2007-07-30 04:20:14 · 7 answers · asked by Anonymous in Arts & Humanities ➔ Philosophy
govermnment of india is the only most dependable organisation i have ever seen
2007-07-30 04:26:05 · answer #1 · answered by Anonymous · 0⤊ 0⤋
as a matter of fact i strongly believe that govt. of india has no need to take loans from world bank. india is having the inherent capacity to raise the money. but due to the policies of the government people are not disclosing their total income or assects. for example how many people are paying taxes in the total population? 2 crores and this figure dismal in the total population. the govt. has to initiate steps to expand the tax base by rationalising the tax structure so that more people will pay the taxes sothat the revenue of the govt.will increase so that there is no need to get loan from world bank. if more people are not paying the taxes govt has to bring loans from world bank. second aspect si whatever the loan u brought is to be spend on productive purposes or capital intensive investment so that u will get good return on investment. otherwise the india will be in debt trap and has to bering more and more loans. regarding the closure of industries and sending the employees is wrong policy and in the long run it lads to social unrest. who made the public sector undertakings become sick. introspection is needed.public sector undertakings must earn profit so that no need to send any employee. this is a biggest subject and cannt be discussed in a small para.
2007-07-30 11:36:56 · answer #2 · answered by sabu 4 · 0⤊ 0⤋
World Banks are there to serve their interests. Third World countries are mainly their targets. However, it really depends on the country as to how they could cope on the loan they made and on their capacity to repay. The loan should be used wisely by the people otherwise it is the people who will suffer.
2007-07-30 11:32:43 · answer #3 · answered by Third P 6 · 0⤊ 0⤋
ours is not the only govt. taking loans from the world bank. several others do and have built up their nation with it.
2007-07-31 12:20:33 · answer #4 · answered by jimmybond 6 · 0⤊ 0⤋
Govt, can better tell.
2007-07-30 11:42:37 · answer #5 · answered by Rana 7 · 0⤊ 0⤋
its a part of world economics
2007-07-31 12:20:56 · answer #6 · answered by ms 3 · 0⤊ 0⤋
so they can keep the money for themselves, rather than pay people who work for it
2007-07-30 13:06:54 · answer #7 · answered by dereckdsouza 3 · 0⤊ 0⤋