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LATEST NEWS UPDATES | Freebies: Uttar Pradesh, Maharashtra are among top-2 states with highest liabilities

Freebies: Uttar Pradesh, Maharashtra are among top-2 states with highest liabilities

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published Published on Aug 11, 2022   modified Modified on Aug 13, 2022

-Livemint.com

A PIL said that Indian states have outstanding liabilities of 59,89,360 crore as of March 31, 2021

A PIL has been filed in the Supreme Court against freebies by state governments. As per the petition, the Indian states have outstanding liabilities of 59,89,360 crore as of March 31, 2021, and new sources of risk have emerged in the form of rising expenditure on non-merit freebies.

Among the Indian states, Uttar Pradesh and Maharashtra top the chart with liabilities of 6,62,891 crore and 5,36,891 crore respectively.

The PIL mentioned that Punjab has the highest debt to Gross State Domestic Product (GSDP) ratio at 53:3, with a liability of 2,49,187 crore.

While Rajasthan comes second to Punjab in the debt to GSDP ratio of 39:5 in the current fiscal. The state's total liability stands at 3,91,482 crore.

The Supreme Court was hearing the PIL Ashwini Upadhyay before a bench headed by Chief Justice N V Ramana. The petitioner has opposed the practice of political parties promising freebies during elections. Upadhyay has sought the Election Commission to invoke its powers to freeze their election symbols and cancel their registration.

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Livemint.com, 11 August, 2022, https://www.livemint.com/news/india/freebies-uttar-pradesh-maharashtra-are-among-top-2-states-with-highest-liabilities-11660232655860.html


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