Punjab’s fiscal health much better than many other states, Centre: Sukhbir Badal
Monday, September,09 2013 - 18:02
By Abhijit Prashar-
CHANDIGARH: Punjab deputy chief minister Sukhbir Singh Badal on Monday made a valiant attempt to defend the rather delicate financial situation of the state at a marathon press conference lasting well over one hour, most of which was taken up by a power point presentation on various aspects of the state’s economy.
Sukhbir, who faced a barrage of questions from the media, tried to answer most of them as best as he could but still left many of the scribes unsatisfied. The deputy chief minister tried to divert the criticism by comparing Punjab’s fiscal health with those of other states as well as the Centre by emphasizing that Punjab’s economy was in much better shape than that of the crisis-ridden Union government.
He also said that contrary to what was being reported in newspapers and TV news channels, the state’s actual finances were in much better health than in the previous Congress state government.
Speaking to media at Punjab Bhawan on Monday, Sukhbir Badal presented a power point presentation in which he emphasized on the state’s growth rate as well as revenue generation vis-� -vis other states in the country. He said, “Contrary to what is being reported on a daily basis in certain newspapers and news channels, the Shiromani Akali Dal (SAD)-BJP government has fared far better than Captain Amarinder Singh-led Congress regime of 2002-07.”
He presented power point slides on the state’s expenditure, Centre’s contribution to the state’s finances, Punjab’s tax revenue receipts as well as the state’s non-tax revenue receipts, all the while pointing out to the fact that a state’s revenue deficit on one day may not be the case the next day as a state government’s finances are not calculated on a day-to-day basis, but on an year-to-year basis. He quoted facts and figures from Reserve Bank of India (RBI), Central agencies as well as state monitoring agencies.
Badal also appealed to the media not to paint a scary picture of Punjab’s finances which would drive away investments from within India as well as from abroad.
Source : Punjab Newsline Network
Monday, September,09 2013 - 18:02
By Abhijit Prashar-
CHANDIGARH: Punjab deputy chief minister Sukhbir Singh Badal on Monday made a valiant attempt to defend the rather delicate financial situation of the state at a marathon press conference lasting well over one hour, most of which was taken up by a power point presentation on various aspects of the state’s economy.
Sukhbir, who faced a barrage of questions from the media, tried to answer most of them as best as he could but still left many of the scribes unsatisfied. The deputy chief minister tried to divert the criticism by comparing Punjab’s fiscal health with those of other states as well as the Centre by emphasizing that Punjab’s economy was in much better shape than that of the crisis-ridden Union government.
He also said that contrary to what was being reported in newspapers and TV news channels, the state’s actual finances were in much better health than in the previous Congress state government.
Speaking to media at Punjab Bhawan on Monday, Sukhbir Badal presented a power point presentation in which he emphasized on the state’s growth rate as well as revenue generation vis-� -vis other states in the country. He said, “Contrary to what is being reported on a daily basis in certain newspapers and news channels, the Shiromani Akali Dal (SAD)-BJP government has fared far better than Captain Amarinder Singh-led Congress regime of 2002-07.”
He presented power point slides on the state’s expenditure, Centre’s contribution to the state’s finances, Punjab’s tax revenue receipts as well as the state’s non-tax revenue receipts, all the while pointing out to the fact that a state’s revenue deficit on one day may not be the case the next day as a state government’s finances are not calculated on a day-to-day basis, but on an year-to-year basis. He quoted facts and figures from Reserve Bank of India (RBI), Central agencies as well as state monitoring agencies.
Badal also appealed to the media not to paint a scary picture of Punjab’s finances which would drive away investments from within India as well as from abroad.
Source : Punjab Newsline Network
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