periodical issue
Swatantra Newsletter
ISSUED BY THE CENTRAL OFFICE OF THE SWATANTRA PARTY, 143 MAHATMA GANDHI ROAD, FORT, BOMBAY. TELEPHONE NO : 28887 · Bombay · 1962
7 pages
Summary
Swatantra Newsletter No. 24, issued in Bombay in July 1962 for private circulation, presents the Swatantra Party’s campaign against excessive taxation, wasteful public expenditure, and centralized economic planning. Its opening report records the Parliamentary Board’s decision that party units should not contest Gram Panchayat elections in the party’s name, while leaving decisions on municipalities and higher-level local bodies to state units. The issue also reports party meetings and organizing work in Delhi, Rajasthan, Bombay, West Bengal, Mysore, Madras, Punjab, and Orissa.
The central economic argument, developed especially through speeches by Minoo Masani and an abridged Lok Sabha speech by P. K. Deo, is that taxation has exceeded defensible limits, burdens the poor disproportionately, and discourages saving, investment, production, and exports. The newsletter advocates abolishing land revenue, reducing excise and income taxation, avoiding deficit finance, and pruning bureaucracy and civil expenditure. It also links economic liberty to constitutional and property rights, criticizing restrictions on Kendu-leaf owners and cultivators in Orissa. Foreign-policy material records Rajagopalachari’s personal position at the Anti-Nuclear Arms Convention and Masani’s opposition to Soviet nuclear policy and the purchase of MIG aircraft.
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