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Congress poll promise scares economists
March 25, 2009
A section of economists has described the electoral promises of Congress to provide rice
and wheat at Rs 3 per kg to poor and fix minimum daily wages under the rural job programme at Rs 100 as "populist", which if implemented, will increase food subsidy and public debt.
"It is clearly a populist measure and may not be feasible... such measures have always created huge fiscal gaps and have taken resources away from necessary expenditure in sectors such as social and infrastructure," Delhi-based think tank ICRIER Director Rajiv Kumar said.
Image: Tea plantation workers watch as an election officer demonstrates how to use an Electronic Voting Machine (EVM) during an awareness program at Siliguri .| Photograph: Rupak De Chowdhuri/Reuters.
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