Stimulus Package for Rich but No Subsidy to Poor
Reality of stimulus package is now visible; Fiscal deficit is increasing, trade deficit is increasing, current account deficit is increasing and GDP is coming down, IIP figure is coming down, rating of banks is coming down rating of country is at alarming position and so on ….Borrowing by government has been consistently increasing, public debt has reached to the level of 46 lac crores i.e. around 40% of GDP. Still government is allowing one after other subsidies to big corporate, exporters and importers.
Total subsidies, interest relief, and tax relaxation provided per year to high profile corporate comes to the tune of ten lac crores which is at least four times more than the total of subsidies provided to common men in the name of fertilizer subsidy or fuel subsidy. How can one dream of good results for common men when the present government continues such pro rich policies in the name of reformation.
I do not know whether stimulus packages announced by our government after 2008 -09 subprime crisis for Indian corporate has resulted in what it was meant for ,But I may categorically say that the medicine politicians are prescribing to cure the fiscal problems are less than what they are doing to fuel the sickness, to aggravate the crisis and to add fuel to fire of problem.
Total subsidies, interest relief, and tax relaxation provided per year to high profile corporate comes to the tune of ten lac crores which is at least four times more than the total of subsidies provided to common men in the name of fertilizer subsidy or fuel subsidy. How can one dream of good results for common men when the present government continues such pro rich policies in the name of reformation.
I do not know whether stimulus packages announced by our government after 2008 -09 subprime crisis for Indian corporate has resulted in what it was meant for ,But I may categorically say that the medicine politicians are prescribing to cure the fiscal problems are less than what they are doing to fuel the sickness, to aggravate the crisis and to add fuel to fire of problem.
http://jaindanendra.blogspot.in/2012/05/economics-of-chandra-sekhar-was-better.html
Government has solution to economic problems India is currently facing.
In fact PM Mr. Manmohan Singh and FM Mr. Pranab say boldly that High rate of Inflation and Price Rise symbolise the prosparity and development taking place in the country under UPA rule.
http://jaindanendra.blogspot.in/2012/05/government-has-no-solution-to-economic.html
Common men should therefore expect no relief from current government because the government considers the problem of common men as sign of prosperity
|
|
