more-inCurbing government expenditure is no panacea to address the revenue shortfall triggered by the Supreme Court verdict banning liquor sales along highways, Kerala Public Expenditure Review Committee member D. Narayana has said. Toning up the quality of administration and increasing its efficacy too were vital at this stage, he said. A concerted effort should be made for enhancing the project preparation and execution skills to avert cost escalation for various projects. Battered by the impact of demonetisation of high value currency, the Supreme Court verdict has dealt another body blow to the government. The State, currently battling a mounting revenue deficit, could again vest its hopes only on the implementation of the Goods and Services Tax, mostly in July.

Source: The Hindu April 07, 2017 13:38 UTC