Word: indus
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...first move was to encourage pri vate foreign investment in India's des perately inadequate fertilizer industry (TIME, May 27). Then the government removed controls on eleven basic indus tries, including cement, iron and steel forging, and timber products. Two weeks ago, the rupee was devalued,* to combat inflation, shelter domestic manufactures against foreign competition, and make exports more salable in world markets. The Finance Ministry an nounced that it was working on an import-liberalization plan...
Throughout the entire Puget Sound area, stretching 140 miles from Tacoma through Seattle, Everett and Bellingham to the Canadian border, the land where settlers thought they had found a paradise, with sheltered waterways on the front step and mountains in the backyard, is bursting with new indus try. Already, natives are dubbing it Pugetopolis. Said Washington Governor Daniel Evans last week: "In our state's history, the present expansion is second in significance only to that during the gold rush...
Perhaps the most persistent problem confronting Common Market negotiations has been how to collect and pay out huge sums for farm subsidies among the Market's six nations as they unify their agricultural systems with common prices behind a common tariff. Indus trial West Germany was, for obvious reasons, reluctant to agree on high farm subsidies. And farm-rich France was not about to agree to anything that might deprive the French farmer of so much...
...water by industrial plants that often seem to rival Cartoonist Al Capp's highly pungent Skonk Works. They also emphasize the growing pressures on both industry and communities to spend heavily in an effort to speed up the attack. The Gov ernment estimates that 1) U.S. indus try will have to spend ten times its pres ent $100 million annually for treating waste water if it hopes to end industrial pollution of the nation's rivers; 2) communities will have to spend at least another $1 billion a year to halt sewage problems; and 3) cleaning...
...Sundra, a caravansary in the salt wastes of the Thar, Pakistani irregulars were doing their laundry one morning when an Indian 3-in. mortar shell slammed into their midst. Killed: a brown goat. The Paks - camel-riding Indus Rangers and bearded Hur rifle men - ducked behind mud walls and blazed back in the best Gunga Din fashion. A strafing run by Indian Vampire jets failed to dislodge the Pakistanis -indeed, they reported, did not even disturb the vultures circling overhead...