Indian Nationalization Plans A CCORDING to the projects of r"/
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several Provincial Governments in India, the nationalization of road transport will be started by April I.
The Government of Bombay has planned to invest over Rs.5,000,000 in a three-year nationalization scheme, which is expected to begin on April 1. It is proposed to set apart for the Provincial Government Fund all income over and above 5 per cent. derived from the State venture. Three railways have been authorized to contribute 25 per cent, of the share capital.
The Madras Government is reported to have offered only 15 per cent, share contribution to the railways_ and negotiations are in progress to increase this percentage. In the United Provinces, tripartite joint-stock companies have been floated, with the railways providing 25 per cent., United Provinces
Government 34 per cent. and road operators 41 per cent. Seven companies will operate in the plains and two in the hilly tracts. • In the Central Provinces, the Provincial Government already holds 25i per cent, of the share capital of two transport companies. The railways have been offered 25 per cent., and the two companies will be taken over by the Government.
Bihar plans to run one transport company for the entire Province, the railway having a 25 per cent. share in it. Similar arrangements have been contemplated by the Orissa Government.
The Provinces of East Punjab, Assam and West Bengal, which are all affected by political changes, have as yet been unable to come to a decision on a definite policy with regard to nationalization of road transport.