I
have been waiting patiently for quite a while now and speaking frankly at this
time of year I wouldn’t be wrong if I said that some degree of honesty from the
government would be highly appreciated regarding the great Indian monsoon.
The signs are out there aplenty to suggest that this year the monsoon is a failure.
The crops aren’t being sown yet, the canals are empty, most importantly it’s not raining, and the water is not
there.
It
is extremely irritating to see the government’s Agriculture Ministry brow
beating all the way around the bush with statement after statement saying that
the monsoon will pick up. In our last look at the monsoon we said that we are
one step away from declaring that the monsoon is a failure. Today we can indeed
say that the rains are not coming this year. However the government has to
simply call the situation. Once it declares a drought situation, the country
can move on.
What
we are instead seeing is a political soap opera for needless reasons, the ones
who end up paying the price are a.)The Farmers
b.)The Consumers.
Indian government may minimize custom duties on number of items to keep inflation below 5 percent. Finance Minister P Chidambaram, while talking to The India Street said government was ready to take further fiscal steps to control inflation and keep it below 5 percent.
