THE PROBLEM OF THE RUPEE - Page 403

388 DR. BABASAHEB AMBEDKAR : WRITINGS AND SPEECHES

pre-eminently a country subject to seasonal swings.* Midsummer is naturally a period of diminished activity, while autumn brings renewed vigour in all activities of social and economic life. Not production alone is affected by seasons. On the side of consumption, Indian social life is also subject to seasonal variations. There are marriage season, holiday seasons and holy seasons. Even distribution has assumed in India quite a seasonal character. The practice of paying rents, wages, dividends, and settling accounts at stated intervals has been gaining ground as a result of contact with Western economic organization. All these generate a kind of rhythm in the social demand for money, rising at certain periods of the year and falling at others. Having regard to the seasonal character of the economic and social life, the fluctuations caused by the discount rate soaring high during busy months when it should have been low enough to liquidate the transactions, and falling low during

follows :— Col2 Col3 Col4 Col5 Col6 Col7
Months Eastern India Western India Bombay and Karachi Northern India Southern India Madras
Rangoon Calcutta Cawnpore Lahore
Busy Slack 3 Months 9 Months 4 Months 8 Months 6 Months 6 Months 6 Months 6 Months 9 Months 3 Months 6 Months 3 Months
January February March April May June July August September October November December Busy ” ” Slack ” ” ” ” ” ” ” ” Slack ” ” ” ” ” ” Busy ,, ,, ,, Slack Busy ” ” ” Slack ” ” ” ” ” Busy ” Slack Busy ” ” Slack ” ” ” Busy ” ” Slack Busy ” ” ” ” ” Slack ” ” Busy ” ” Slack Busy ” ” ” ” ” Slack ” ” ” ”
Busy Slack Busy Slack Jan. to March April to Dec. … … Aug. to Nov. Dec. to July … … Nov. to April May to Oct. … … Feb. to April May to Aug. Sept. to Nov. Dec. to Jan. April to June July to Sept. Octo. to March Feb. to July April to Dec. … …