Neighbors hit, Center asks states to reduce debt burden – Times of India

NEW DELHI: The Center has urged chief secretaries of all states to keep a watch on the rising debt burden and fiscal deficit as their performance will have a huge impact on the country’s economy.
Sources said the government has flagged that some states are as big as India’s neighbors. Pakistan And Sri LankaThose who are facing economic crisis, and need to take quick steps to address the growing concerns over their financial health.
TOI has learned that the Finance Secretary made a detailed presentation before the first conference of Chief Secretaries held in Dharamsala last week. It showed which states have higher debt burden and each state has a record of capital expenditure.

“Some of the chief secretaries have assured the finance ministry officials that they will make a detailed presentation before their respective state cabinets to apprise them of the issues,” a source said.
Another official said the Center has expressed concern over how the situation could get out of hand if immediate steps are not taken.
In April, the top bureaucrats at the Center had flagged their concerns in a meeting chaired by? PM Narendra Modi On populist schemes and freebies announced by political parties during elections. He warned that some of these states were moving towards cash-strapped Sri Lanka. Greece If the trend remained uncontrolled.
The PM had directed top officials to analyze the long-term financial implications of the policy measures and share them with the states.
Officials said that the central government officials also highlighted the need to adopt best practices of other states for crop diversification.
Sources said states have also been urged to focus on the quality of their teachers. States have been asked to fill up the vacant posts of teachers, train them and equip them with latest technologies.
“Based on these discussions, final recommendations will be made to the government, which will then be placed before the committee Governing Council of NITI Aayog For deliberation,” said an official.

‘या लेखात समाविष्ट असलेल्या कोणत्याही माहिती/सामग्री/गणनाची अचूकता किंवा विश्वसनीयता हमी नाही. ही माहिती विविध माध्यमे / ज्योतिषी / पंचांग / प्रवचन / विश्वास / धर्मग्रंथांमधून गोळा करून तुमच्यासाठी आणली गेली आहे. आमचा हेतू फक्त माहिती पोहोचवणे आहे, त्याच्या वापरकर्त्यांनी ती फक्त माहिती म्हणून घ्यावी. याव्यतिरिक्त, त्याचा कोणताही वापर वापरकर्त्याची स्वतःची जबाबदारी असेल. ‘

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