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Budget and Making fools of Everyone
Posted By vatsan On March 1, 2008 @ 7:13 am In Blogging, Business, Economy, Chennai, Politics & News | Comments Disabled
The useless Union Budgeting exercising has once again placated M Karunanidhi’s ego. Once again it has shown tokenism towards Chennai. Yes Chennai has been allocated Rs 300 crores towards a desalination plant.
This is once again a mere number. If I am not wrong, a few years back the number was as high as Rs 1000 crores. And now an additional Rs 300 crores. But what happens to the money? Well Since our local government shows no desire to complete the project it goes back to the coffers of the central government at the end of the fiscal. Its like the system used by private companies to disguise their profits. They consistently keep aside money for various expenses which wont arise, and that is written off as an expense depressing their profits. The desalination plant near Chennai is one such provision for Mr P Chidambaram.
This brilliant system works fine for everyone concerned, MK and PC, but not so for Chennai. MK can claim that he has coerced, armtwisted, bullied PC into allocating money for the plant, while PC can gloat over his magnanimity in allocating money. Since only allocations matter both benefit from electoral gains, but the plant does not progress. And of course the voters in Chennai are utter fools to be swayed by the spin machines of these two jokers and vote based on it. Yes, this clearly shows its an election budget.
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