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FE Editorial : Growth booster By JACKSON of Cashsee.com
In 2008-09, the government plans to borrow (gross) Rs 1,35,000 crore and RBI figures
show 78.52% of planned borrowing has been done in the first six months. The bonds have been at
interest rates between 7.38% and 8.33% and cut-off prices on 364-day treasury bills have been
marginally higher.
This is not the only way government pre-empts funds from private uses and upshot of pre-emption
is both lack of liquidity and higher interest rates. Ostensibly, the government is on an
austerity drive. But that is not reflected in supplementary grants. One can understand the
clubbing of third supplementary demand for grants (usually in Budget session) with the second
demand (winter session) because there might not be a Budget session.
However, Sixth Pay Commission, oil and fertiliser bonds, farm debt waiver and Bihar
rehabilitation notwithstanding, one cannot understand the magnitude of these supplementary
grants, authorising additional gross expenditure of Rs 2,37,286 crore. Numbers don’t add up
and it is unfortunate that these demands were passed by Parliament without demur. If there’s
extra spending for growth boosting, shouldn’t the House have discussed such a plan a bit?
Also, the government claims that additional net cash outgo is only Rs 1,05,614 crore, the
remainder is apparently taken care of through savings of ministries/departments and enhanced
receipts & recoveries. No details are available on the latter; so no firm conclusion is possible.
The Sixth Pay Commission awards amount to Rs 22,100 crore, farm debt waiver Rs 71,680 crore,
fertiliser bonds Rs 7,500 crore and oil bonds an additional Rs 39,364 crore. The point is that
numbers for these are known expenditure. Add Rs 10,500 crore more spending for National Rural
Employment Guarantee Scheme. All that still leaves almost Rs 1,00,000 crore unaccounted for.
As we said, if this is tactical deficit financing, why not say so and have a discussion?
Pessimists will conclude otherwise that the money will be spent on so-called flagship schemes
of dubious value.
Each of four governments since 1991 hasn’t deviated from the goal of reducing deficits and has
had varying degrees of success. The UPA government is making a virtue of deviation, but not
being clear about all facts and intents. On paper, fiscal deficit is expected to be 2.5% of GDP
in 2008-09 and in 2007-08 gross fiscal deficit (including states) was 5.5%. Fiscal deficit is
more than a goal in FRBM Act—deficits have substantive consequences. With deficits properly...
Human Growth Booster Guide Recommended by Jeetu, Click Here Now
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These poses will not help to increase your height but will also help to give you an erect posture. Besides practicing these poses also focus on eating a healthy well balanced meal rich in proteins and calcium.Tadasana – stand on the floor or on a yoga mat with your feet together. The weight of your body should be evenly balanced on both the legs. Keep the hands on the sides of each thigh. Stretch your thigh, pull up your knees apart, stomach in, chest out and tail bone tucked in. Inhale. Slowly raise your hands from the waist to the head.
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Here are some more growth booster, exercises to increase height, human height, height increase exercises, growth chart articles to start with.. |
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How Can I Grow Taller? Tips on How to Grow Taller Naturally By Alisha of Cashvally.com A kid at the circus walked up to the man on stilts and asked, "How can I grow taller?" I think as kids go through school, from the first grade on up to high school, this question pops Read more...
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Growing Taller Secrets - 3 Tips to Help You Reach Dizzy Heights in Both Your Professional and Personal Life By ELIJAH of Cashvally.com Fortunately though there are some proven growing taller secrets that can help you fulfill all your dreams, even if you are no longer a teenager. The following are the secrets that can help you Read more...
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