Subscribe in a reader | Subscribe by Email After making an audacious request of RM300 million per annum till 2020, Samy clarifies that it is to raise “indian equity”, and to invest in agro-based business and school affairs.
The proposal have been submitted, but we all know what happens to proposals. 🙂
Due to the economic pressure and increased spending for subsidies, I doubt this proposal will be approved. Maybe at most, a one-off amount of 100 million to give some hope and alleviate the situation.
JOHOR BARU: The MIC is seeking a yearly allocation of RM300mil from the Government to raise the equity of Indians. Its president Datuk Seri S. Samy Vellu said most of the allocation would be used to help poor Indians. “The fund will also be spent on agro-based business development and schools affairs,” he said.
Samy Vellu said a proposal had been submitted to Deputy Prime Minister Datuk Seri Najib Tun Razak, Second Finance Minister Tan Sri Nor Mohamed Yakcop and Minister in the Prime Minister’s Department in-charge-of the Economic Planning Unit Senator Datuk Amirsham Abdul Aziz. “We will meet with the Prime Minister on this matter next week,” he told reporters at the 62nd MIC Convention here yesterday. The party is in the midst of rebranding itself.
At the event, Samy Vellu also met 10 people seeking clarification on Hindu Rights Action Force (Hindraf) matters. The group wanted to know the situation of five Hindraf leaders currently detained under the Internal Security Act.
