Finance Minister’s proposals

Even a cursory  perusal of the proposal of Mr.Chidambaram reveals
 that there   appears to be hidden agenda to  help multinational companies
and  Indian corporates. The proposal to amend tax laws   tantamount to
violation principles of national justice  and facilitate   profit
maximization at the expense of public revenue. None of the measures
suggested  by him will be beneficial to the general public. He has not
said anything about solving the the problems of unemployment, inflation,
 food security. There is no mention about   the likely measures to
reduce fiscal deficit. His  roadmap for reversing last  slide in two
growth  rate does not include measures to invigorate  the  sagging
agricultural sector, particularly in the context of looming drought. 
The neo-liberal package of measures  proposed by  Mr. Chidambaram 
definitely lacks credibility and public support. He must reorient the
proposals so as to bring benefit to the common man rather than the
corporate sector.
Dr.C.Murukadas, The Hindu, Aug 8, 2012