Political loan waivers.

Loan waiver per se is bad and present day mass waivers is very harmful for economy. Today a farmer who takes a loan he knows pretty well that he need not refund and in next election it will be waived. The way to help farmers is to ensure that he gets fair price. One can observer two commodities i.e. onions and tomatos. While farmer gets a rupee or two the end consumer pays 30 to 40 times price farmer receives. The difference going to middleman/traders which should be tackled. Time has come for citizen not to raise their hands; but their fists against politicians. more  

View all 25 comments Below 25 comments
The elected representatives have understood the electorate very well. So instead of wasting their time in development, they just throw a few crumbs like loan waiver etc on the common man and then get the votes. The foolish people do not know that by giving loan waivers they end up paying more taxes. more  
Better for the people writing in these columns go and vote. Because you people do not go and vote we are forced to have such corrupt illiterate, fit for nothing elected representatives. Mr.Shivaraj Singh Chauhan has done so much of good work in M.P but still he has been unceremoniously thrown out. more  
It is high time pressure must be brought on Govts not to let loose the loan waiver announcements. We need to blame the voters also for this situation. They are sold out for the doles offered by political goons and again elect the corrupt elements and later weep. What use? Some voter education is needed. more  
A genuine farmer doers not need a loan waiver. It is only the gamblers, drunkards, womanizers who take loans for this purpose under the garb of farmers need loan waivers. more  
Farmers are a vote bank and city middle class - CMC - has no guts to project CMC as a vote bank. Govt must waive housing loans, vehical loans and education loans of CMC more  
Post a Comment

Related Posts

    • Wrong TDS entry in Form 26 AS

      Need urgent advise from some one please - In my Form 26AS for assessment year 20-21, some entries of TDS has been shown under section 194C by some one with whom I never had any dealing. Moreov...

      By Brij Gupta

      LIC being a very big insurance company, why not they look into the possibility of making the changes in the existing policies, like change in address, name change, bank details etc. ONLINE. When on...

      By Hari Shenoy
    • Bank's refusal to honor agreed FD interest.

      Dear members, I am Sekar and new to localcircles.com. In 2014 I booked some 5 years fixed deposits with a private bank, due to their higher interest rate promised to me. During matu...

      By Sekar Rg
    • DEAF Account

      It often happens that people don’t share even the basic financial details with their family members. In case of any untoward incident, the family members are left in the lurch as they are una...

      By Aditi Jain
    • Tax on dividend

      I fully agree with the circle member's claim to approach the FM/PM, requesting to remove the senior citizens from taxing 10% on the dividend received on the Mutual Funds. In fact the present level ...

      By Subramanian Sekaripuram Ananthakrishnan
    • Benefit of new tax regime for 13L+ salary earners

      Most of the salaried individuals with gross income of ₹13 lakh or more and non-salaried persons with income of ₹9.5 lakh or more will get to make tax savings if they sign up for the new lower incom...

      By Satvik Singh
    • NRI income in zero tax domiciles taxable in India

      NRIs living in zero tax domiciles like UAE (Dubai Sharjah & also Bahamas etc) will have to pay tax in India. And now all those who (partly) moved to Dubai recently to evade taxes are stuck.

      By Aditi Jain
    • Farmers must be taxed

      The tax system is currently design to squeeze the middle class. This must change. We are India’s most abused tax payers.

      By Aditi Jain

      I am cautioning the circle members and the general public at large that the insurance policies issued by ICICI are to be taken with a pinch of salt. The agents of ICICI who sell their policies as w...

      By Subramanian Sekaripuram Ananthakrishnan
    • Why one should insist for Fixed Deposit Receipt

      As you all know now-a-days whenever we request any sort of statement / report etc. from non-banking financial companies (NBFCs) i.e. insurance, chit fund, merchant banking, stock broking service p...

      By G D Binani
    • Beware of brokers

      2000 crore fraud by karvy on its customers. Sebi has banned it now. How come we only do bans and the regulators are never facing penalties and punishments for letting shit happen.

      By Aditi Jain
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)