Financial Daily from THE HINDU group of publications
Wednesday, Dec 15, 2004
Financial Daily from THE HINDU group of publications Wednesday, Dec 15, 2004 |
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Opinion
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Letters Development schemes
The Centre is under financial stress. Financial prudence has become sine quo non and a critical review of the various schemes is urgently needed. One such scheme that has proved ineffective is the MPs Local Area Development Scheme. The MP LADS mandates that funds should be utilised for creation of `durable assets'. Works such as renovation of temples and creation of parks are specifically disallowed under the scheme. But MPs hardly comply with the rule. Even the Prime Minster, Dr Manmohan Singh, has spent his MPLADS fund on the creation of a park and renovating a temple. When the Centre is struggling with the widening fiscal deficit, wasteful expenditure of public money for unproductive purposes is undesirable. The PM should scrap the scheme immediately. C. Ramesh Keeramangalam (TN)
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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