Government ready with answer to bandh, slew of executive decisions to boost spend and economy
The next cabinet meeting is slated to look into issues like debt restructuring of state electricity boards and increase in prices of levy sugar.
Policymakers and cabinet ministers were busy readying files for the next cabinet meeting that is slated to look into important issues like debt restructuring the debt of state electricity boards totaling over Rs 1 lakh crore and increase in prices of levy sugar. This apart, the government is also considering a revision in the dearness allowance (DA) of central government employees by almost 7%, a boost to almost 8 lakh government employees.
The crucial government proposals are targeted at boosting the economy, relieving the cash-starved SEBs, boosting the power sector and improving the lot of sugar mill owners. This makes one thing clear, the government has mustered courage and political will to go ahead with its business of economic reforms and governance, with or without friends and allies. Finance minister P Chidambaram reiterated that the government has its friends and it needs to go ahead with policies that would keep the economy on its track.
Reacting to the demands for a reversal of the announced policies, the finance minister said there was no question of a roll back.
Ironically, while the protest against diesel price hike, cap on cooking gas cylinders and FDI in retail drew large protests and a successful bandh across states, the state that stood out for opposing the bandh was UPA's estranged ally the TMC.
Despite pulling the rug and withdrawing support to the UPA, its ministers are slated to give in their resignation tomorrow to PM at 3 pm, West Bengal government and its leaders came out strongly against the bandh. Funny not so, if you look that this was again dictated by political drivers.
The bandh in Bengal was being led by arch rival the Left and TMC could not support that call, even though the reason was common.