A clearing house of ideas, info, alternatives, on rural India's multiple crises

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-The Indian Express<br />
<br />
One of the key issues that any incoming government in Punjab has to immediately grapple with is high state debt estimated at Rs 1.25 lakh crore in the last year&rsquo;s budget. A clutch of other key reforms such as improving land allotment process and streamlining property registration would also need the attention of the new government. Punjab has steadily accumulated the debt over the years, resulting in its interest payments jumping over time.<br />
<br />
Under the Shiromani Akali Dal-Bharatiya Janata Party (SAD-BJP) government that won power in 2007 and then retained it in 2012 Assembly polls, Punjab&rsquo;s outstanding debt has more than doubled. Barring the year 2009-10, when it raised nearly Rs 12, 317 crore, marginally less than the nearly Rs 12,500 crore it had borrowed in 2008-09, the state&rsquo;s borrowings have steadily risen over the years.<br />
<br />
According to the RBI report on study of state government budgets, Punjab&rsquo;s annual debt is running at 31.4 per cent of the gross state domestic product (GSDP) in 2015-16, marginally lower than 32.4 per cent in the Revised Estimates of 2014-15. This is the second highest rate of indebtedness, with West Bengal topping the charts with a debt to GSDP ratio 32.9 per cent in 2015-16.<br />
<br />
The ratio for other states which went to elections was 30.6 per cent for Goa and 30.1 per cent for Uttar Pradesh. The debt-to-GSDP ratio was 24.4 per cent for Uttarakhand and 41.9 per cent for Manipur. Putting its finances in order will be an uphill task for incoming government, which will need to spruce up its resources and look to cut unplanned expenditure.<br />
<br />
Please <a href="http://indianexpress.com/article/explained/punjab-high-debt-level-at-rs-1-25l-crore-a-major-challenge-for-new-government-4567287/">click here</a> to read more. <br />
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-The Indian Express

One of the key issues that any incoming government in Punjab has to immediately grapple with is high state debt estimated at Rs 1.25 lakh crore in the last year&rsquo;s budget. A clutch of other key reforms such as improving land allotment process and streamlining property registration would also need the attention of the new government. Punjab has steadily accumulated the debt over the years, resulting in its...'
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	'title' => 'Punjab: High debt level, at Rs 1.25L crore, a major challenge for new government',
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-The Indian Express<br />
<br />
One of the key issues that any incoming government in Punjab has to immediately grapple with is high state debt estimated at Rs 1.25 lakh crore in the last year&rsquo;s budget. A clutch of other key reforms such as improving land allotment process and streamlining property registration would also need the attention of the new government. Punjab has steadily accumulated the debt over the years, resulting in its interest payments jumping over time.<br />
<br />
Under the Shiromani Akali Dal-Bharatiya Janata Party (SAD-BJP) government that won power in 2007 and then retained it in 2012 Assembly polls, Punjab&rsquo;s outstanding debt has more than doubled. Barring the year 2009-10, when it raised nearly Rs 12, 317 crore, marginally less than the nearly Rs 12,500 crore it had borrowed in 2008-09, the state&rsquo;s borrowings have steadily risen over the years.<br />
<br />
According to the RBI report on study of state government budgets, Punjab&rsquo;s annual debt is running at 31.4 per cent of the gross state domestic product (GSDP) in 2015-16, marginally lower than 32.4 per cent in the Revised Estimates of 2014-15. This is the second highest rate of indebtedness, with West Bengal topping the charts with a debt to GSDP ratio 32.9 per cent in 2015-16.<br />
<br />
The ratio for other states which went to elections was 30.6 per cent for Goa and 30.1 per cent for Uttar Pradesh. The debt-to-GSDP ratio was 24.4 per cent for Uttarakhand and 41.9 per cent for Manipur. Putting its finances in order will be an uphill task for incoming government, which will need to spruce up its resources and look to cut unplanned expenditure.<br />
<br />
Please <a href="http://indianexpress.com/article/explained/punjab-high-debt-level-at-rs-1-25l-crore-a-major-challenge-for-new-government-4567287/">click here</a> to read more. <br />
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-The Indian Express

One of the key issues that any incoming government in Punjab has to immediately grapple with is high state debt estimated at Rs 1.25 lakh crore in the last year&rsquo;s budget. A clutch of other key reforms such as improving land allotment process and streamlining property registration would also need the attention of the new government. Punjab has steadily accumulated the debt over the years, resulting in its...'
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