Advances against wheat
The Reserve Bank of India has withdrawn with immediate effect the regulatory provisions relating to advances against wheat. Announcing this, a Press note issued by the Bank in Bombay on May 17 says: “The wheat crop for 1960-61 is expected to be higher than the record level of 9.8 million tons achieved in 1958-59. Substantial supplies are also assured under the P.L. 480 programme. Wheat prices have tended to decline and are at present lower than a year ago. In view of the improvement in the supply and price situation and in conformity with the Bank's policy to operate selective credit controls in a flexible manner, it is no longer considered necessary to keep in force the restrictions on advances against wheat.”
Welfare of children
The Indian Council for Child Welfare, which concluded its two-day annual meeting in New Delhi on May 16, has urged the Central and State Governments to undertake “new schemes and projects for child welfare.” The existing services for children and the machinery for it should be reoriented “to meet the total needs of the child on an integrated basis,” a resolution adopted by the Council said. It expressed appreciation of the allotment of Rs. Three crores in the Third Plan separately for child welfare and hoped that the Government would “continue to give special attention” to child welfare.
We regret to record the death of Sangeetha Kalainidhi Mysore Vasudevacharya, well-known composer and musician, on May 17 at his residence in Adyar. He was 96 and the end was almost sudden. Till the last moment, he was speaking to his friends and musicians who were with him. He is survived by his only son. Smt. Rukmini Devi, President of Kalakshetra, called at his residence to pay her respects to the great musician. Mr. P.V. Rajamannar, former Chief Justice of Madras and President of the Sangita Natak Academy, in a message states: “The Grand Old Man of Carnatic Music has passed away leaving a void which can never be filled. He was not only a great musician, but he was also one of the most versatile composers of recent times.”