Sutanu Guru: EIGHT YEARS OF UPA AND EIGHT & A HALF LESSONS

Sutanu Guru: EIGHT YEARS OF UPA AND EIGHT & A HALF LESSONS:

 Lesson number six is inextricably linked to the previous one – there really is no such thing called a free lunch. Someone, at some time or the other – often sooner rather than later – has to pay for it. Thanks to the initiatives of the jholawala NAC members and also thanks to vested interests, India is awash with subsidies of all kinds. We have LPG subsidies in excess of Rs.20,000 crores enjoyed mostly by middle class India. We have fertilizer subsidies in excess of Rs.80,000 crores enjoyed mostly by rich farmers and fertilizer companies. Welfare schemes have been launched by the UPA as if it is a medieval monarchy that is pleased to share a bit of the royal treasury with its restless subjects. No amount of common sense argument has convinced the jholawalas that virtually all this money is lining up the pockets of corrupt middlemen, bureaucrats and politicians. They want even more money to be thrown at the subjects. And why would vested interests voluntarily surrender subsidies? Something has to give. And it has started giving. Deficit levels in the economy are reaching alarming proportions. Perversely, this will result in even more inflation and even more misery for the poor in whose name the UPA claims to rule.

Read more:   http://sutanu-guru.blogspot.in/2012/06/eight-years-of-upa-and-eight-half.html