limiting activity of monopolies. In February of next year the sphere of action of public sector has been a little expanded. Then the government has reconsidered assignments under the fourth five years' plan (1969/70-1973/74), considerably having increased capital investments in public sector. In March, 1970 under the state control was import of the goods of thirty eight names, in April of a reduced price for seventeen major kinds of medicines is taken in addition.

Certainly, these and some other, in itself in general limited measures could not lead to the decision of social and economic problems of the country. But they have generated hopes of changes, have inspired democratic forces on struggle for carrying out of deeper progressive transformations. It has provided a large victory of party Indiry Gandi on extraordinary elections 1971 and 1972 in parliament of the country and Legislative Assemblies of states.