Union Budget – 08 – A populist one

It was an aggressive Finance Minister P Chidambaram going all the way to promote the mother of all loan waivers — the Rs. 60,000 crore farm loan waiver. Defying charges of his political opponents and even Left allies, Chidambaram chose a counter-offensive: “Let every politician and political party take a stand on our decision to write off farmers’ loans. They should stand up and say if they are for the farmers or against them. If they have the courage to oppose, they should stand up and be counted.”

Read more>>

More sources

Northeast gets over Rs.14 bn in the budget Economic Times
Union budget for 2008-09 — Populist but largely sane Hindu Business Line
Real estate welcomes Budget proposals for sector Hindu

India spends more on poor in budget 2008-09 Daily Times
Indian shares slip 1.38% after budget Daily Times
India increases defence budget to $26.40 billion Daily Times

Advertisements

About speakindia
Speak India is a medium to foster debate on current issues concerning the "Aam Admi". Feel free to comment and share your point of view on Speak India.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: