Sir, it is very necessary for us to profit from the experience of highly industrialised and advanced countries.  At the same time, we cannot copy the methods that were evolved by those countries. We cannot copy that principles that were evolved in an entirely different context and "transplant" them here! Trade mark is a type of industrial 'property'. The (ownership) of trade mark has developed entirely in a different context in England in America, in Austrial and other countries. When the (capitalist&economy) was thought to be sacrosanct, when it was considered that nothing could be done against the ownership of a particular property, these principles were evolved. Here, when we have set before us the social objective of establishing a socialistic pattern of society, when we have decided to have, besides a heavy industries sector, a cottage industries sector and a small industries sector, it is perfectly obvious that we cannot transplant those principles obvious that, though the joint Select Committee has amended it to some extent, as far as this important aspect is concerned, It has ignored the fundamental or the basic objective. Let me illustrate my point. Here, as I have just now informed the House, our social objective is to establish a socialist pattern of society. But we also envisage a heavy industries sector, a cottage industries sector and also a small industries sector. I am happy that as soon as Pranab Da became the Finance Minister, he called the Chairmen of all the banks and told them that whatever stimulus packages are announced by the Government and whatever changes are announced by the Reserve Bank of India in its Monetary "Policy" you should follow them in letter and spirit. I have to say that some banks are following them in letter and spirit; but some banks are still charging high rate of interest. The Reserve Bank of India has brought down the repo rates, it has brought down SLR etc and so the interest rate should automatically come down. But some banks are still keeping the interest rate at 13.5 per cent or 14 per cent.
