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Mar 14, 2008

Finance Minister & Farmers and waiving loan

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The Finance Minister P Chidambaram has declared to waive Rs. 60, 000 Cr loan of farmers in the Budget. On Friday, the finance minister made it clear that the amount Rs. 60,000 Cr would be funded within fifteen months. The nation will witness the General Elections very soon, and this process could be handled by the government which will come into the power. The budget is very popular as the finance minister has given big relief to the farmers by waving the loan. The economy has been growing but the rise of crude oil in the global market and inflation at back home could be concern for the nation. More attention could be given to the agriculture sector as this would boost the economy further.


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