Inquire into state debt, Jakhar to Governor
Wednesday, 27/03/2013
http://www.tribuneindia.com/2013/20130327/punjab.htm#19
Chandigarh : Punjab Congress MLAs led by Legislature Party leader Sunil Jakhar today made an appeal to Governor Shivraj V Patil to intervene to prevent the occurrence of a financial emergency in the state besides urging him to inquire into the state’s debt.
In a memorandum sent to the Governor, the legislators said even though the Punjab Revenue Fiscal Responsibility and Budget Management Bill, 2011, mandated that the revenue deficit in 2012-13 should be below 1.2 per cent of the Gross State Domestic Product (GSDP), but the same had reached 1.61 per cent of the GSDP.
They also said the CAG had accused the government of diverting Rs 3,194 crore to various state bodies. They said it was a clear violation of the constitutional norms. Jakhar said it was a sorry state of affairs on the part of the SAD-BJP government that in the past six years, Punjab had accumulated loans worth Rs 38,019 crore.
