Finance Commission Advice

In the current political environment, there is little hope that state governments will be willing to look at the advice of the Head of the Finance Commission to consider the financial discipline for the sustainability of the economy.

 The reason for this possibility is the competition of political parties to show favor to the farmers. This spree has got much faster after the results of the recent assembly elections in five states.

 Since the global elections are coming closer, therefore it can not be expected to stay in the immediate vicinity.

It is a contradiction that the heads of the Finance Commission are advising the states on financial discipline and on the other hand, the BJP's republic governments are not too far behind to resort to measures like debt waiver of farmers.

Whatever the President of the Finance Commission said, there is no such thing that the state governments do not know, but under the lucrative politics, they make decisions that harm the state's economy altogether.

It is disappointing that the debt waiver is getting faster at a time when most states have two losses from the economy and they are demanding help from the center or special package.

 It is true that the condition of the farmers is not correct and they need help, but the debt waiver is not the remedy which can be cured of their condition.

The difficulty is that the public-friendly measures among political parties have become the means of gaining electoral gains.



It is better that State Governments seek ways to actually help other farmers with debt forgiveness, because when they spend huge amounts as debt waiver, then they have education, health as well as the structure of rural economy There is no money left to improve.

It should also be understood that politicians involved in a contestant to look favorable towards farmers should understand that debt forgiveness causes harm to the farmers only.

The real problem of farmers is that they do not get the profit value of their produce. Ironically, the attractive prices of MSP are declared, but it is not seen whether the procurement of agricultural produce is being done at fixed prices or not?

 Ever since the prices of onion become costly, then potatoes or other crops. Steps such as the minimum support price have proved to be ineffective, Because the farmer cannot be sure that all his produce will be procured by the government agencies and if the other is done then the additional amount which the government will have to bear, will also be borne by the common man in some form, in which the farmers Also included.

Often such measures also cause an increase in inflation. It is better than the state that the public-based measures based on electoral gains, not only their financial condition is bad but also the problem of banks also increases.

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