I think instead of waiving off loan to farmers, it would have better to provide them free seeds, tools, technology, marketing facility etc. This sort of waiver will next effect to another section of society.
RE:Waiver of loans to farmers
by King of Kings on Mar 01, 2008 10:12 PM Permalink
In future govt. can think like that. Govt. was doing like that only. But the amount was flowing to middle-agencies only; not to farmers. I feel this move will boost the rural India and hence basicaly powerful India. Jai Kisan, Jai Hind.
RE:Waiver of loans to farmers
by Fried Yakov on Mar 01, 2008 01:52 AM Permalink
Taxpayers in groups should start filing PIL's against the government for wasting the taxpayer's hard earned money on populist measures instead of urgent development of infrastructure and defence capabilities. Such a huge amount of money is literally what the taxpayer's paid to the government for development of infrastructure and security activities and not for populism of the ruling party. It is time that we educated Indians woke up to such massive squandering of limited national resources for populism. True, if the small and marginal farmers require relief, then relief to the tune of 25 % of the loan could be provided. This would have relieved a certain amount of financial burden of the farmers, thwarted corruption, while encouraging production of more food to take care of the rest of the debt, as well as left considerable more money for developmental projects. I think now the taxpayers should demand complete waiver of personal taxes from this populist government as a 'relief measure'.
