Congress' loan waiver offer irresponsible: JP
Hyderabad, April 26 (INN): Loksatta Party President Jayaprakash Narayan today termed Congress Vice President Rahul Gandhi's promise to waive farmers' bank loans of up to Rs. 2 lakh as irresponsible.
Addressing a media conference, JP wanted to know whether the loan waiver would be applicable to farmers in both the emerging States. Who would foot the bills ' the Center or the States? Had any homework been done on the implications? Had the Reserve Bank of India been consulted?
JP asked who had given the authority to the Congress to announce a decision that disrupts the economy. What would happen if the RBI imposes a freeze on grant of bank loans to people in the State taking exception to the Government's credit indiscipline?
JP said he had earlier voiced concern over regional parties making wild promises unmindful of their deleterious consequences. Now even a national party like the Congress has placed its interests above those of the country.
Farmers, JP said, should definitely be extended all assistance in the form of improved seeds and modern technology. They should be ensured remunerative prices for their produce.
The Loksatta had enabled farmers to gain Rs.3600 crore during 2011 by successfully agitating for removal of the illegal ban on inter-State food grain movement.
The Loksatta again was responsible for getting the ban on export of food grains to other countries as a result of which farmers have been receiving higher prices and India has emerged as the No.1 exporter in the world.
News Posted: 26 April, 2014
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