The worst of Economic crisis

18Feb09

Today I found an article on timesofindia.com titled ‘Orissa seeks 1500 crores to tackle econimic crisis’. http://timesofindia.indiatimes.com/India/Orissa-seeks-Rs15bn-to-tackle-slowdown/articleshow/4149004.cms . I was at first puzzled – whatt? I quickly read through and foudn that, because of the economic slowdown in global and US economies, Orissa economy is facing massive challenges and to overcome that, they need money. The total revenues of Orissa state itself is 7500 crores, Of which 25% is from agriculture which has nothing to do with ‘ global meltdown’. As if US banks and US motor companies are dependent on Orissa and due to ecoomic presure, they are closing operations in Orissa and its state revenues fell down,  orissa govt. is asking money from center. There are no massive lay offs in India especially in Orissa which is facing the ” global meltdown heat” for no reason and there are even no signs that Orissa revenues will decline.  Even though world is in recession, not the needs of these political bastards and that should be the only justification for their cluless and baseless aid request. 

 

Anish Muppalaneni

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One Response to “The worst of Economic crisis”

  1. I love your site! 🙂

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