Monday, September 26, 2022
For any kind of suggestion or query feel free to mail us at hello@globaldaily.in   Your online source for any kind of news   Welcome to Global Daily
Grappling with dues, subsidies, Punjab seeks ₹1 lakh crore from Delhi | India News – Times of India

Grappling with dues, subsidies, Punjab seeks ₹1 lakh crore from Delhi | India News – Times of India

NEW DELHI: Amid deteriorating finances, the AAP government in Punjab has pitched for a Rs 1 lakh crore special package from the Centre as it grapples with mounting dues and subsidies.
The demand for the package has been made by Punjab CM Bhagwant Mann, who announced several sops, including free 300 units of electricity to every household every month. The moves came despite the state having unpaid subsidy bills of over Rs 9,000 crore to the distribution entities and government departments having arrears of over Rs 2,600 crore.
A recent study by the Reserve Bank of India had identified Punjab among the five most fiscally vulnerable states, and had warned that freebies would accentuate the crisis.
After taking over as the CM, Mann had met PM Modi in New Delhi on March 25 and sought the Rs 1 lakh crore package to put the state’s economy back on track. He also raised the issues of Punjab during the recent meeting of the Niti Aayog governing council and sought funds for sectors like food processing and a special package to strengthen the canal system.
“To get rid of Punjab’s debt, Idemanded Rs 50,000 crore per year for two years. It was a part of my speech. I had demanded it earlier too,” Mann had said after the meeting. The state has debt of over Rs 3 lakh crore. Punjab’s debt to GSDP ratio is projected to increase from 42. 5% in 2019-20 to 46. 8%, according to the RBI study.

Source

Hits: 1

Leave a Reply

Your email address will not be published.

× 5 = 50

Related Posts

Recent Posts

What is Gluten Intolerance? Ayurveda Expert Answers
What is Gluten Intolerance? Ayurveda Expert Answers
Fujifilm launches FUJINON XF18-120mmF4 LM PZ WR lens in India – Times of India
Fujifilm launches FUJINON XF18-120mmF4 LM PZ WR lens in India - Times of India
RSS to Set up 5 New Universities Across India
RSS to Set up 5 New Universities Across India
PM Narendra Modi to leave for Japan to attend Shinzo Abe’s funeral | India News – Times of India
PM Narendra Modi to leave for Japan to attend Shinzo Abe's funeral | India News - Times of India
Ananya Panday set to star OTT series ‘Call Me Bae’ : Reports – Times of India
Ananya Panday set to star OTT series 'Call Me Bae' : Reports - Times of India
Salaries in India likely to rise by 10.4% in 2023: Aon survey – Times of India
Salaries in India likely to rise by 10.4% in 2023: Aon survey - Times of India
Teachers: True Heroes & Role Models of Holistic Development – Times of India
Teachers: True Heroes & Role Models of Holistic Development - Times of India
What is Diverticulitis? Symptoms And Home Remedies to Tackle it
What is Diverticulitis? Symptoms And Home Remedies to Tackle it
Karisma Kapoor, Kareena Kapoor, Rujuta Diwekar enjoy a ‘Maharashtrian meal day’; here’s everything they ate
Karisma Kapoor, Kareena Kapoor, Rujuta Diwekar enjoy a ‘Maharashtrian meal day’; here’s everything they ate
Koffee With Karan Finale Promo: Karan Johar is Roasted For Talking A Lot About Alia Bhatt 
Koffee With Karan Finale Promo: Karan Johar is Roasted For Talking A Lot About Alia Bhatt 

Archives

Categories

Tags

PHP Code Snippets Powered By : XYZScripts.com