Subject: Allocation of funds to interlink rivers
To: BudgetTwentyTen@gmail.com
Allocation of funds to interlink rivers
Time has come to implement a long term solution to the sky rocketing food inflation. As India is facing a supply side constraint, augmenting imports alone will not help to arrest inflation. UPA government may reconsider interlinking all major rivers in the country in the next five years in different phases. During this 2010 budget government may create a dedicated corpus and fund it through disinvestment proceeds. Utilize a portion of foreign exchange reserves could also be considered. The initial estimate of INR 5.6 Lakh Crore by government appointed task force at 2002 price level might appear to be a mind blowing figure. But this is the capital investment that economy warrants and needs to be done to keep farming a viable occupation in future. In the mean time it is imperative to invest adequate money on farm technology to increase productivity (Not through monetary subsidy but any assistance like imparting technical knowhow would go a long way). Next phase of green revolution could set the ground for interlinking of rivers. There is a scope to explore a lot of potential in the Indian farm industry.
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