Thursday, September 24, 2015

Farmers Issue – Part 2 – Tax Deduction 80F, inter connect rivers by highways, loan restructuring

Farmers Rolling Fund for each village should be allocated to be used to maintain canals, lakes, cleaning of weeds, etc,. Currently states allocated on case by case basis. If rolling fund which will generate interest on the money will help to keep it running for several years and maintained by village panchayat by using cranes and other devices to clear. Villagers will need to just put in their hard work to clear the soil. The govt must consider setting up fund to take machine for rent to clear pathways from rivers, etc,. The corpus fund can be created similar to disaster relief fund with public contribution at zero tax. Separate section in income tax 80F (Farmers) must be brought and sealing of contribution must be fixed at 5 lakhs for this.
Inter-connecting of state rivers by pipelines through national and state highways to help water reach all villages. Currently all states are focussing on bringing water to the towns and cities only. People live in villages also. So bringing water to villages through highways should be jointly funded by state and centre after joint discussion. Amount for that can be collected by drivers who use highways as farmers fund. As farmers land was only used to build highways. Somebody has to pay for farmers.
Farmers loan waiver has trickled and every state and farmers wants to do loan waiver. If banks can take no action on Mallya for not paying the loan due and he is not arrested. Then no farmers must not be arrested at any case for not paying any type of loan for his vehicle, tractor, house, marriage of his family member. His property must not be seized only the restructuring of loan must be done by giving more time to repay loans and reducing interest rates. If Govt and banks can restructure loans of power sector indirectly to benefit companies/govt electricity board/members are benefitted and saved. Then farmers loans must be continuously restructured. If RBI can talk so much about economy and stop farm waiver in Andhra or it can comment on real estate mafia who want interest rate cut or it can comment on make in India. Then why RBI cant talk or give apt ideas for solving farmers issue. Why RBI doesn’t open mouth? I dare govt if it can arrest Mallya, Lalitmodi, Terrorists first before touching our farmers. I tried to planted few trees and it did not grow and its leaves rot I have tears in my eyes, he cultivates hectares of land and it is gone. Do you still get it.
I have given 3 ideas 1. Rolling fund like recurring deposit for maintenance of water flow channel maintenance 2. Inter connecting rivers through pipelines through highways 3. Farmers loan restructuring with clauses to benefit small farmers especially with RBI, Finance minister, states, farmers association from each district to form committee. I want all to be implemented the cost is less than farm loan waiver. Earlier sent crop insurance also which will work well. If you plan to seat African nationals in a stadium and discuss then seat all farmers and hear them for 24 days u will know all issues and ideas.
Does anyone of your IAS or bank officer has the will to solve the issue or report to minister or govt agency. If reported does any Govt agency tried to test waters with different ideas given by IAS officer. All ministers sitting in A/C office wont help you need to talk/work with farmers to know. Farming is not as easy as putting a sign, you need to understand it is a seasonal process and activities over several days of hard work and one day rain comes and destroys everything. You should do development in so many barren land in so many places only thing is u don’t have highways there. You setup highways later after identifying barren land. Agriculture contributes more to GDP than the employment of SEZ or any service industry. So ignoring agriculture will lead to devastation of India first ask your US hired economists to know basic of Indian Economy first. Blindly copying from western model wont help. Has mygov.in put any articles to solve farmers issue. If you are focussing on development focus on agriculture also. Our economy and population needs food. If there is no food of course there will be inflation. Everything starts with farmer and ends with farmer.

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