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| Politics
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| Drought may hurt economy, |
| Drought may hurt economy, but no one will go hungry: PM
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| INDIA
, 15-August-2009
4:8:16 AM |
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Cautioning that drought could have an adverse impact on the economy, Prime Minister Manmohan Singh assured the nation that people would, however, not be allowed to go hungry and black marketeers and hoarders would be hounded.
After the global meltdown shaved off economic growth, the drought threatens to make it worse by eating into agriculture production. "It is our ardent desire that not even a single citizen of India should ever go hungry.
"We will provide all possible assistance to our farmers to deal with the drought... in view of deficient rainfall we have postponed the date for repayment of bank loans... are also giving additional support for payment of interest," he said in his address to the nation on its 63rd independence day.
The UPA, which in its previous term wrote off farm loans, also promised to take a slew of measures including increasing capital flows into the country, encouraging exports or increasing public investment and expenditure to put the economy back on high growth trajectory.
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