RE:After Effects Of Budget!
by mandook on Apr 01, 2008 09:26 AM Permalink
Good. PC has been boasting of managing finances well. The media were euphoric about his "dream" budgets. All this is transformed into a bad nightmare dream. The measures now being launched to do fire fighting inflation are half hearted and not intended to help the poorer sections of people. What is the use of increasing export duty on "basmati" rice, who consumes basmati rice in India? Not even the upper middle classes. In all this government is also losing revenues and therefore the deficit financing will widen, leading to further price increases. Government has not done anything to raise production levels of commodities which alone can save the situation. PC should accept his failures and step down.
