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"Today is a very happy occasion. The waiver of loans on farmers by the UPA government is a revolutionary step," Gandhi said, addressing a large gathering of farmers who descended at her 10, Janpath residence soon after the announcement of the relief in the Union Budget 2008-09.
"I congratulate the UPA government and Finance Minister P Chidambaram for it," she said.
Chidambaram announced a Rs 60,000-crore relief package for farmers, including complete waiver of loans given to small and marginal farmers.
The government announced a waiver of Rs 50,000 crore worth of loans to small and marginal farmers and a settlement scheme for other farmers that would cost the exchequer another Rs 10,000 crore.
Holi, the festival of colours, appeared to have arrived earlier than schedule as farmers burst into celebrations outside the residence of the Congress President, smearing colour at each other and singing and dancing to the tune of drum beats.
Congress leaders too arrived at the scene as a race began to express gratitude to the party leadership for the loan waiver.
This is a shameful euphoria. This Big Mama, is trying to imbibe the Italian brand of polity into India. The one that is corrupt,unscrupulous,horsetrading and unprincipled politics. Such open bribery and cash handouts, will have a boomerang effect, and this cascade will eventually bury her. Then she will be able to pack up and leave.and leave us to manage our own affairs.
waiving loan is a bribery, and a ploy to win the next election, National Security is paramount not the next general election Soniaji hang Afzal Guru if you want to win the hearts and minds of silent majority Hindus
Loan waivers to any section of society are danger to economy; these should never be encouraged. Any loan has to be recovered and if need offer subsidies or cheap interest loans to deserving. These are nothing but short term/short sighted gimmicks. Take all possible and necessary steps to ease out the burden of living for one and all in the society. This will be a catastraphic repurcussions in the country. People will make it a hibit to borrow only and never bother to repay. Earlier loan waiver scheme should have been a reminder and and eye opener. Control inflation, make available goods and services at cheaper rates, reduce interest on loans given to farmers and make available electricity/power at a very low rate; thus strengthen the hands of the poor and make him produce more. Strictly say NO to waivers.
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