Financial Daily from THE HINDU group of publications
Friday, Oct 15, 2004
Financial Daily from THE HINDU group of publications Friday, Oct 15, 2004 |
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Opinion
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Letters Fiscal deficit
This is with reference to the editorial "Fiscal gravy train halts" (Business Line, October 14). The ever-widening fiscal deficit signals that the Government can hardly achieve the objective of eliminating revenue deficit by 2009 as envisaged in the Fiscal Responsibility and Budget Management Act. The Government should scrap various schemes having heavy financial burden. One of such schemes that have failed to yield any tangible results is the MPs Local Area Development Scheme. The scheme has cost over Rs 15,650 crore in the last 10 years without any positive impact on development. Scrapping the scheme will save the exchequer Rs 1,580 crore a year. It is time the Government mustered the political will to scrap the MPLADS. 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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