Food Distance

With my little retentivity, I can remember studying about seasonal fruits and vegetables. But, now when I visit any of the giant retail chain stores, I can see Washington Apples, China pears, apples from Australia and New Zealand, China orange are lined in the shelf. Colourful. With globalization, not only humans but also the food they consume is traveling. Indians consume food with little food distance when compared to global powers like US and other European countries. However, the high buying power of Indians will bridge this gap very soon.

There were lots of debates going on, about the preservatives being used to keep these fruits fresh. I read an article which details about the toxic elements present in keeping the apples shiny.

This might be the right time for the government to take appropriate step in regulating the food distance.

Blogathon

Blogathon - concept by the people and for the people who love blogging is a great platform to exchange our views on various subjects. Believe I have the same enthusiasm during blogathon and will contribute for it.

Happy Blogging... Enjoy blogging.

You can get info from : www.blogathon.in

India Budget 2008 - Is a moral hazard ?

No one can deny the charismatic appeal of the India Budget. As soon as the Parliament's Budget Session started, each and every news channel interviewed people ranging from entrepreneur to CEOs to housewives and to college grads and telecasted their expectations from the budget. This time the Finance Minister put the elections in the top leaving the rest underneath it.

The usually affected salaried class were more beneficial this time (a great relief of ~20K for a middle class individual tax payer), and around 40 million farmers getting benefited by the loan waiver of Rs.60,000 crores (A huge money).

I personally think that this waiver should be a setback for the productivity. Instead of waiving it off, they would have given consideration for small or zero interest rate, in which case the people would have valued the money lent.

Now, do the farmers who had paid some part of the same either by selling their lands or some assets reap any benefit from this?

This waive off will definitely affects the moral of the farmers who had the intention of paying the loan back. Now people will back off from paying everytime either expecting or demanding the government to waive off the loan in future.

If atleast part of this loan has been recovered, probably it would have yielded some more relief to all tax-payers either individual or corporate. Isn't true?

I am not against any benefit or relief scheme however Nothing will be valued if provided free is what I think.