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Meanwhile, India's economy is hamstrung by an ever increasing oil import bill, which consumes 60% of the country's export income. India depended on Iraq and Iran for roughly two-thirds of its oil imports; with those supplies restricted by the Persian Gulf war, and domestic production cut by the disruptions in Assam, New Delhi has had to scramble for new sources of oil, including the spot market. Although monetary restrictions and liberalized imports have reduced India's inflation rate from 22% in January to 15% today, such commodities as sugar (52? a lb.), and lentils...

Author: /time Magazine | Title: INDIA: Troubled Times for Indira | 11/24/1980 | See Source »

...case was the biggest ever laid on the 64-year-old ITC, which acts as an investigative arm for the White House in cases of import-troubled industries. If the commission rules for protection, as it has done in 27 of the 44 cases it has handled since 1975, the matter goes to the President for a decision on whether to impose restrictions on foreign products. The Carter Administration's record in acting on ITC verdicts, however, has been mixed...

Author: /time Magazine | Title: Business: No to Curbs on Japanese Cars | 11/24/1980 | See Source »

...President tried unsuccessfully to get the ITC to make its decision before the election, to show his concern for Detroit's problems. Now that the commission has ruled against the U.A.W.-Ford petition, the initiative has passed from the White House. Congress can impose import curbs, but despite strong efforts by Midwestern Congressmen, sentiment for such action may be ebbing...

Author: /time Magazine | Title: Business: No to Curbs on Japanese Cars | 11/24/1980 | See Source »

...images to complement his music. "Up The Hill Backwards," "Ashes to Ashes" and "Because You're Young" are abstruse in specific meaning, but convey a definite mood of danger and intrigue. The weakest track, "Fashion," is also the easiest to understand, a meditation on disco culture of little import...

Author: NO WRITER ATTRIBUTED | Title: DAVID BOWIE | 11/18/1980 | See Source »

Boosted by the Irish spring in the legs of import runners Ray Treacy and Brendan Quinn, Providence College captured first place at the 10,000-meter NCAA qualifying meet at Franklin Park Saturday with 35 points. Dartmouth and UConn grabbed second and third with 89 and 125 points, respectively, for the remaining two berths in next week's NCAA meet at Wichita State...

Author: By Nell Scovell, | Title: Friars Win NCAA Qualifier; Harvard Harriers Take Ninth | 11/17/1980 | See Source »

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