Madhukar rubbishes the claims that the Rs. 60,000 crores waiver to the small and marginal farmers in the 2008 budget is an electoral “sop”:
Linked by bhupinder. Join Blogbharti facebook group.The highlight of the India’s Annual Budget yesterday was the waiver of Rs.60,000crore ($15bn approx) debt to the small and marginal farmers.Some hailed this as “revolutionary”, while others criticised this as a “populist stunt” – a “sop” given with the next year’s elections in mind. In either case, both sides agree that this is “whopping” amount.
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