Tuesday, April 7, 2009

POLL SOPS:WHO'LL PAY?



A TOUGH JOB FOR BALANCING THE BUDGET AWAITS THE NEXT FINANCE MINISTER IF EITHER CONGRESS OR THE BJP COMES TO POWER . IN THERE ATTEMPTS TO LURE VOTERS BOTH PARTIES HAVE MADE A VERY EXPENSIVE POLL PROMISES.
AT A TIME WHEN THE GOVERNMENT'S FINANCES ARE UNDER STRAIN BECAUSE OF AN ECONOMIC DOWNTURN AND SLUGGISH REVENUES, THE POLL SOPS FROM LEADING PARTIES - WHICH RANGE FROM CHEAP TO SUBSIDISED FARM AND STUDY LOAN - POSE SERIOUS FISCAL RISKS.
LETS WAIT AND WATCH WHETHER THESE LEADING PARTIES WILL BE ABLE TO FULFIL THEIR PROMISES OR NOT?

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