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Haryana in debt trap of over Rs 2.29 lakh crore

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Every child born in Haryana is saddled with a debt of Rs 1 lakh. This is true with the estimated total debt on the state increasing to over Rs 2.29 lakh crore.

The main opposition Congress, which was at the helm for a decade till 2014, has been blaming the BJP-JJP government for pushing the state into debt and taking it towards bankruptcy.

As per official figures, the state’s debt was Rs 70,931 crore in 2014-15 when the BJP assumed power in the state for the first time.

In the current fiscal, it is expected to touch a whopping Rs 229,976 crore by the end of this fiscal.

As per budget estimates of 2021-22, the debt to GSDP ratio is estimated at 23.27 per cent in 2020-21, while it was 16.23 per cent in 2014-15. For the next fiscal, it is estimated at 25.92 per cent.

Leader of Opposition and two-time Chief Minister Bhupinder Singh Hooda told IANS that the BJP-JJP government is taking the state towards bankruptcy.

“That is why the debt figures were not clearly stated in the last budget speech. As per our estimations, the total debt has increased to Rs 2.25 lakh crore by March 2021,” he said.

Opposing the steep hike in development charges in areas falling under the civic bodies, Hooda said the Congress would question the government on issues of corruption, debt and unemployment in the upcoming Budget session of the Assembly.

He said the state had a debt of about Rs 70,000 crore when the BJP took over the reins of the state after the 2014 Assembly elections. Before handing over the helm several projects of national importance were commissioned by the Congress government.

“In the past seven years, the debt has increased to Rs 2.5 lakh crore,” said Hooda, adding no major project was established. “Where have these thousands of crores gone?”

According to Hooda, under the Congress government Haryana had become number one in per capita income, investment and generating employment.

“The neglect of 52,000 anganwadi workers is a living example of the negative thinking of the BJP-JJP government towards the daughters. Women workers say the government is not implementing the announcement made by the Prime Minister on September 10, 2018, to increase the honorarium of workers by Rs 1,500 and for helpers by Rs 750,” he said.

A revenue surplus state till 2008-09, Haryana has consistently been in deficit after that. In 2016-17, the debt burden was Rs 124,935 crore.

In 2017-18, the interest payments were pegged at Rs 11,257 crore — up from Rs 9,616 crore in 2016-17. In 2015-16, it was Rs 8,284 crore.

CRISIL’s last year study of the top 18 states, including Haryana and Punjab, says the aggregate indebtedness of states, measured by debt to gross state domestic product (GSDP), is expected to remain elevated at 33 per cent this fiscal, despite the post-pandemic recovery bolstering the shrinking revenue graph.

The ratio had risen to a decadal high of 34 per cent last fiscal. Sticky and elevated revenue expenditure and the need for higher capital outlay will keep borrowings up this fiscal, it adds.

For the rising financial debt, Chief Minister Manohar Lal Khattar, who also holds the finance portfolio, is blaming the Congress government for leaving behind a debt liability of Rs 98,000 crore.

“In 2014, when the BJP assumed power the state had a debt of Rs 98,000 crore, while the Opposition used to claim it to be Rs 61,000 crore,” he told the media on February 23.

Also he defends by saying the loan liability is increasing because the capital expenditure (money spent on creating assets) is also increasing.

“When the BJP came to power in 2014-15, a debt of Rs 27,860 crore of power distribution companies was included in the government’s debt under the Ujjwal Discom Assurance Yojana. For this reason, the total debt has increased. When the Congress tenure ended, the debt liability was Rs 70,900 crore. If the loan amount of Rs 27,860 crore taken by power discoms is added, the total debt is Rs 98,000 crore,” Khattar said.

He said revenue collection had dipped during the coronavirus period and an additional expenditure of Rs 1,500 crore was incurred.

Blaming the BJP-JJP government for the monstrous cycle of a huge debt, Congress general secretary Randeep Singh Surjewala said, “The BJP-led government has increased the state’s debt from Rs 68,000 crore to Rs 2 lakh crore in seven years of its rule.”

Officials said the outstanding debt by the end of Khattar’s maiden term from 2014 to 2019 was Rs 185,463 crore.

While presenting the budget in March 2021, Khattar said the debt liability of the state is likely to go up to Rs 229,976 crore as on March 2022 from Rs 199,823 crore as on March 2021, constituting 25.92 per cent of the gross state domestic product (GSDP).

National News

Shivdeep Lande: Bihar’s Singham IPS Shivdeep Lande resigns from police service, because in bouquet, what to do next?

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Patna: Marathmole IPS officer Shivdeep Lande popularly known as Singham of Bihar has resigned from the police service. Shivdeep Lande gave information about this by sharing a post on social media. In this post, Shivdeep Lande said, “My dear Bihar, I am now resigning from my post after 18 years of service through government posts. Throughout my tenure, I have considered the state of Bihar above myself and above my family. I am sorry if I have missed anything during my service. I have resigned from Indian Police Service. However, I will stay in Bihar. Shivdeep Lande has mentioned in his Facebook post that Bihar will be my Karmabhoomi from now on.

Shivdeep Lande, a 2006 batch IPS officer, was currently a Superintendent in the Bihar Special Task Force. He is well known in Bihar for his fearless work style. Chief Minister Nitish Kumar also expressed regret when Shivdeep Lande was transferred to Maharashtra for some time. Bihar Chief Minister Nitish Kumar did not want to release Lande. However, Singham Shivdeep Lande was allowed to return to Swagrihi i.e. Maharashtra.

Who is Shivdeep Lande?
Shivdeep Lande, 40, is a 2006 batch IPS officer. Shivdeep has graduated in Electrical Engineering. Shivdeep was born on 29 August 1976 at Badsingi in Buldana district. The house situation is very bad. Shivdeep has an elder sister and a younger brother. Shivdeep’s primary education was done in Zilla Parishad School. He then graduated from Amravati University through government quota in Electronic Engineering. After this, Shivdeep directly reached Mumbai for his job. He worked as a lecturer in engineering college in many colleges in Mumbai. But the desire to do something for the society did not allow him to sit still. So he prepared for UPSC. Shivdeep Lande, who passed UPSC, wanted to become a collector. But due to not getting rank, he had to accept IPS.

First posting
Shivdeep Lande was posted as Superintendent of Police in Jamalpur near Munger, Bihar. This area was known as Naxal infested. This area was known as the area of ​​Naxalites who were firing on the police. It is here that Superintendent of Police Surendra Babu was killed by Naxalites in 2005. So the police were afraid to go to this place. But in the very first appointment, Shivdeep made an impression on his work and won the trust of the locals. Every week they visit the area and meet the locals. So he got the support of the locals. It resulted in a reduction in crime. Shivdeep ended crime in Bihar by carrying out many striking operations. Political pressure was put on them to stop the strike action. He was also transferred. However, Bihari people had come to the streets against Shivdeep’s transfer.

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Crime

Tripura: Police Seize 44 Kg Of Drugs Worth Rs 2.52 Lakh At Agartala Railway Station

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Agartala (Tripura): Agartala Government Railway (GRP) Police seized 44 kg of drugs worth Rs 2.52 lakhs at Agartala Railway Station, railway police said on Tuesday.

About The Seizure

Acting on a tip-off, police on Tuesday conducted a search near the 13th rail track on the Agartala to Jirania route, near Agartala Railway Station. During the operation, authorities recovered 44 kg of dried cannabis from bushes alongside the tracks. The narcotics were allegedly being smuggled out of the state via train.

According to the police, the seized cannabis has an estimated market value of approximately Rs 2.52 lakhs. The Agartala GRP (Government Railway Police) station has launched an investigation to identify the individuals responsible for this illegal consignment. Further action will be taken based on the findings of the investigation.

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National News

Atishi Likely To Address First House Session As Delhi Chief Minister On September 26 And 27

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Delhi: Aam Admi Party leader and the successor of Arvind Kejriwal as the Chief Minister of Delhi, Atishi Marlena Singh, will likely address her first session as the head of the Delhi assembly next Thursday, September 26. The Delhi government has announced a two-day special session on September 26 and 27, as reported by party officials.

Atishi Takes Over After Kejriwal As Delhi CM

The choice to convene a special session aligns with Arvind Kejriwal stepping down as the chief minister and CM-designate Atishi asserting her right to govern. A senior party member mentioned that the meeting’s agenda is still undecided.

When Will Atishi Take Oath As Delhi’s New CM?

Atishi Marlena, the newly appointed Chief Minister of Delhi, has not yet been sworn in. Although the dates haven’t officially been announced yet, as per a few reports, the oath-taking ceremony is scheduled to occur before the Delhi Assembly session. The Speaker’s Office has announced that the Delhi Assembly session is scheduled for September 26 and 27.

Atishi To Address House

Atishi is scheduled to address the house on the challenges confronting Delhi and to assure the path forward. The member stated that it is uncertain if the oath-taking ceremony will be finished by then, as it will rely on the dates given by LG VK Saxena after approval from the President.

SK Sharma, a constitutional expert and a former secretary to the Lok Sabha and the Delhi assembly, said, “The power to appoint minister and chief minister is with the President. The head of legislative group has laid stake to power. Since AAP has brute majority, there should be no hurdle.”

“A date for oath-taking ceremony needs to be fixed, which is at the discretion of the President and LG.” Sharma said.

“Atishi will be speaking at the house on issues being faced by Delhi and the way ahead. It is not yet clear whether the oath-taking ceremony would be complete by then, as it will depend on the dates provided by LG VK Saxena after concurrence from the President,”

Assembly Sessions

Throughout the course of a year, there are typically three significant assembly sessions conducted, namely the budget session, monsoon session, and winter session. However, there have been occasions where the legislative assembly has convened more than three sessions to address the urgent matters presented by the government. There must also not be a gap longer than six months between two sessions.

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