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35128Re: Your budget analysis of social sector proposals?

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  • Praful Vora
    Feb 29 11:32 PM
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      I 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
      of India?
      --------------------------------------------------
      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
      Computerization.

      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
      today.

      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 karmayog@yahoogroups.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
      presented views.
      >
      > Thanks
      > Vinay
      > www.karmayog.org -- understanding the future
      >
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