more-inNagpur: While accepting that the state loan may touch the ₹ 4.64 lakh crore figure before the next budget, Minister of State for Finance, Deepak Kesarkar on Monday claimed that release of only 70% of the allotted money for the district schemes does not amount to a cut in funding. Mr. Kesarkar was replying to a question on funding for the farm loan waiver scheme in the Council. Mr. Kesarkar replied that though the loan amount is on the rise, and may touch up to ₹4.64 lakh crore, the Gross State Domestic Product (GSDP) allows up to ₹6.19 lakh crore to be raised. Mr. Tatkare alleged that the cuts of 30% to district planning schemes proves that the state is in a shambles on the economic front. Our actions were labelled at financial indiscipline, then shouldn’t the BJP’s handling of financial matters be termed as indiscipline,” Mr. Tatkare wanted to know.

Source: The Hindu December 18, 2017 18:11 UTC