Saturday, March 30, 2013

Budget 2012 fails to impress Trichy TNN Mar 17, 2012, 04.20AM IST

TRICHY: In the name of the budgeting exercise, a great hoax has been played on the people of India, P Ayyakannu, president of Bharatiya Kisan Sangh said on Friday. Reacting to the budget proposals, Ayyakannu wondered how the finance minister's offer of credit facility to farmers to the tune of Rs 5.76 crore was linked to the budget.

The proposed allocation of Rs 20,200 crore to agriculture amounted to only 1.3% of the total allocation and it was an injustice to the farmers who constituted 70% of the country's population, he said. According to him, even the hike in the outlay of warehousing under the Rural Infrastructure Development Fund (RIDF) to Rs 5,000 crore was not great news, as the facility was not used only by farmers. Ayyakkanu said the government was deliberately killing agriculture so that the powers that be would get substantial cuts while importing food grains from abroad.

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