tag:blogger.com,1999:blog-26661019.post2035867011247205374..comments2023-10-14T04:22:12.754-07:00Comments on Permanent Revolution: Krishna Ananthhttp://www.blogger.com/profile/00381406646193846769noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-26661019.post-37798660977480836122008-03-14T10:53:00.000-07:002008-03-14T10:53:00.000-07:00A quick comment on the 650 billion rupees farm loa...A quick comment on the 650 billion rupees farm loan waiver: Chidambaram has played too smart by half, dressing up a sop to banks as a boon to farmers. <BR/><BR/>The true beneficiaries of the waiver are the state-run banks, who're getting bad loans wiped off their books and will now now cleaner balance sheets. <BR/><BR/>What of the farmers? The crisis of agriculture in India is that the state has Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-26661019.post-47434885667924423802008-03-07T22:39:00.000-08:002008-03-07T22:39:00.000-08:00i probably did not put that right...i understood h...i probably did not put that right...i understood how the revenues from cess are accounted for, but i have a problem with the idea of a cess continuing for a long time. Shouldn't a cess be a temporary measure? If the govt. thinks that more revenues have to be raised for public welfare schemes, then why not raise the taxes?Sam Jhttps://www.blogger.com/profile/15071315560160875956noreply@blogger.comtag:blogger.com,1999:blog-26661019.post-73274083256714629922008-03-06T21:01:00.000-08:002008-03-06T21:01:00.000-08:00Dear sam,Am sorry I do not get your question right...Dear sam,<BR/>Am sorry I do not get your question right. The collection of cesses, incidentally, is accounted for by the various other departments that receive them in their own way and by the CAG. The Budget is only a sanction, by Parliament, to the Executive to collect the cess/taxes and spend the money in the manner it is specified in the proposals. The departmental standing committees, then, Krishna Ananthhttps://www.blogger.com/profile/00381406646193846769noreply@blogger.comtag:blogger.com,1999:blog-26661019.post-72472088827044595222008-03-06T09:44:00.000-08:002008-03-06T09:44:00.000-08:00sir, i am a regular reader of your blog and want t...sir, i am a regular reader of your blog and want to thank you for presenting a new side to every issue that you take up for discussion.<BR/>As for the budget, don't you think it to be unpardonable that the finance minister is silent on the accounting of the revenues collected by the govt via the various cesses imposed on goods? wouldn't this threaten to encourage ad-hocism in govt accounts?Sam Jhttps://www.blogger.com/profile/15071315560160875956noreply@blogger.com