Schemes like ‘free ration’ and cash to women in elections are becoming a big burden for the states. The situation is that to fulfill these, the states are neither able to raise sufficient resources nor are they able to prepare a balanced budget. In some states, the burden of these announcements has reached 30 to 40% of the total revenue receipts. There is a dire situation of cash crunch in a small state like Himachal. Salaries and pensions of officers including CM, Ministers, MLAs had to be postponed in the state. Telangana needs Rs 1 lakh crore every year for election announcements, but due to lack of budget many schemes are stuck. Due to Ladli Brahmin Yojana in Madhya Pradesh, the loan against GSDP increased from 27% to 32%. Due to pressure from Ladki Bahin Yojana in Maharashtra, the ration kit scheme provided during festivals has been stopped. Expert Comment… If election promises like cash transfer continue, the country’s economy may remain better, but the states may default. Like Himachal, other states are also cutting expenditure. Dr. Amarjeet Singh Sethi, Editor, Indian Association for Research in National Income and Wealth Why the crisis: More announcements, less earnings
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चुनावी रेवड़ियों से राज्यों का कर्ज बढ़ रहा: लाड़ली बहना के कारण MP का कर्ज रेड लाइन में, महाराष्ट्र में राशन किट योजना बंद
