PANKAJ SHARMA
Amritsar
Manjit Singh Calcutta the Ex Education minister of Punjab said , Punjab Government failed to up lift the economical condition of the state.The Rs 35000crore package offered by Shri Pranab Mukerji,the Finance Minister Govt.of India, is a golden opportunity to retrieve the Punjab economy from the present pathetic condition.The successive Pb.Governments have failed to check the downslide of the Punjab economy and it is caught in a deadly debttrap. Manpreet Singh Badal,Finance Minister Punjab’s pleadings to accept the rarest offer extended by the center to his own party as well as to the opposition parties for a political consensus should be attended to seriously and forthwith.
Calcutta further said the successive Pb.Govts. specially since 1980 could not take advantage of the ‘agricultural surplus’ in the wake of green revolution for industrialization of Punjab.Punjab which lead the other states in economic growth ,today stands amongst the lowest 2-3 states and the pride of the place has gone to the state of Gujrat,whose economy is witnessing a growth rate of 28% in camparasion to Punjab”s growth rate of 2-3 %.Punjab leadership has always lagged behind informulating any solid forward looking economic policy and also lacked the political will to take hard decisions.The major two political parties were only busy in partisan political battles and against the basics of the modern economics ,indulging in offering doles free bies and subsidies to garner votes .C.M.of Punjab ,who never misses an opportunity in bashing the center and accusing them for all the ills of Punjab and its discriminatory policies,should come forward to positively consider the present offer of cutting the debt of Punjab to its half . The Conditions can be negotiated but most of the conditions viz. namely disinvesting loss making PSUs ,reducing the annual loss Punjab road ways,stop withdrawl of no pre mature Provident Fund or to impose property tax,water charges,cutting on power subsidies,ensuring a cag audit of local bodies and imposing charges on change of land use extra .I f such taxes or charges ,are being imposed in other states then there is no reason of shying away from these.The non acceptance of the offer would lead Punjab to financial bankruptcy,because the annual growth of 7-8 thousand crore of additional to the present 71000 crore debt,would leave Punjab with no option but to complete financial brake down and emergency that would force central govt. intervention.added Calcutta
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