The joy if giving even it is not your own. I find this to be a strange philosophy; the fact that you can't give anything that you don't possess notwithstanding. The Taxpayer has a right to ask the Govt about disbursing money in this casual manner. Fundamentally, it seems that the Govt of the day have derlicted on their duty to undertake works for the public good. Mr Nehru believed that it was the only thing worth pursuing. But, this Govt thinks only of setting up regulators of all kinds, and throwing money after bad loans. I cannot understand why it still continues to call the dole to the farmers as "loans" having duly acknowledged them as bad. There is a need here to call the demands made by farmers on the PSU banks as Government Poverty Doles and those borrowed from private moneylenders as loans.Otherwise,one can clearly see a potential for mischief when the private money lender becomes a " farmer" taking loans from the PSU banks and advance loans to the poor farmer as loans at exhorbitant interest rates. This is very similar to the one time waiver to the smugglers to become legitimate by declaring their unaccounted incomes and avail of tax amnesty.
Writer seems closer to the real situation. it is difficult to assess the impact of loan waiver either way, unless FM and krishi mantri come with statistics. In fact once budget is announced all documents relating to budget preparation must be put in public domain.
