my new blog for tag test

The freebies on which the judiciary has frowned points to how the future of a state’s, or even a country’s economy could be jeopardised by giveaways which have less to do with welfare and more with merely getting elected at the state’s cost. Competitive freebies only ensure recklessness.

Such freebies have enormous negative impact. For instance, post-nationalisation, Indira Gandhi’s political minions told the poor during elections that bank loans at a differential rate
of interest were “non-returnable”. The banks were bled; the poor were not guided in its use; cutbacks were taken from cobblers. Election manifestoes encourage wastefulness. That is how it all started, setting in motion a vicious grip of crime and money on politics.