[Letter to B R Shenoy]

Summary

In this letter dated 23 June 1966, M. R. Masani thanks B. R. Shenoy for letters of 18 and 20 June and for his policy suggestions. Masani encloses a copy of a note submitted to the Prime Minister in Delhi, saying that most of Shenoy’s suggestions—including a paragraph on export duties—have been incorporated.

Masani reports that L. K. Jha observed during the discussion that the 10% export duties had been imposed only on traditional exports such as tea, while most other exports were duty-free. He adds that the authorities have promised to examine Shenoy’s objection and that he advised the Prime Minister to draw on Shenoy’s expertise.

Key points

• Masani acknowledges Shenoy’s letters of 18 and 20 June 1966.
• A copy of a policy note submitted to the Prime Minister is enclosed with the letter.
• Masani says most of Shenoy’s suggestions were included in the note.
• The note includes a paragraph addressing export duties.
• L. K. Jha is reported as saying that 10% export duties applied to traditional exports such as tea.
• Masani states that most other exports were duty-free and that Shenoy’s objection would be examined.
• Masani recommends that the Prime Minister draw on Shenoy’s economic expertise.