35128Re: Your budget analysis of social sector proposals?
- Feb 29, 2008I noticed that many Central Govt. employees are responding with their
inquiries and comments to the Economic Times (29th Feb) news item on
the probable hike in salaries due to the Sixth Pay Commissiion Report.
I feel disgusted at the quality of the comments. All who are
reasonably well read should be aware that the Sixth Pay Commission
Report will be presented only on the 31st March 2008. The fact that so
many of the responses to the news are still asking for details shows
their poor knowledge and therefore their inferior skills. Yet they are
among the first to ask for more! The 28th Feb. issue of The Eco Times
shows that the probable 25% hike in salary for the FOUR million
central employees will need an additional rupees 48,500 crore. This
sum is more than the 'proposed allocation' for 'health, schools and
agriculture' taken together. Something to think about.
While these FOUR million want a life free from deficiency, will they
daily think about the deficiency syndrome of the 300 million citizens
In another Economic Times item (29th Feb), the DOUBLING of the spend
on 'administration of justice' from rupees 108 to 253 Crores in the
last budget is discussed. It seems rupees 115 Crores was set aside for
I wish to point out: Prompt delivery of justice must go hand in hand
with in better education. While the latter has received a big boost
under various schemes, just doubling justice spending is not enough
since we are already woefully short of courts and their infrastucture.
I wish in this FY09 bill, it has been tripled with specific monitoring
for more courts, more judges at all levels and more mobile courts, of
the justice system. Better computerization will only beget better
statistics, not better justice, this funding should be outside the
spend for actual justice implementation.
This new Finance Bill FY09 has done the unthinkable in populist
policy. Writing off farmer loans, reminds me of an earlier era.
During PM Indira Gandhi's time, one of her Ministers: Janardhan
Poojari, would go about arranging 'loan melaas' and distribute money
and garner votes. This was considered a great socialistic move and
praised such that 'Indira became synonymous with India'. She outdid
her father the great Jawaharlal who abdigated on 'compensation' for
'land nationalizaion'. She is remembered for 'prince purses', bank
nationalization' and 'collieries nationalization'. We citizens are
still enjoying the fruits of these great deeds. There is no shortage
of fools, right from Md Bin Tuglak's time, who gave away gold coins
for copper. These 'gigantic personalities' are revered-revilled, even
This single deed has dealt a body blow to financial prudance. Now the
farmer will always think that a 'loan' after delinquancy becomes a
'grant'. In some way, this has been going on every few years in some
measure. A simpler policy would have been to reduce interest rates to
2% retroactively, grant a five year period to pay off amount thru
EMIs, allow fresh loans to be permitted, again at lower rates. Why
should farmers pay higher rates than what the RBI gets for its dollar
securities? Allow 'market' driven economy for farm products, provide
supply chains free of state borders, better seeds and technology free
to the marginal farmers, tax the rich farmers who earn more than Rs. 3
lakhs per year. Force the 28 states to fall in line, by denying their
farmers the above benifits, for not cooperating. Most important is to
encourage thru fiscal measures, marginal farmers to combine with
others so that their joint holdings reach 100 hectares, which will
allow economies of scale. Such cooperatives to be like village
panchayats, keep all politicians out of it. Dissolve all politicial
driven farm cooperatives by denying them tax deductions and subsidies
of any kind.
Such simple reforms have been known to work since the last plan
period, yet our FM Chidu has no heart for it. Giving a fish instead
of teaching how to fish, ensures that the particular group remains
enmeshed in poverty to be then browbeaten evey election time. I am
certain this FM will join the other 'gigantic personalities' mentioned
before and be revered-revilled for ages to come.
--- In email@example.com, "karmayog.org" <info@...> wrote:
> Please email us your comments on the proposals made in the Union
Budget on 29th Feb pertaining to the Social Sector.
> All responses will be displayed in the "Join Today's Discussion"
link in www.karmayog.org .
> Individual perspectives highlight different pros and cons.
> This enables a broader and deeper understanding than commonly
> www.karmayog.org -- understanding the future
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