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It is obvious that the Government and the Finance Minister are concerned with the rise in inflation and are taking steps to contain it.

In this context, I am reminded of the Compulsory Deposit Scheme (CDS) of the 1980s, wherein a certain percentage of salary was compulsorily deducted and deposited in the account of the wage earner to be returned with interest after a certain lock-in period.

This curtailed excess money reaching the market which, in turn, prevented prices from rising. The Finance Minister can consider this as a weapon against inflation.

C. V. K. Moorthy

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