National   

“Root cause not addressed”

CHENNAI: The Union budget’s proposal for clearing the indebtedness of small and marginal farmers is ad hoc. It does not aim at removing the root cause of farmers’ deprivation, which is lack of remunerative price for their produce, Subramanian Swamy, Janata Party president said. Describing the budget as “hotch-potch retrograde,” Dr. Swamy said it lacked vision, strategy of reforms or direction. The claims of the Finance Minister on accelerating growth in gross domestic product, output of food grains, institutional credit for agriculture and performance under the Bharat Nirman were misleading as the Economic Survey 2007-2008 revealed the contrary. Besides, “there is no long-term scheme for desperate farmers committing suicide, salaried persons “suffering from inflation,” small and medium industries “suffocated” by globalisation and for stabilising the “volatile” stock market.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Waiver won’t end indebtedness: Bardhan
With loan waiver, substantial line of credit has opened up: Pawar
AIDWA hails focus on agrarian crisis
Loan waiver an eyewash: UNPA
Mumbai, Malegaon blast trials stayed
No relief for farmers in informal sector
An opportunity missed: Yechury
Guns will never succeed: Sonia
Court upholds dismissal of teacher from service
A new anxiety grips Kashmir Singh’s wife
Fake currency: CBI for strict measures
Congress plans show of strength
India dismayed at Gaza violence
A most needed relief: V.P. Singh
‘Bold move to root out indebtedness’
Something lacking in direction of budget: West Bengal
Dalits approach court for security
Ajmer airport: Patel’s assurance
“Root cause not addressed”

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu