The foreshadow of elections

vershadowing everything else in the United Progressive Alliance government’s fifth budget presented by Finance Minister P. Chidambaram is the massive farm loan waiver and settlement amounting to Rs.60,000 crore. While the loans of small and marginal farmers are to be waived completely, in the case of other farmers, there will be a 25 per cent write-off. There is an obvious sense of election-eve urgency in the time schedule fixed for the completion of the waiver and settlement exercise by the end of June. From the standpoint of equity, given the depressed state of farming and the distress in the rural areas, the write-off would seem eminently justified as an income transfer programme. What would be less wholesome, however, is its impact on the banking system — the moral hazard it involves in weakening the obligation to repay.

The foreshadow of elections

LEADER ARTICLE: Revamp The Tax System

The media hype surrounding the Union Budget makes one believe that it is a magic pill for the economic fortunes of the country. Unfortunately, the reality is different and the budget has ceased to be a prime determinant of resource allocation after 1991.

Even in the public sector, state governments play an important role in the provision of social services and physical infrastructure. Yet, the hype has continued.

Indeed, the budget sets the macroeconomic policy stance, signals resource allocation changes through tax and expenditure policies and provides an opportunity for the ruling party to make important policy announcements.
for more info -->LEADER ARTICLE: Revamp The Tax System

Sagarika’s significance

The successful test of the Sagarika missile marks a public declaration of the progress India has made towards establishing its own submarine-launched ballistic missile (SLBM) capability. Nuclear warheads delivered by aircraft, land-based ballistic missiles, and SLBMs together form the deadly ‘triad’ considered necessary for ‘stable nuclear deterrence,’ whatever that means in this day and age. Carried onboard by specially designed nuclear-powered submarines that can lurk undetected in the depths of the ocean for months at a time, the SLBM promises a devastating riposte should a nuclear first-strike by an enemy destroy or severely cripple the country’s air- and land-based nuclear weapon systems. The political implications of the latest test are a matter of serious concern, with Pakistan registering its protest against what it sees as a new phase in a South Asian arms race.
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Sagarika’s significance

Sagarika’s significance

The successful test of the Sagarika missile marks a public declaration of the progress India has made towards establishing its own submarine-launched ballistic missile (SLBM) capability. Nuclear warheads delivered by aircraft, land-based ballistic missiles, and SLBMs together form the deadly ‘triad’ considered necessary for ‘stable nuclear deterrence,’ whatever that means in this day and age. Carried onboard by specially designed nuclear-powered submarines that can lurk undetected in the depths of the ocean for months at a time, the SLBM promises a devastating riposte should a nuclear first-strike by an enemy destroy or severely cripple the country’s air- and land-based nuclear weapon systems. The political implications of the latest test are a matter of serious concern, with Pakistan registering its protest against what it sees as a new phase in a South Asian arms race.
for more info click here
Sagarika’s significance

LEADER ARTICLE: Short Arm Of The Law (TOI)

Sometime ago, a Norwegian professor asked me a seemingly innocuous question: Why do Indians jump traffic lights at major crossings, whereas a driver in Oslo will stop at one even in the dead of night?

The anarchy on the roads is something that makes an immediate impression, and indeed terrifies most first-time visitors to India.

I didn't have an answer for the Norwegian gentleman except for the stock response that Indians (read South Asians) are 'like that only'.

for more info click to
LEADER ARTICLE: Short Arm Of The Law (TOI)

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This BLOG is for the editorials which has been published in the news paper like TIMES OF INDIA, THE HINDU, ASIAN AGE AND MANY MORE.
My intension behind this is for those people who want to read editorials not all but for the topic they want so i want to give people editorial link and brief of the topic so if they like then then can click on the editorial and read the full editorial news
so start reading this even it would be great to for discussion , suggestion for this Blog
thanks ....
spyzboy....