The Rs 60,000 Crore Waiver
As a common man I object to the large scale largesse to the agricultural community.
The measeure will not bring any relief to the marginal farmer in the clutches of the private moneylender, it also disincentivises the farmer who is repaying the loan.
While the government may goahead with the proposal, citizens seek to know who the biggest defaulters.
The entire list of defaulters in the descending order of loan outstanding should be published on a website.
Some of the reforms I suggest are-
All new loans should be granted only to PAN holding farmers.
All procurement should be made from PAN-holding farmers.
Farmers earning more than 10 lakhs pa should pay tax at peak personal Income tax rate for all income in excess of Rs 10 lakhs pa.
Sunday, March 02, 2008
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