This 60,000,00,00,000 (60k crore) loan waiver is really making me uncomfortable. Where is this money coming from? Is this going to lead to a budget deficit next year? If the UPA gets the 4 crore votes that it is expecting bcos of this largese and returns to power again, I wonder whether next year the bodget will have increase in personal taxes, increase in educational cess, surcharge on tax above certain limit etc etc. What looks good today, may turn out to be a monster tomorrow
