Report of the Fiscal Commission 1949-50
Coherent Identifier 20.500.12592/c64mg3

Report of the Fiscal Commission 1949-50




As the Commerce Ministry had earlier requested the Commission to let them have the Commission's recommendations on the desirbility of undertaking international obligations of the kind involved in the General Agreement on Tariffs and Trade and the Charter of the International Trade Organiztion in advance of the main report and not later than the 15th August 1949 the Commission considered it [...] The specific issues consist of— (a) an appraisal of the past policy of protection; (b) reviewoof the effects of protective tariffs and other measures of assistance on some of the major protected industries; (c) an assessment of the provisions of the General Agreement on Tariffs and Trade and of the Charter of the International Trade Organization; (d) examination of the Indo-British Trade Agreme [...] On the economic side among the primary duties of the State is "the raising of the level of nutrition and the standard of living of its people and the improvement of public health" (Article 47). [...] when the mass of the people are below the subsistence level the emphasis should be on the expansion of prodution both agricultural and industrial; and in partcular on the production of capital equipment of goods satisfying the basic needs of the people and of commodities the they of which will increase earnings of foreign exchange". [...] All these afford evidence of the great awakening that has taken place in the countries usually called "backward" and generally speaking of a realisation on the part of the United Nations and its allied organisations of the need in the interests of world peace of improvement in the standards of living in such countries.

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government politics public policy