National News
Haryana in debt trap of over Rs 2.29 lakh crore
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).
Crime
Naxal weapon dump found in Chhattisgarh’s Kachchapal forest in police-BSF operation

Raipur/Narayanpur, July 17: In a significant boost to anti-Naxal operations in Chhattisgarh, Narayanpur Police along with the 58th battalion of the Border Security Force (BSF) successfully recovered a concealed weapon dump belonging to Naxals during a joint search operation on Friday.
The coordinated effort was carried out in the dense forests under the Kohkameta police station area, aimed at strengthening security in the district’s Naxal-free zones and preventing the resurgence of extremist activities.
Acting on specific intelligence, the security personnel launched an intensive search in the Kachchapal forest region. After thorough combing, the teams discovered a well-hidden cache of arms and ammunition that Naxals had reportedly stashed away for future use.
The recovery marks another success in the sustained campaign to cleanse the area of leftover war material from earlier insurgent operations.
The police officials informed that items seized included one .303 rifle, one .315 rifle, and a locally made barrel launcher. Security forces also recovered 17 live cartridges of .303 bore, 10 live cartridges of 7.62 mm, and four 12-bore cartridges. Also, an empty .303 magazine, two cartridge fillers, and three .303 tracer rods were found at the site.
All the recovered materials have been carefully seized and handed over for further examination.
A formal case has been registered at the Kohkameta police station, and legal proceedings against the Naxal operatives involved are underway, the officials further said.
The police officials said the continued vigilance of Narayanpur Police and central security forces in the region will be maintained and even intensified.
For several months now, joint teams have been conducting regular and intensive search operations across the district’s vulnerable pockets. These proactive measures have led to the consistent recovery of weapons, explosives, and other contraband previously hidden by Naxal groups.
By systematically eliminating these hidden arsenals, the forces are not only disrupting potential militant activities but also reinforcing the atmosphere of peace and normalcy that residents have been experiencing in recent times.
Senior officials have praised the seamless coordination between the district police and the BSF unit, noting that such joint operations play a crucial role in maintaining law and order.
Local administration remains committed to sustaining pressure on anti-national elements while simultaneously focusing on development initiatives to win the trust of tribal communities.
The successful operation in Kachchapal forest is expected to further deter Naxal outfits from using the area as a safe haven for storing arms.
As security forces continue their pursuit, authorities have appealed to locals to share any relevant information that could help in neutralising remaining threats.
With multiple such recoveries reported in the recent past, Narayanpur district is steadily moving towards complete eradication of Naxal influence, paving the way for lasting peace and progress in the region.
Business
CEAT shares tumble over 9 pc after Q1 profit slumps 96 pc

Shares of tyre maker CEAT fell more than 9 per cent in early trade on Friday after the company reported a sharp decline in net profit in its June quarter earnings, with higher input costs squeezing margins despite healthy revenue growth.
The stock dropped as much as 9.3 per cent to an intraday low of Rs 3,473.05 on the BSE by 10:18 a.m., compared with its previous close of Rs 3,829.30.
The company reported a 96 per cent year-on-year decline in consolidated net profit to Rs 4 crore in the first quarter of FY27, from Rs 112 crore in the corresponding period last year.
However, revenue from operations rose 22.4 per cent year-on-year to Rs 4,318 crore from Rs 3,529 crore, reflecting healthy demand across business segments.
According to the company, profitability came under pressure due to higher raw material costs triggered by the ongoing conflict in West Asia.
Managing Director and CEO Arnab Banerjee said the company increased tyre prices in phases to partially offset the rise in input costs while maintaining demand and market share. He added that raw material prices are expected to remain elevated during the second quarter.
The company’s operating performance remained under pressure, with EBITDA declining 5.7 per cent to Rs 365 crore from Rs 387 crore a year earlier. EBITDA margin contracted to 8.5 per cent from 11 per cent.
Over the past one year, CEAT shares have declined around 8 per cent, underperforming the broader market. The stock has fallen more than 8 per cent in the last six months and nearly 6 per cent so far this year.
The stock has touched a 52-week high of Rs 4,431.60 and a 52-week low of Rs 3,006.50 on the BSE.
National News
Mystery surrounds 15-year-old national level shooter Damayanti Sen’s disappearance from Howrah station in Bengal

The sports circles in West Bengal have been rocked by the mysterious disappearance of a national level shooter, Damayanti Sen, from the Howrah Station near Kolkata since Thursday afternoon. The 15-year-old girl could not be traced till Friday morning despite frantic searches by her parents and the police.
As per the missing case registered by her parents at the local police station, Damayanti Sen, who had been recently selected for trials in the national team, went out of her residence on Thursday afternoon to purchase some household items and did not return home after that.
According to her parents, when she left the house to purchase some household items, the teenager was carrying her mobile phone.
After Damayanti Sen did not return home for quite some time, her family members started tracking her whereabouts and enquired about the teenager from her friends, shooting associates and relatives. Finally, after being unable to track her, they registered a missing diary at the local police station.
The police immediately started investigating the matter and finally they tracked the CCTV footage at Howrah Station, where Damayanti Sen was spotted moving between platform number four and platform number five of the station.
“That was the last time that she was spotted and we are now trying to track where she went from there,” said a local police officer. However, she could not be traced till Friday morning.
According to police sources, 15-year-old Damayanti Sen is a resident of 30/2, Umacharan Bhattacharjee Lane in Central Howrah.
According to the statement given to the police by her family members, ever since she was selected for the national team trials, she used to rise early daily for practice. Her parents categorically informed the police that she had no disagreement with any of her family members in the recent past.
Now the family members are wondering about the mystery behind the entire development. Her friends, neighbours and shooting teammates are equally worried about the disappearance of the teenager.
This is not the first time that the shooting circles in West Bengal have been rocked by a controversy.
In March last year, the West Bengal Rifle Association (WBRA) suspended Olympian and former Indian rifle coach Joydeep Karmakar from all shooting activities in the state. His suspension came after he made a series of social media posts in January last year accusing the association of corruption
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