Honourable Members have heard from my colleague, the finance minister, how the full burden of the appellate tribunal award might have brought about a crisis in the banking industry. In particular, he has told the house how banking facilities in rural areas might have suffered a serious setback on account of the burden. The arguments that he has adduced are before the house, and I would request hon. Members to consider them dispassionately. If any bank is really going to suffer a serious setback, I am sure that this house and, I venture to say, all sections of it will accept the necessity of modification, however much they might ordinarily such a step as being bad in principle and unacceptable in practice: After all, it is only in a "Healthy" 'economy' that bank employees, or any other groups of wage-earners can hope to secure a reasonable living. Members have pointed out, this bill has had a very chequered history. I do not think in the history of parliament, after this country became independent, any bill has suffered the duress of circumstances so badly as this bill has suffered. But all the same time, it does indicate the confused thinking of the government of India. Really, how to explain the situation? This bill has been introduced again in the forth Lok Sabha. As the hon. Member, this bill has assumed really a very peculiar character because, somehow or other, neither the government nor the persons have been able to explain fully as to what exactly they want to do with the patents in this country. What is deflation? Inflation will come down. It will come to zero. Investment is declining. Demand is declining. That is what is happening in Japan. That is what is happening in US. That is what is happening in the U.K. Do not take pride that inflation has come down. It is going to lead to deflationary situation. In such a situation, we need to facilitate demand creation. There is a very interesting story about Keynes. Keynes said if there is no job, tell the people to dig the earth and tell the same people to fill the earth.
