WHAT IS THE WHOLE TRUTH BEHIND THE SOPS FOR FARMERS IN THIS BUDGET BY P.CHIDAMBARAM - FINANCE MINISTER OF INDIA
While India moves on to compete with the best in the world in terms of products, services and economy in 2008-2009 we have had a superb sounding Budget with lots of sops for the common Indian.
I don't deny that I am not happy with the budget but a few questions crawl up everytime I see the budget and the agenda with which it has been produced in a year when India shall go to polls.
Rs.60,000 crores (10Lakhs =1Million) has been waived off for the small farmers who have taken loans and who have no more than 5 acres of land under cultivation and who cannot pay back the debt from the various banks.
But who will fund the whole waiver? How will Mr. P. Chidambaram, the maverick Finance Minister has devised this huge number?
He doesn't tell us nor the Indian Parliament how he plans to do this? By June 30, 2008 he says all the banks shall have this money!
www.southasiatimes.in/current_news/loan-waiver-will-not-lead-to-collapse-of-banks-fm/
Here one can read what the FM says and how he can pull it off!
Unimaginable but true!
If the Congress goes ahead with their signing the Indo-US Nuclear Deal then India goes to poll before this summer.
So I wonder if the elections happen we shall never see the waiver really happen; as in it shall never go down well to the needy farmer who deserves this help.
But now there are more issues... How we build an agrarian society which does not take lives of the people of India.
We should also work out something on those lines.
Keep Hope....
I don't deny that I am not happy with the budget but a few questions crawl up everytime I see the budget and the agenda with which it has been produced in a year when India shall go to polls.
Rs.60,000 crores (10Lakhs =1Million) has been waived off for the small farmers who have taken loans and who have no more than 5 acres of land under cultivation and who cannot pay back the debt from the various banks.
But who will fund the whole waiver? How will Mr. P. Chidambaram, the maverick Finance Minister has devised this huge number?
He doesn't tell us nor the Indian Parliament how he plans to do this? By June 30, 2008 he says all the banks shall have this money!
www.southasiatimes.in/current_news/loan-waiver-will-not-lead-to-collapse-of-banks-fm/
Here one can read what the FM says and how he can pull it off!
Unimaginable but true!
If the Congress goes ahead with their signing the Indo-US Nuclear Deal then India goes to poll before this summer.
So I wonder if the elections happen we shall never see the waiver really happen; as in it shall never go down well to the needy farmer who deserves this help.
But now there are more issues... How we build an agrarian society which does not take lives of the people of India.
We should also work out something on those lines.
Keep Hope....
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