A Muslim Indian Perspective on Politics, Religion & Society

Friday, September 03,2010

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Union Budget 2009-10 Does Not Have A Pro Poor Orientation(Comments Off)

July 19, 2009

Like the manifesto of the ruling party, the present budget also shows adoption of a middle path. “Balance—or the middle path–has always been the hall-mark of the policies of the Indian National Congress”. When more than 90 percent of our rural population live below Rs. 38 per day, and spend less than Rs. 12 a day on food items, compared to a fortune of around Rs. 7.5 lakh crore (around 12 percent of the annual GDP of the country) held by only four richest Indians, what constitutes a middle path is a serious issue for debate. [...]

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Economic Challenges might be opportunities for India

“…Once Indian economy comes out from recession, it will certainly guide other nations to follow this pattern. India will lead the international economic growth strategy. So, it is better that India should stop waiting for recovery of global recession, and set guideline for faster and inclusive economic growth strategy for all nations.” There is need to review the strategic plan for economic growth and measures to restrain recession in India elaborates S. Zahid

Political will is required to resolve economic problems

Hardly any political party says that the financial sector regulations have been more beneficial to the formal sector compared to informal sector especially in terms of access to equity finance. Political parties do make agenda over religious, social and civil matters, but they rarely speak on economic injustice of poor and vulnerable workers (known as Aam Aadmi) making their livelihood from unorganized sector enterprises… S. Zahid Ahmad elaborates in this article.