• About us
  • Columnists
  • Careers
  • Brand Partnerships
  • rightlog is now TFIPOST
TFI Official Merchandise
हिन्दी
Friday, April 23, 2021
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Tamil Nadu, Orissa, Naveen Patnaik, COVID-19,

    Amid Oxygen crisis, Tamil Nadu and Odisha step up as the saviours of India

    COVID-19, Health care, Fake News, fake propaganda

    Fake news peddler Dr Biswaroop Roy Chowdhury is back with ‘anti-vaccine’ campaign which could claim millions of lives and should be put behind bars

    Ram Temple, Oxygen, Ayodhya

    Joining hands with other temple trusts, Shri Ram Janmabhoomi Teerth Kshetra Trust steps in to fund oxygen plants in Ayodhya

    Sonia Gandhi, PM Modi, vaccine

    Most states except opposition-ruled ones are giving Covishield jabs for free, so Sonia should talk to her CMs and alliance partners and not the PM

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India, agriculture, exports

    India is set to be a food export powerhouse in the coming years as the country registers 18% growth in agricultural exports in FY21

    India, WTO

    India’s decision to not participate in WTO meet has an underlying message for the whole world

    IT sector, IT Companies, TCS, India

    IT companies didn’t just make a killing profit during the lockdown but hired more employees too

    Term Plans

    Securing Family’s Future? Why You Should Invest in Online Term Plans This Year

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Indian Army, warfare, Training, Chinese

    IAF, Army and Navy will now jointly train for nuclear-biological-chemical warfare

    india indian army ladakh drones

    Amid standoff with China, India puts the Ladakh region under drone surveillance. More Made-In-India drones to follow

    drdo

    For 6 decades DRDO was not up to the mark. Today it is making one missile after another. What really changed

    ghatak drone

    GHATAK- How India’s stealth combat drone programme promises to make it a military superpower

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Qamar Bajwa, Imran Khan, Pakistan Army

    For the first time since Zia-Ul-Haq, Pakistani army is not united. Imran and Bajwa will be the first casualties of it

    Imran Khan, Pakistan, TLP

    Imran Khan had nurtured and formed the TLP but it is turning into a noose around his neck

    Sadiq Khan, IPL, London

    ‘Make me win na, I will bring IPL to London,’ Sadiq, the Pakistan origin Mayor of London is promising an Indian sporting event to Londoners

    bangladesh hindus

    There will not be any Hindus left in Bangladesh in the next 25 years, top think-tank concludes

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Bhagwan Hanuman, Hampi, Andhra Pradesh, Karnataka

    Andhra and Karnataka are up in arms over the birthplace of Bhagwan Hanuman. But it’s actually a good thing

    sister nivedita

    Sister Nivedita – The friend of all

    Tanishq

    A stupid Ad and a dumb explanation: What Tanishq lost in last 48 hours?

    Coco island, islands, Nehru

    Nehru’s massive strategic blunder – How Nehru gave Coco Islands to Burma that China later grabbed

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Satire
    • Sports
    • technology
    • Travel
    Radhe, Salman Khan

    Same old wine in a new bottle: Reasons why Salman Khan’s ‘Radhe’ will be a total disaster

    Bollywood industry, Small-time workers

    Bollywood isn’t just composed of a handful of stars but lakhs of daily wage workers also and the ‘industry’ has left them to die

    Ajay Devgn, Rudra

    Ajay Devgn will mark his entry into the OTTverse with the official adaptation of Luther

    Indian TV Series, Sequel

    Sequels and second seasons don’t work in India. What happens to the Indian directors after first movie and first season of TV series?

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
No Result
View All Result
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Tamil Nadu, Orissa, Naveen Patnaik, COVID-19,

    Amid Oxygen crisis, Tamil Nadu and Odisha step up as the saviours of India

    COVID-19, Health care, Fake News, fake propaganda

    Fake news peddler Dr Biswaroop Roy Chowdhury is back with ‘anti-vaccine’ campaign which could claim millions of lives and should be put behind bars

    Ram Temple, Oxygen, Ayodhya

    Joining hands with other temple trusts, Shri Ram Janmabhoomi Teerth Kshetra Trust steps in to fund oxygen plants in Ayodhya

    Sonia Gandhi, PM Modi, vaccine

    Most states except opposition-ruled ones are giving Covishield jabs for free, so Sonia should talk to her CMs and alliance partners and not the PM

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India, agriculture, exports

    India is set to be a food export powerhouse in the coming years as the country registers 18% growth in agricultural exports in FY21

    India, WTO

    India’s decision to not participate in WTO meet has an underlying message for the whole world

    IT sector, IT Companies, TCS, India

    IT companies didn’t just make a killing profit during the lockdown but hired more employees too

    Term Plans

    Securing Family’s Future? Why You Should Invest in Online Term Plans This Year

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Indian Army, warfare, Training, Chinese

    IAF, Army and Navy will now jointly train for nuclear-biological-chemical warfare

    india indian army ladakh drones

    Amid standoff with China, India puts the Ladakh region under drone surveillance. More Made-In-India drones to follow

    drdo

    For 6 decades DRDO was not up to the mark. Today it is making one missile after another. What really changed

    ghatak drone

    GHATAK- How India’s stealth combat drone programme promises to make it a military superpower

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Qamar Bajwa, Imran Khan, Pakistan Army

    For the first time since Zia-Ul-Haq, Pakistani army is not united. Imran and Bajwa will be the first casualties of it

    Imran Khan, Pakistan, TLP

    Imran Khan had nurtured and formed the TLP but it is turning into a noose around his neck

    Sadiq Khan, IPL, London

    ‘Make me win na, I will bring IPL to London,’ Sadiq, the Pakistan origin Mayor of London is promising an Indian sporting event to Londoners

    bangladesh hindus

    There will not be any Hindus left in Bangladesh in the next 25 years, top think-tank concludes

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Bhagwan Hanuman, Hampi, Andhra Pradesh, Karnataka

    Andhra and Karnataka are up in arms over the birthplace of Bhagwan Hanuman. But it’s actually a good thing

    sister nivedita

    Sister Nivedita – The friend of all

    Tanishq

    A stupid Ad and a dumb explanation: What Tanishq lost in last 48 hours?

    Coco island, islands, Nehru

    Nehru’s massive strategic blunder – How Nehru gave Coco Islands to Burma that China later grabbed

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Satire
    • Sports
    • technology
    • Travel
    Radhe, Salman Khan

    Same old wine in a new bottle: Reasons why Salman Khan’s ‘Radhe’ will be a total disaster

    Bollywood industry, Small-time workers

    Bollywood isn’t just composed of a handful of stars but lakhs of daily wage workers also and the ‘industry’ has left them to die

    Ajay Devgn, Rudra

    Ajay Devgn will mark his entry into the OTTverse with the official adaptation of Luther

    Indian TV Series, Sequel

    Sequels and second seasons don’t work in India. What happens to the Indian directors after first movie and first season of TV series?

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
No Result
View All Result
TFIPOST
No Result
View All Result
  Newswire
Winning starts for Manika, Sutirtha at Oly qualification tourney 1 month ago
Top Jaish man Sajjad Afghani killed in Kashmir (2nd Ld) 1 month ago
Akhilesh vs Yogi in hoarding war 1 month ago
Court grants bail to 7 accused in JNU sedition case 1 month ago
India’s WPI inflation rises to 4.17% in Feb 1 month ago
AstraZeneca: No evidence of high blood clot risk from vaccine 1 month ago
Next
Prev

Madhya Pradesh, Chhattisgarh and Rajasthan on the verge of bankruptcy

Amit Agrahari
by Amit Agrahari
25 December 2018
in Economy
0
MP, Chhattisgarh, Rajasthan, Congress

PC: Eenadu India Hindi

1.6k
SHARES
4.1k
VIEWS
Sharre via FacebookShare via Twitter

Congress party is well known for its ‘Know-it-all’ ministers and ‘Promise-it-all’ manifestos. The party made many unrealistic promises in its manifesto for 2018 assembly elections in Madhya Pradesh, Rajasthan, and Chhattisgarh. MP manifesto included promises like waiver of loans up to 2 lakh of 81 lakh farmers in the state, 10,000 rupees per month as unemployment benefit to youth, 51,000 rupees for the marriage of daughters of small farmers, increasing the limit of Kisan Credit Card (KCC), loan waiver to women self-help groups and so on. On the same lines, it promised farm loan waiver in Rajasthan and Chhattisgarh. The Rajasthan manifesto of Congress also included 3,500 rupees as unemployment benefits to a single member of a family. The manifestos also promised power bill waiver for poor people in full and a half for others.

Now as the Congress has won elections riding on these populist promises, the newly elected governments in these states are facing the scarcity of funds. The loan waiver in MP would alone cost around 36,000 crores while 18,000 crores and 6,100 crores in Rajasthan and Chhattisgarh respectively. The loan waiver will alone cost more than 20 percent of the budgeted expenditure of MP, more than 15 percent of expenditure of Rajasthan and above 10 percent of Chhattisgarh’s expenditure. The previous governments in respective states have already spent 50 to 70 percent of budgeted expenditure for the fiscal year 2018-19 in the first 7 months. So, there is little room left for additional spending in the upcoming months. The newly-elected state governments do not have money to deliver on loan waiver promise itself; the other promises like unemployment, power bill waiver still remain a distant dream. The majority of promises are expected to get shifted to the next fiscal year as there is little money left. “Some promises may find reflection in the next budget. The political leadership will take the decision,” said a Chhattisgarh finance department officer.

If the state governments seek to fulfill their promises, the only option left with them will be of market borrowing. “We are working out the modalities,” said a Madhya Pradesh finance department official. Madhya Pradesh has a borrowing capacity of 60,000 crore rupees and the government has already taken loans above 50,000 crore rupees which means that the state has very little space for market borrowings. The market borrowings will push these states in a cycle of debt.

These states would also have to breach the limits of deficit as mandated by Fiscal Responsibility and Budget Management Act. In Rajasthan, the fiscal deficit was 3.01 percent in the last budget which already is above the ideal limit of 3 percent. The state has borrowing capacity of 36,000 crore rupees and has already taken loans worth 25,000 crore rupees. The outstanding liabilities of Rajasthan are 27.57 percent of GSDP (Gross State Domestic Product) which is above the mandated 25 percent.

Given the fiscal constraints, the states will not be able to deliver on most of the populist promises. Rajasthan’s newly elected CM Ashok Gehlot too admitted that there are fiscal constraints. The governments in these states do not have enough money, therefore, it is for sure that electoral promises will not be delivered. The money spent on welfare will reduce the space for capital spending which could spur economic growth in the upcoming years. The Congress governments in these states are in doldrums and credit for it goes to ‘promise-it –all’ manifestos.

Tags: ChhattisgarhCongressMadhya Pradeshmanifestorajasthan
Share1595TweetSend
Previous Post

Mohammad Kaif destroys Imran Khan’s rant on India’s ‘intolerance’

Next Post

2018 has been a bad year for Chinese economy, here’s why

Amit Agrahari

Amit Agrahari

Engineering grad but Humanities and social sciences are my forte. Avid reader of religious Scriptures (Especially Hindu), Lord Shiva devotee

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
India, agriculture, exports

India is set to be a food export powerhouse in the coming years as the country registers 18% growth in agricultural exports in FY21

23 April 2021
Radhe, Salman Khan

Same old wine in a new bottle: Reasons why Salman Khan’s ‘Radhe’ will be a total disaster

23 April 2021
Tamil Nadu, Orissa, Naveen Patnaik, COVID-19,

Amid Oxygen crisis, Tamil Nadu and Odisha step up as the saviours of India

23 April 2021
COVID-19, Health care, Fake News, fake propaganda

Fake news peddler Dr Biswaroop Roy Chowdhury is back with ‘anti-vaccine’ campaign which could claim millions of lives and should be put behind bars

23 April 2021

Popular This Week

PM Modi, Uddhav Thackeray, Congress, Maharashtra, Ashish Deshmukh
Trending

Maharashtra Congress leader requests PM Modi to take over Maharashtra as Uddhav has been a disaster

by Abhinav Singh
21 April 2021
Karan Johar, Kartik Aarya, Bollywood
Trending

Karan Johar targets another ‘outsider’ Kartik Aaryan, netizens call for Boycott of Bollywood

by Abhinav Singh
17 April 2021
Kashmir, J&K Police, mehbooba mufti, Islamic Terrorism, Islamist terrorists
Trending

Modi govt’s stern message to terrorist sympathisers – woman cop arrested for obstructing anti-terror operation

by Abhinav Singh
17 April 2021
Uddhav Thackeray, Devendra Fadnavis, MVA government
Opinions

Fadnavis is exposing every malpractice in the Maha Vikas Aghadi, now Uddhav govt is desperately trying to take him down

by TFIPOST News Desk
20 April 2021
Kartik Aaryan, Karan Johar, Nepotism, Bollywood
Opinions

Is Kartik Aaryan too Hindu to survive in liberal Bollywood?

by Sanbeer Singh Ranhotra
18 April 2021

©2021 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
TFI Official Merchandise
हिन्दी
  • About us
  • Columnists
  • Careers
  • Brand Partnerships
  • rightlog is now TFIPOST

©2021 TFI Media Private Limited