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STATE BUDGET FAILS TO ADDRESS INFLATION, POWER CRISIS & FARMERS’ SUICIDE

Budget-1The state budget presented by Finance Minister Jayant Patil seems to have worked for builders, traders & businessmen but the biggest blues of the state budget remain inflation, power and farmers. The state budget of 2008-2009 presented at the Vidhan Bhavan includes development of 6 new airports, an international airport near Pune, elimination of Octroi in 15 municipal corporations and also relief to the sugar traders. While these can be the sparks of the budgets the blues overshadows the sparks completely. INFLATION AND POWER CRISIS The state has clearly won the hearts of the builders and traders but the state has failed to address some important issues. For the past few years Maharashtra has seen increasing inflation. There is a shortage of about 5000 mega watts power because of which the rural areas are facing 16 to 18 hours of load shedding. Whereas the demand of electricity increases by 5% per year, the production of the same is a mere 0.4% and under such conditions power crisis will hang over the state like an albatross in the coming years. Also, inflation on day to day commodities have gripped the common man. Power crisis and inflation directly affects the life of the people and the government still did not feel necessary to bring any relief on both these fronts in the state budget. STATE CREATES RECORD IN DEBT Speaking on the debt figure that the Maharashtra state faces is again a staggering Rs 1 lakh 45 thousand crore and still no mention on this front was presented in the state budget. Whereas the state has shown an increase of Rs 8000 crore in revenue collection, on the other hand the debt figure has increased to Rs 10,000 crore. SUICIDE OF FARMERS Another shame for the government is the increasing rate of farmer suicide. But the state seems to be relying on the Centre’s decision of wavering loans for farmers and except for lessening the interest rates for farmers who pay their installments regularly, there isn’t much that the budget hold for farmers especially for those committing suicide out of despair in the Vidarbh. While the Union Budget became popular budget among the common man the state budget has failed the common man, yet once again. From Vidhan Bhavan, with cameraperson Abhay Prasad, Rajeev Mishra for NMTV News.

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