SO SOCIAL SCIENTIST 47. See Foreign Exchange Regulation Act, 1973, Delhi: Govt. of India, 1975, p.l. 48. See Sudip Chaudhuri, "FERA : Appearance and Reality", Economic and Political Weekly, 21 April 1979, p. 739. 49. See Verma, Nauriya, Chenoy et.al., op.dt., p. 143 ff; and Nagesh Kumar, "Regulating Multinational Monopolies in India", Economic and Political Weekly, 29 May 1982. pp. 909 ff. 50. S.K. Goyal, "Some Aspects of the Operations of Multinational Coporations in India", Indian Institute of Public Administration, New Delhi, December 1980, mimeo. 51. New Age, 17 February 1985. 52 The confidential IMF documents on India's loan were published in abridged form in N. Ram's dispatches in the Hindu, 17-21 October 1981. See also: the white paper published by the Government of West Bengal on the IMF loan; and Verma, Nauriya, Chenoy et.al., op.dt., p. 183-188. 53. Sudip Chaudhuri, "Financing of Growth of Transnational Corporations in India", Economic and Political Weekly, 18 ^August 1979, pp. 1431-1435. 54. Nagesh Kumar and Kamal Mitra Chenoy, "Multinationals and Self-Reliance. A Case Study of the Drugs and Pharmaceutical Industry", Social Scientist, No. 107, April 1982, pp. 13-34. 55. Calculated from information in the Bombay Stock Exchange Directory. 56. Reserve Bank of India Bulletin, June 1974, pp. 1040-1083, quoted in Verma, Nauriya, Chenoy et.al., op.dt., p. 50 57. Goyal (1980), op.dt., quoted in Verma, Nauriya, Chenoy et.al., ibid. 58. Calculated from Union Carbide India Ltd. Annual Reports, 1981-83. 59. Indian National Committee of Science and Technology Department of Science and Technology, An Approach to the Science and Technology Plan, (Delhi, 1973), p.28 60. Calculated from India, Ministry of Law, Justice and Company Affairs, Directory of Joint Stock Companies in India 1980, (New Delhi, 1980), Vol.11, and India, Department of Science and Technology, Directory of R & D Units, quoted in Verma, Nauriya, Chenoy et.al., op.dt., P.54 61 Delhi Science Forum, Bhopal Gas Tragedy, (New Delhi: Delhi Science Forum, 1985). 62. Barry Castleman, "The Double Standard in Industrial Hazards", Multinational Monitor (Washington, D.C.), Vol. 5 No.9, September 1984 pp.'5-6. Another producer in India, Hindustan Ferode which is 74 per cent owned by Turner and Newall, the dominant British asbestos company, makes' anbestos textiles and brake linings in its Bombay plant The Indian press has reported that at least 35 per cent of the workers at the plant were affected by asbestosis and other diseases but "are neither discharged nor duly compensated". Times of India quoted in ibid., p. 6. 63. Kumar and Chenoy (1982), op.dt., Nagesh Kumar and Kamal Mitra Chenoy, "Multinationals in Less Developed Countries: A Case Study of Drug Multinationals in India", Internationales Aswnforum (F.R.G.), Vol. 14, Nos. 2/3, September 1983, pp. 175-194. 64. Kumar and Chenoy (1983), Ibid, p. 187. 65. Based on data on UCIL Annual Reports available wi 66. Kumar and Chenoy (1983(, op.dt., p. 187 67. Corporate Studies Group, op.dt, pp. 7 4-75 68. Ibid., esp. pp. 28-100; S.K. Goyal, K.S. Chalapati Rao and Nagesh Kumar, Small Scale Sector and Big Business, Corporate Studies Group, Indian Institute of Public Administration, New Delhi, February 1984, mimeo, esp. pp. 27 ff.