Good Descission but F.M. has to ensure that whose debt has been waived will not get any furhter loan for next Five Years. From: Maulik Zaveri, Ahmedabad
FM is absolutely wrong in waiving the loans of the farmers as its not the ministers who will bear the losses but its gonna be from common man's pocket. Instead things have tobe done to improve the conditions and the infrastructure available to farmers. If this keeps on happening many people ie i mean mainly the politicians themselves will see how this thing can be beneficial for them. But as it happens normally the common middle class man is always at loss as in the end he is acting as a coolie to decisions like these... India is really in a pathetic stage... no wonder the younger generation is moving abroad...
RE:Pathetic Decision
by MADHU prasad shetty on Feb 29, 2008 06:08 PM Permalink
Mr Ketan, I am a farmer my self and I agree with you completely. Most of the loan waiver will be enjoyed by businessmen and hobby farmers like me and none of the orriginal farmer will benifit out of this scheme. The money which should have been spent for river linking, widening of the roads, free schooling for the poor children, toilets in every corner of the city, electrification for the villeges, is being spent for this absolutely wronge reason keeping in mind of the election to come. The politicians in our country will not think twice to sell part of the state if he or she is going to be elected again so that he can continue with this kind of largely populistic but useless scheme. I would be glad if the loan at least goes to those who commit suicide daily instead of people like me for whom agricalture is a hobby and do not need waiver of any kind. all said and done I am richer by 5 lakhs today for no fault of mine.
RE:Pathetic Decision
by Jaydeep Chougule on Feb 29, 2008 06:15 PM Permalink
Mr Madhu, I am a farmer myself with 2 acres of farmland. We have sucked due to drought for last four years. Drought is not only in terms if water but electricity also. If my crop is better, I do not get price due to traders. This will definitely help farmers. If farmer does not produce, then what are you going top eat ? Software? Steel ? SEZs? Petrolium ?
RE:Pathetic Decision
by MADHU shetty on Feb 29, 2008 06:37 PM Permalink
Sanjeebji, I am truly a farmer with 1.96 hector holding but it is more of a hobby and not a serious business.
RE:Pathetic Decision
by Pradeep Sangwan on Feb 29, 2008 05:44 PM Permalink
Mr. Ketan, Do you know burden of subsidy on LPG/Petrol on Govt which is 90% consumed by you so called common man? Also do you know the subsidy on housing govt provides in Urban Area where Land is acquired by Govt on govt rates instead of market rates? People like you have divided India on various lines as you are concerned only for people of your community. Do`nt you know that africulture is backbone of any economy?
RE:Pathetic Decision
by dilip aru on Feb 29, 2008 06:31 PM Permalink
Mr Pradeep,
while ur points are truly noteworthy, do you actually know that the cost of production of petrol for eg is only Rs 18 per litre? This one litre of petrol comes to the common man at Rs 52/- per litre today. The balance amount od Rs 33/- per litre is made up of all sorts of taxes. In effect the tax part is far more than the cost of the product. If the taxes are rationalized, there wont be any need of subsidy as also the cost to the comon man would be less.
RE:Pathetic Decision
by prasobh martin on Feb 29, 2008 06:26 PM Permalink
if govt can give tax reduction of RS.44,000/- to people who r earning more than 5lakh/annum, govt should support the farmers-the people who r fighting with the land to give us food and having hardly any income. how many farmers will be having a loan of more than Rs.44000/?
RE:Pathetic Decision
by Pravin on Feb 29, 2008 05:53 PM Permalink
What do you think of the tax holiday that the IT industry is enjoying for ten years now???
WHO WILL PAY THE 60000 CRORE OF RUPEES. U COLLECT TAX AND WAVE OFF THE LOAN.U KEEP SUPPORTING THE MINIROTY WAT FOR THE UPPER MIDDLE CLASS.AND THE MINORITY WANT TO SUPPORT THE AL QUAEDA AND OTHER TERROIST GROUP IT IS ALL BECAUSE THEY KNOW THE GOVERNMENT WILL NOT TAKE ANY ACTIONS AGAINST THEM.AND EVEN IF IT TAKES THEY WILL BE OUT IN A FEW YEARS.
RE:who will pay the 60000 crore
by sanjeeb mohanty on Feb 29, 2008 05:43 PM Permalink
since most of the farmers are computer illiterate so u r saying too much inthis forum.just believe finance minister has saved a lot of family from being ruined.we people sitting on arm chair can speak like this .just watch these farmers face i am sure their stony figure ,body without flesh will keep u mum freind.if we will continuosly ignore their situation then we are not really educated and intellectual.LONG LIVE FM.
RE:who will pay the 60000 crore
by Pravin on Feb 29, 2008 05:54 PM Permalink
What do you think of the tax holiday that the IT industry is enjoying for ten years now???
RE:who will pay the 60000 crore
by on Feb 29, 2008 06:40 PM Permalink
boss u and me who earning with dropping a single drop of sweat on land and who r all sitting in a/c room and flying to abrod for spending their holiday will have to pay.
FM has waived loans for farmers. But what about those poor farmer who strived day and night saving every penny to pay the loan? They too are poor marginal farmer who faced great difficulties in paying back these loans. Som reimbursement should also be made to them. Otherwise wrongs signal would be sent which would result in a situation that those farmers which are paying loans will stop making payments in future and wait for relief or waiver.
RE:Waiver of Farmer's Debt
by Pravin on Feb 29, 2008 05:51 PM Permalink
Well said point my friend. This is like reprimanding the good guy and rewarding the wrong one.
Waiving principal amount it totally illogical and seems to have been done with ulterior motive. If the crop fails FM could have waived the interest totally. Where is the necessity of principal waiver?. Already farmers are enjoying income tax benefit. Are they supplying food articles free of cost to the government?. Are they not receiving price for that? Let the farmers pay their loan when the crop gives them good return. Adding fuel to the fire our beloved FM has announced that the farmers are eligible for fresh loan( for later waiver?). This is a kind of white collor bribery. In India land is free, TV is free, power is free, interest is free, loan is free. That is why India is now a free country. Where from the money comes for this. From political parties' corpus funds? From Politician's personal purse? From kickbacks? From Swiss bank accounts? It is all poor tax payers' money sir poor tax payers' money. This is an indirect bribe given to illiterate voters. What a sorry state of affairs. As per today's budget you need not have agricultural land to earn agricultural income. In your posh flat on the topmost floor have some flower pot. Call it a nursery. You can have tax free income. Yes this is agricultural income as per today's budget whichis tax free. Probably you can also raise a loan for this if you have political clout. In all probability this will be written off if you wait till next elections. I do not know what the election commission is doing. Unbiased dialog is requ
RE:Farmers' debt waiver
by VIJAY PATIL on Feb 29, 2008 05:26 PM Permalink
Although it seems illogical it is very necessary since it is long pending issue. At the present situation finacially blocked farmer could not contribute to increase the productivity of his farm. Which is directly reflecting in the slow down in the agriculture and reduce the national income. Only thing is that to avoid further such crisis in future, financial institution should saction the loan and recover it in disciplined manner with specific guidelines.
RE:Farmers' debt waiver
by Pradeep Sangwan on Feb 29, 2008 05:02 PM Permalink
correct and above that have you heard any farmer crying against subsidy given on LPG and Petrol which is 90% consumed by so called tax payers. India seems to be a divided country where we donot respect needs of communities other than our`s.
RE:Farmers' debt waiver
by CHAGANTI PRASAD on Feb 29, 2008 07:35 PM Permalink
Iam very sorry to know that there are such idiots and brainless guys who doesn't know anything about farming.How many farmers do you think are earning an income that can be taxed?You go on to a field and work for a day and see how farming is like.In India most of the farmers who provide food for guys like you doesnt have the opportunity to have two meals, infact one meal a day. Do you think you are giving any alms to the farmers. Its your duty to look after the farmers who are equal to your mother who has fed you.
RE:Farmers' debt waiver
by Souvik Jana on Feb 29, 2008 05:18 PM Permalink
Man the condition of Farmer in India is very pathetic... Dont think that they are getting a regular salary like job sector people.... Go and see the conditions of farmers in Vidarbha, West Bengal, Andhra etc and u will be moved to see their conditions... The Indian Agriculture seriously need updations on technologies and farming methodologies so that the situation of farmer can be improved at core levels...
RE:Farmers' debt waiver
by shashank patil on Feb 29, 2008 05:51 PM Permalink
you can find crorepatti doctors,engineers,advocates,public servants,and also BAR BALLAS .but show one crorepatti farmer in india who has no other income from any other source
RE:Farmers' debt waiver
by don dicosta on Feb 29, 2008 07:22 PM Permalink
smokers are really helping thanks EVERY YEAR THE CIGARATES WERE INTRODUCED PEOPLE HAVE BEEN PAYING 800% MORE PER CIGARATES SO THAT PTHERS LIKE FARMERS LIVE HAPPILLY ATLEAST THA CIGARATES AND ALCHOL HAS MADE THE MAN DO GOOD THINGS,THANK U SMOKERS THANKS
Wonderful discussion is going on here.I may be wrong in writing few things here, if it's so I may change my opinion also. Waiving the loan of the farmers are not new for us, since it is one of the game being played by our H'ble FM's whenever election are underway R Govt. is under any back slash. It's true that these money are not coming from Govt. coffer, but from common people.On one side banks are slashing Interest rates for the depositers ( Irrespective of Small savings R More )and on other side they are compelled to waive the loans to Farmers, etc., due to the elected Mp's. In this Rediff msg board we can have lot fighting, but anything will come in reallity. Hence, dears,instead of fighting here, we have to emphasis by writing to the Govt. & banks, where they will generate this much of money which they are waiving off. In simple, they can do this waiving off, by choosing carefully who are they are exactly affected by getting the inf. properly from the concerned authorities, which will be hectic task for the Govt.
RE:Farm Loan Waiver
by sanjeeb mohanty on Feb 29, 2008 05:50 PM Permalink
yes we r talking of interest slashing since we have money to save in bank.but how long can we ignore this huge community those who have no money to eat and to give their children a proper educatin,proper healthcare even? they r even commiting suicide.at what situation they r doing so?just think about this.
This is our money. This money use from to people shake. But our FM use this money is shake of Political Party. That people know next year we people are gone to the home. Beacuse our Indian People are Very Intligent Beacuse this type of we people are give the budget. when our country is porgress? People ask the question? to the goverment!! This goverment totally listen the leaftside People who give the support to the goverment. There no own dision taken. Their moto is only on we people rule the india. But it is not True 2009 is the GOLDEN year of the Bharat.
RE:People Budget Or any Political Party Budget
by sanjeeb mohanty on Feb 29, 2008 05:56 PM Permalink
we people can hardly understand these farmers silent cry.we rather expect some violence like maoist.only after that we will be forced to listen their voice.India's largest communtiy was not helpless.commiting suicide.our industrilist ,actors are spending crores in buying cricktiers.but just on otherside farmers are commiting suicide.what's wrong if the government has spent in their rescue.
