No one has time to nude this drama of UPA Govt through budget.
Suppose I borrowed Rs 1000/- from the bank and bank says that it is waiving loan of one crore rupees of mine, then it should be called 420 or not? This is democratic fraud committed the government of democratic country, so it would not be punished in the judicial court. Only voters can punish this bogus fraudulent government. Who will educate the people?
The following is rightly commented:
On February 20, the Minister was on the dais with Mrs Sonia Gandhi, Mr Rahul Gandhi and Mr Murali Deora in Rae Bareilly, addressing a farmer’s rally. Mrs Gandhi asked the Minister in front of the farmers “to keep the hardships faced by (among others) farmers in mind while preparing his Budget”.
Agreeing with her, the Minister told the farmers gathered there that the banks “are not doing a favour when they lend money to you” and added, the banks “are discharging their duty, when they are lending the money”.
When the Minister reminded the banks of their duty to lend, it would be unfair to assume he was insidiously planning to tell them later that it was their duty to write off what they had lent!
Yet, it is possible that the decision was taken at the Rae Bareilly rally of farmers, not in North Block. Drama plot was written there to publicize artificial loan waive drama.
The above fraud is Big B of following:
Defeated Congress candidate Budhsan Markam complaint to High Command of Congress that Rs one lakh was given to him but local Congress got signature of him on Rs 25 lakh.
(2)
No new scheme has been announced in this year’s agriculture budget.
Opposite to this, there have been cuts in the allocations for the National Crop Insurance Scheme and the pilot weather-based crop insurance scheme.
At the same time, the Minister did not give in to the wide-scale demand for reduction in the institutional interest rate on farm loans from seven to four per cent.
(3)
In his 2006-07 Budget oration, the minister had referred to the Dr Radhakrishna group report recommendations and assured Parliament that he “would act on the report as soon as it is received”, meaning that he would implement the report. The report was submitted in August 2007.
Contrary to the minister’s view that the debt due to the banks kills the farmers, the group says that it is the farmers’ debt obligations to private money-lenders, not the bank dues that kill them. The group found that 36 per cent of the private farm loans are taken at 20-25 per cent interest, and 38 per cent of the loans at above 36 per cent interest. The panel also found that small farmers, who account for 80 per cent of the indebted, depend more (50 per cent) on private lenders.
(4)
“Born in debt, live in debt and die in debt”
''Getting my loans waived means I can farm again and I can also take another loan,'' said a farmer.
At the time of British rule the government distributed free tea. Thus we got habit to drink tea.
Govt waive the loan, it is O.K. But what Chidambaram’s allocation of fund for the improvement of agriculture and the living standards of the farmers is?
Take an example of borrowing for capital investment (tractor, tubewells, soil conservation etc.) purposes. Worse, depletion of ground water and deteriorating soil quality forces farmers to borrow heavily. Depletion of underground water forces them to deepen tubewells every fifth year. The traditional centrifugal water lifting technology became redundant and was to be replaced by much costly submersible technology. As a result, sunk capital investment multiplied many times. The result: debt accumulation.
(5)
PIL in the Supreme Court
As reported in the Economic Times: There is a PIL in the Supreme Court, after the announcement of budget. PIL by advocate M L Sharma has sought a direction to the Finance Ministry and the Reserve Bank of India to place the list of banks and the loan amount due to them.
The advocate contended that there was no such huge amount of farmers' debt with the nationalised banks.
Prior to February 29, 2008, according to RBI, there was no bank having any dead/sick agricultural loan in their balance sheets, the petitioner said.
In the absence of any concrete data to determine the exact amount as Rs 60,000 crore total farmers loan, the petitioner said that "it is nothing more than an election fund under the garb of farmers’ loan which is being withdrawn from the treasury by the politicians".
(6)
The waiver of loans taken for farmers with two hectares (or 5 acres) would not add up to much for a cotton grower of Vidarbha who does dry-land farming, since they have to look at other informal means to meet their borrowing needs
In contrast, the per acre loans available for growers of sugarcane, grapes and horticulture crops will benefit hugely. This is the region of Sharad Pawar and Vilas Rao Deshmukh. So this scheme beneficial of those regions where suicide not happened.
Suicides happened in wholesole in the Vidarbha, Chhattiisgarh and like these other provinces. They would not be beneficial of this loan waiver budget.
"While grape and sugarcane growers will get lakhs of rupees waived in one stroke, the cotton and dry-land farmers will barely get Rs 30,000 waived. So the only way this waiver can work in favour of farmers is to waive up to a certain amount, say Rs 50,000 per farmer, or have different waiver limits for dry land and irrigated land farmers ," an activist of Vidarbha said.
The waiver won't help indebted farmers in Chhattisgarh which has been reporting farmer suicides because most of them hold four and five hectares (10 to 12.5 acres). Do suicide, and then get relief in Budget
‘Jai Jawan Jai Kisan’ is flowing tears
Thousand farmers have been pushed for suicide in ‘Vidarbha and other places. Their families flow tears. Slogan of Lal Babhadur Shastree ‘Jai Jawan Jai Kisan’ is flowing tears. Lame duck Puppet PM is nuked, not for rise in prices and suicides?
''Getting my loans waived means I can farm again and I can also take another loan,'' said a farmer.
More than 1,600 farmers have allegedly committed suicide in Vidarbha during the regime of Congress with its allies led Maharashtra and in the centre. Farmers foundcrop cotton of Rs 300/ after investing Rs. 3000/. They are in debt. A family head did suicide and after that his son studying in the engineering college returned.
E-mail: agrawapremendra@hotmail.com
|