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Waiver of Farmers's loans
by on Feb 29, 2008 06:55 PM   Permalink | Hide replies

Who is going to bear this loss of Rs. 60,000 crores? I do not find it in the Statement of Disbursements-Revenue or Capiital.

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  RE:Waiver of Farmers's loans
by CatchTwentyTwo on Mar 01, 2008 03:04 AM   Permalink
That is what is budgeting. The waivers should be covered by the taxes that this burgeoning middle class of India pays and in part with an outlook to the future that the agriculture sector can perform better and in such a case, the pay off may be more than the waivers.

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Finance Minister's Budget Speech