RE:RE:BAKWAS BUDJET
by Sanjay on Apr 10, 2008 01:13 AM Permalink
I don't know about the much about the economics, but at I think instead of giving 60,000 Crore Rs for farmers dept this government must have spent this money on building infrastructure for agriculture like dam, road to villages, pipeline connection to every village and electricity to every village, not only this year but every consistant year that are coming. This loan waiver skim is just a political gigmick and if they want to extract vote out of them then they also expect the negative fallout of it also. See, now karnataka is going to election and what congress is giving to the people (free Color TV, rice etc). This type of politics congress should avoid, but congress never learnt a lesson and so it is going to may the price for it.
RE:BAKWAS BUDJET
by pranab parajuli on Apr 09, 2008 01:59 PM Permalink
True. Infrastructure shud have been given more weightage ..... but is it only Infra underdevelopment?
What other things in the budget are rising the inflation?
RE:BAKWAS BUDJET
by chetan kotur on Apr 09, 2008 02:26 PM Permalink
Our priorities are not set correctly.. 1. infrastructure. 2. Education and So on.. bt i dont thk thats the case.. and easier said than done..
RE:BAKWAS BUDJET
by pranab parajuli on Apr 09, 2008 02:50 PM Permalink
See, these are issues that come in 5 year plans. Lets look at the main immediate issues. What are those?
RE:BAKWAS BUDJET
by pranab parajuli on Apr 09, 2008 03:53 PM Permalink
we have .... but the reasons that you have mentioned are issues that are handled in long term plans. These are not handeled in short term plans ....
But the congress led governments also take advantage of the situation in whatever way the results go. My utter shock is last pouch of edible oil I purchased was for Rs93/- and this month the same thing is priced well above Rs108/-.How can one reconcile to this reality? Dead sure that FM&PM have slipped by suffering from forgetfulness about the common man and his budget. I think even their wives have forgotten to remind about the increasing prices of essential comodities.
RE:panic among the Congress leadership
by chetan kotur on Apr 09, 2008 02:27 PM Permalink
"I think even their wives have forgotten to remind about the increasing prices of essential comodities." U forget .. Thy get it for free..
What rediff.com.. no controversial topics off late..no south-north, no muslim-hindu no maraathi-non maraathi, no SRK- Big B- rajni... what are u guys doing..;-)
The policies of the unconstitutional UPA Govt.are responsible for 2 to 3 fold increase in the proces of all the commodities as compared to the prices at the time of NDA rule.
RE:HE FEARS IT BECAUSE HE IS RESPONSIBLE FOR IT
by RAJEEV GUPTA on Apr 09, 2008 01:49 PM Permalink
Just go through all the Union Budgets presented by him and you will find the answer.
RE:HE FEARS IT BECAUSE HE IS RESPONSIBLE FOR IT
by pranab parajuli on Apr 09, 2008 01:53 PM Permalink
see ..... answers like urs come wen u do not have anythin ready up ur sleeve ..... i am not supporting the UPA govt. But i wud like u to list down the policies that u feel are raising the inflation .....
RE:HE FEARS IT BECAUSE HE IS RESPONSIBLE FOR IT
by Ramesh Shah on Apr 09, 2008 02:09 PM Permalink
just see the new types taxes levied by chidambaram. he has taxed just about anything you do. all these finally add up in the prices of what you buy; no businessman pays taxes from his pocket. even the invisible, but widely applied, service tax adds to the costs.
this is one big negative thing that UPA has done which contributes to the inflation.
RE:HE FEARS IT BECAUSE HE IS RESPONSIBLE FOR IT
by pranab parajuli on Apr 09, 2008 02:31 PM Permalink
I dnt fully agree to what you say ..... true, the budget has increased the spending power of an individual and hence hampering the inflation, but along with that it has given a lot more subsidies to the farmers. Infra has been neglected and hence things become expensive. Excise duties have also been reduced. There has also been debt relief given to farmers.
So which new taxes are you talking of? I mit be unaware of those. Please elaborate.
P.S.: I am specifically talking of things that affect the inflation here.
RE:HE FEARS IT BECAUSE HE IS RESPONSIBLE FOR IT
by RAJEEV GUPTA on Apr 09, 2008 03:19 PM Permalink
Look at the number of services which have been very greedily have been brought to the Service Tax Net.And to add fuel to the Fire-Introduction of the most controversial FBT and BCCT..the list is long Mr.Pranab and you have to apply yourself rather than finding the readymade answers at this Forum itself.
RE:HE FEARS IT BECAUSE HE IS RESPONSIBLE FOR IT
by pranab parajuli on Apr 09, 2008 03:56 PM Permalink
I believe i am a novice in trying to understand the nitty grities of the indian economy. Hence i thought i would gather some knowledge from you esteemed economic analysts and reason them out for further understanding. Seems people like you come here just to point their views out rather than discuss them.
Inflation truly is a matter of concern. Since 2000, the growth of Indian economy has been phenomenal. But now due to inflation rise, there is a whole possibility of growth slowdown and it becomes necessary for the government take necessary steps to prevent its further rise. Leave the political barriers aside, and I urge everybody to fight against rising inflation. Or else we will face the same situation as of US economy in near future.
RE:Inflation truly is a matter of concern
by Akash Kumar Sharma on Apr 09, 2008 01:48 PM Permalink
Make necessary steps to ensure that the inflation should not rise.
RE:Inflation truly is a matter of concern
by pranab parajuli on Apr 09, 2008 01:55 PM Permalink
so what are the steps according to you .... n i promise to follow them if i find them right ....
RE:Inflation truly is a matter of concern
by Ramesh Shah on Apr 09, 2008 02:13 PM Permalink
reduce the heavy tax burden, for one. heavily increase petrol prices, greatly reduce diesel prices.......
RE:Inflation truly is a matter of concern
by Manoj Kumar on Apr 09, 2008 03:03 PM Permalink
I hope the suggestion to the government may be as follows.
1) Eliminate the middle men on buying the agricultural products. 2) Curb the exports tentatively. 3) Get rid of all the black markets in india. 4) Encourage more agriculture and farmers in villages not by way of waiving off the loan but by paying the right price for their product they produced. 5)Reduce your excise duty on petrol and to offset the same try to collect the tax properly from all business man. (Form a database to ensure who is doing what business and what is their revenue. I dont think VAT has accomplished its purposes).
RE:Inflation truly is a matter of concern
by pranab parajuli on Apr 09, 2008 03:59 PM Permalink
I agree to many points that you have suggested. But don't you think there will be widespread unemployment if these steps are taken?
RE:Inflation truly is a matter of concern
by pranab parajuli on Apr 09, 2008 02:38 PM Permalink
You had said "I urge everybody to fight against rising inflation. Or else we will face the same situation as of US economy in near future."
How do i follow ur steps? Do i go to the govt and ask for all these??? You must be crazy.
The tax burden has just been reduced and on reducing the tax burden, the govt has anyways increased the spending power of the ppl, hence more inflation. And you want this to be reduced further. Great.
And do you think that the comman man would like his petrol price to go up hugely? Your req and steps are totally baseless. Suggest something viable.
RE:RE:Inflation truly is a matter of concern
by Manoj Kumar on Apr 09, 2008 03:06 PM Permalink
Also cut the tax discounts to those person who build a house in his or spouse name if he already has a house.
I don't think it will be very fair to come to a judgement like this based on just one NDA debacle and one Congress experience.
The situations are always different and there are many other factors which influence elections. So we should not look at the whole thing through the cause and effect window.
inflation ... does it not mean more money chasing too less goods? ... so the price goes up..so the money supply has to be controlled... How inflation leads to lesser jobs and economy slowdown? It is recession that will lead to lesser jobs ...
RE:inflation
by rajeev b on Apr 09, 2008 02:37 PM Permalink
sir it is too much money chasing too few goods. But in the case of essential commodities, this cannot be done as the people will have to consume these type of goods.
