I am reminded of the Italian budgets during Berlusconi's tenure as PM which brought bankruptcy and ruin to Italy! I think we are headed the same way. Manmohan-Montek-Chidambaram economics zindabad! Their recipe is simple 'eat your cake and have it too'. Let us make merry now and let the future generations pay for it.
Defence-2trillion crores(kickbacks?), education-65000 crores,sports development-250 crores-excellent! Are missiles and choppers more important than winning medals in Olympics?
The budget has failed to address the structural impediments in the economy- rising inequalities,industrial sickness,inflation,low investor confidence,rising fiscal deficit,unemployment and lop-sided development! By trying to boost the services sector will not help boost growth.
There is nothing in the budget to stimulate inclusive growth. Small scale sector is reeling from decline in sales,exports and credit squeeze. Large parts of the country are suffering from drought but who cares-Planning commision has spent Rs.25 crores on renovating its toilets to impress IMF&WB officials! 14 year olds are committing suicide due to our archaic education system.
I foresee increase in unemployment,inflation and widening fiscal deficit if this budget is passed in the present shape. I earnestly request all the opposition MPs to do their homework well and pass drastic cut motions! Nothing less than the future of the country is at stake.
Even God-almighty cannot save the present government from a thrashing in the 2014 polls!
Defence-2trillion crores(kickbacks?), education-65000 crores,sports development-250 crores-excellent! Are missiles and choppers more important than winning medals in Olympics?
The budget has failed to address the structural impediments in the economy- rising inequalities,industrial sickness,inflation,low investor confidence,rising fiscal deficit,unemployment and lop-sided development! By trying to boost the services sector will not help boost growth.
There is nothing in the budget to stimulate inclusive growth. Small scale sector is reeling from decline in sales,exports and credit squeeze. Large parts of the country are suffering from drought but who cares-Planning commision has spent Rs.25 crores on renovating its toilets to impress IMF&WB officials! 14 year olds are committing suicide due to our archaic education system.
I foresee increase in unemployment,inflation and widening fiscal deficit if this budget is passed in the present shape. I earnestly request all the opposition MPs to do their homework well and pass drastic cut motions! Nothing less than the future of the country is at stake.
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