   
111
Side Hero Username: 111
Post Number: 7961 Registered: 04-2008 Posted From: 50.180.239.141
Rating: N/A Votes: 0 (Vote!) | | Posted on Sunday, June 08, 2014 - 10:30 pm: |
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[Modi must say no to Naidu’s demand for Rs 54,000-cr super-freebie You have become Prime Minister by promising strong, decisive governance. To prove you are serious, you must veto the demand of your ally, Seemandhra chief minister Chandrababu Naidu, for Rs 54,000 crore to fulfil his crazy election promises. However, Naidu in Seemandhra outdid the Congress by promising the biggest freebies in the history of state elections. He pledged to write off bank loans to farmers and women’s self-help groups. He estimates this will cost Rs 54,000 crore. To put this colossal sum in perspective, recall two earlier loan waivers given by New Delhi to farmers nationwide. The first, in 1990, cost Rs 10,000 crore. The second, in 2008, cost Rs 60,000 crore. But now Naidu wants Rs 54,000 crore for Seemandhra alone, a state with barely 5% of India’s population. Even allowing for inflation since earlier write-offs, the demand is outrageous. Naidu is examining different ways to get the cash. One is a special package of Rs 54,000 crore from New Delhi. The second is permission to raise Rs 54,000 in bonds, violating all RBI limits on state loans. If Naidu promised much more than he can deliver, let him stew in his own juice. Mr Modi, Naidu is not interested in dignity or self-help. He aimed to promise the moon to voters and then blackmail you into rescuing him. Full Details at http://blogs.timesofindia.indiatimes.com/Swaminomics/modi-mu st-say-no-to-naidus-demand-for-rs-54000-cr-super-freebie/] |