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Pranab, the seasoned politician targeting electorate
By O.J.George
Kottayam: The seasoned politician in Finance Minister Pranab Mukherjee came out in the open when he presented the budget proposals in Parliament today with thrust on farm sector and development of infrastructure in the country.
The farmers outnumber any other category of avocation. And infrastructure development would offer increasing employment opportunities.
An allocation of Rs one lakh crore has been set apart for infrastructure development.
A lot of concessions have been offered to those in the agriculture sector. Additional loans to the tune of Rs 3.25 lakh crore would be issued in the farm sector.
The aim is to achieve four per cent growth in the agriculture sector, which earlier was less than two per cent.
Interest concessions are there for those who repay farm loan installments. The national rural employment guarantee project got Rs 39,000 crore more, which is expected to generate 120 lakh job opportunities.
Poverty would be reduced by half by 2014 and economic growth would be targeted for 9 per cent achievement.
Twenty-five kilos of rice or wheat would be given at Rs three per kilo to poor people, ie people living below the poverty line.
At the same time, middle income groups were not ignored. Income tax payment ceiling was raised to Rs 1.60, Rs 1.90 for women and Rs 2.40 lakh to senior citizens.
Fringe benefit tax has been removed.
The package to tackle recession amounts to Rs 40,000 crore.
Interest on educational loans would be provided with subsidy.
Banking and insurance would be retained in the public sector, which assertion removes the scare among certain sections of the society.
A fine reading of certain announcements would reveal that the welfare measures would create a sense of security for the electorate. Assembly elections are round the corner in West Bengal, Maharashtra etc.
Food security, employment opportunities and concessions for educational loans etc would relieve the poor people.
A sum of Rs 1,000 crore has been allocated for rehabilitation of cyclone ravaged West Bengal people.
Even though he speaks about disinvestment and liberalization, the thrust lacks sheen, and that accounts for the fall in index BSE, National Stock Exchange etc.
Pranab is really targeting the electorate.
Kottayam: The seasoned politician in Finance Minister Pranab Mukherjee came out in the open when he presented the budget proposals in Parliament today with thrust on farm sector and development of infrastructure in the country.
The farmers outnumber any other category of avocation. And infrastructure development would offer increasing employment opportunities.
An allocation of Rs one lakh crore has been set apart for infrastructure development.
A lot of concessions have been offered to those in the agriculture sector. Additional loans to the tune of Rs 3.25 lakh crore would be issued in the farm sector.
The aim is to achieve four per cent growth in the agriculture sector, which earlier was less than two per cent.
Interest concessions are there for those who repay farm loan installments. The national rural employment guarantee project got Rs 39,000 crore more, which is expected to generate 120 lakh job opportunities.
Poverty would be reduced by half by 2014 and economic growth would be targeted for 9 per cent achievement.
Twenty-five kilos of rice or wheat would be given at Rs three per kilo to poor people, ie people living below the poverty line.
At the same time, middle income groups were not ignored. Income tax payment ceiling was raised to Rs 1.60, Rs 1.90 for women and Rs 2.40 lakh to senior citizens.
Fringe benefit tax has been removed.
The package to tackle recession amounts to Rs 40,000 crore.
Interest on educational loans would be provided with subsidy.
Banking and insurance would be retained in the public sector, which assertion removes the scare among certain sections of the society.
A fine reading of certain announcements would reveal that the welfare measures would create a sense of security for the electorate. Assembly elections are round the corner in West Bengal, Maharashtra etc.
Food security, employment opportunities and concessions for educational loans etc would relieve the poor people.
A sum of Rs 1,000 crore has been allocated for rehabilitation of cyclone ravaged West Bengal people.
Even though he speaks about disinvestment and liberalization, the thrust lacks sheen, and that accounts for the fall in index BSE, National Stock Exchange etc.
Pranab is really targeting the electorate.
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