'AAP pushing Punjab towards bankruptcy': Congress slams state govt for heavy borrowing
2 years, 1 month ago

'AAP pushing Punjab towards bankruptcy': Congress slams state govt for heavy borrowing

India Today  

Punjab's Congress president Amarinder Singh Raja Warring warned the Aam Aadmi Party against fiscal profligacy, which can push the state into bankruptcy. Pointing out that the AAP-led government in Punjab has already taken a debt of Rs 11,464 crores in the last six months, Warring said the total borrowing will cross Rs 1 lakh crore in five years. Warring said despite such a precarious financial situation, the state government was splurging money shamelessly on Warring warned against such reckless expenditure on borrowed money. “You are pushing Punjab towards bankruptcy,” he said, while taking a dig at the government for showing the borrowed money as “income”.

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History of this topic

Punjab to borrow more as debt burden mounts
1 month, 2 weeks ago

Punjab to borrow more as debt burden mounts

Hindustan Times  

Amid concerns over rising state debt, the Punjab government has planned to borrow ₹5,000 crore in the third quarter of the current fiscal year. The state government has been on a borrowing spree, raising ₹21,119 crore in the first half of the 2024-25 financial year, which amounts to approximately 70% of the net borrowing of ₹30,464.92 crore projected in the …

Punjab: AAP eyes image boost with course correction
3 months ago

Punjab: AAP eyes image boost with course correction

Hindustan Times  

Chandigarh : The latest reshuffle, fourth in 30 months, in the Punjab cabinet is seen as Bhagwant Mann-led Aam Aadmi Party’s strategic effort to give party an image makeover and inject fresh blood into governance that has come under increasing Opposition scrutiny. The latest reshuffle, fourth in 30 months, in the Punjab cabinet is seen as Bhagwant Mann-led Aam Aadmi …

Petrol, Diesel Hike in Punjab: AAP government faces sharp criticism
3 months, 2 weeks ago

Petrol, Diesel Hike in Punjab: AAP government faces sharp criticism

The Hindu  

The Aam Aadmi Party -led government in Punjab on Thursday raised the retail price of petrol and diesel by increasing Value Added Tax, and abolishing the subsidy for consumers of power with load of over seven kilowatts. “In one of its most shameless moves ever, the AAP government has increased the prices of retail fuel and also withdrawn the scheme …

Debt rising, AAP using funds for personal gains, alleges Cong
5 months, 3 weeks ago

Debt rising, AAP using funds for personal gains, alleges Cong

Hindustan Times  

Formally launching its campaign for the Jalandhar West by-election, the Congress on Saturday lashed out at the Aam Aadmi Party government in the state for the rising debt, accusing its leaders of using money for their personal gains and funding their poll campaigns elsewhere. Congress leaders Amarinder Singh Raja Warring, Partap Singh Bajwa and Charanjit Singh Channi at an event …

BJP and AAP trade charges on the latter’s two-year-old rule in Punjab
9 months, 1 week ago

BJP and AAP trade charges on the latter’s two-year-old rule in Punjab

The Hindu  

In a verbal attack on the BJP, Punjab Chief Minister Bhagwant Mann on Saturday urged the people of the State to reject “anti-Punjab forces”, while the BJP took a dig at the AAP government, asserting that rampant drug menace, crumbling economy, misgovernance and unkept promises had marked its two-year “misrule” of the State. Hitting out at the AAP, BJP national …

Partap Bajwa hits out at AAP govt in Punjab for 0.25% stamp duty on vehicle, property loans
9 months, 3 weeks ago

Partap Bajwa hits out at AAP govt in Punjab for 0.25% stamp duty on vehicle, property loans

Hindustan Times  

Leader of Opposition Partap Singh Bajwa hit out at the Aam Aadmi Party government in Punjab for levying 0.25% stamp duty on loans for vehicles and property, stating that it would burn a hole in people’s pockets. “Chief minister Bhagwant Mann-led Punjab government, in its two-year rule, has hiked petrol and diesel prices twice. The senior Congress leader said, “In …

AAP in Punjab, Congress in Himachal Pradesh term Interim Budget as biased
10 months, 3 weeks ago

AAP in Punjab, Congress in Himachal Pradesh term Interim Budget as biased

The Hindu  

The Aam Aadmi Party Government in Punjab and the Congress Government in Himachal Pradesh on Thursday expressed disappointment and termed the Centre’s Interim Budget for 2024-25 as biased. “The Union Budget of the last 10 years of the BJP Government shows that the BJP always discriminated against Punjab and tried to deprive Punjabis any economic benefits,” he alleged in a …

AAP-Congress cracks widen as Punjab CM questioned over ₹50,000 crore loan row
1 year, 2 months ago

AAP-Congress cracks widen as Punjab CM questioned over ₹50,000 crore loan row

Hindustan Times  

The cracks between the Congress and the Aam Aadmi Party, partners in the newly formed Indian National Developmental, Inclusive Alliance, seem to have further widened as the Congress questioned the Bhagwant Mann government after governor Banwarilal Purohit sought from the state government details of utilisation of “this huge amount” of ₹50,000 crore loan. Punjab chief minister Bhagwant Mann Reacting to …

White Paper of Congress Govt Blames Previous BJP Regime's 'Fiscal Mismanagement' for Himachal's Debt Distress
1 year, 3 months ago

White Paper of Congress Govt Blames Previous BJP Regime's 'Fiscal Mismanagement' for Himachal's Debt Distress

News 18  

With the Congress government in Himachal Pradesh presenting a white paper on the state’s finances, an acrimonious exchange was witnessed between opposition and treasury benches in the assembly after the report indicated a grim fiscal health with the state’s financial liabilities mounting to Rs 92,774 crore. Agnihotri read the report amid a charged atmosphere, while blaming the previous BJP regime …

AP finance special secretary debunks claim of ₹10L-cr debt
1 year, 7 months ago

AP finance special secretary debunks claim of ₹10L-cr debt

Deccan Chronicle  

VIJAYAWADA: Andhra Pradesh Chief Minister’s special secretary Duvvuri Krishna on Thursday, condemning false news making the rounds on the state’s finances, said the total debt of AP was Rs 6.51 lakh crore and not Rs 10 lakh crore, as was being claimed by the Opposition. Krishna said, “The outstanding liabilities of the undivided state of Andhra Pradesh on March 31, …

With Economy, Law and Order in a Shambles, Udta Punjab is now Doobta Punjab Under AAP
2 years, 1 month ago

With Economy, Law and Order in a Shambles, Udta Punjab is now Doobta Punjab Under AAP

News 18  

If you’ve ever heard the phrase, ‘nasty, brutish and short’, you probably know about the rather pessimistic thinker who came up with it, Thomas Hobbes. This crisis is pervasive and permeating in all the aspects of its body politic: the situation of law and order, sinking economy, narco-terrorism, rise of extremist forces, and drug menace. When the famous Punjabi singer …

Can Punjab pull itself out of this mess? | OPINION
2 years, 1 month ago

Can Punjab pull itself out of this mess? | OPINION

India Today  

If you have ever heard the phrase, “nasty, brutish and short”, you probably know about the rather pessimistic thinker who came up with it, Thomas Hobbes. When the famous Punjabi singer Siddhu Moose Wala was brutally murdered in broad daylight, many people thought that the two-month-old AAP government is a new government and may take some more time to control …

Punjab FM presents AAP govt's first budget for FY 2022-23; health, agri, education key focus areas
2 years, 5 months ago

Punjab FM presents AAP govt's first budget for FY 2022-23; health, agri, education key focus areas

India TV News  

Highlights Cheema said the government has proposed to start the Punjab Young Entrepreneur programme Under this programme, the state government will provide seed money of Rs 2,000 per student Cheema also announced that the government will set up 16 new medical colleges over five years Punjab: AAP government's first budget for FY23 was presented in the state assembly by Punjab …

Bhagwant Mann Orders Probe into Punjab’s Rs 3 Lakh Crore Debt; Oppn Says Enquire AAP’s Ad Spending
2 years, 8 months ago

Bhagwant Mann Orders Probe into Punjab’s Rs 3 Lakh Crore Debt; Oppn Says Enquire AAP’s Ad Spending

News 18  

After announcing free power scheme in Punjab, chief minister Bhagwant Mann on Monday ordered probe into state’s debt worth Rs 3 lakh crore piled up allegedly by successive governments. If added to the previous years’ debt of Rs 2.48 lakh crore, the total debt would be Rs 2.67 lakh crore. While welcoming the CM’s decision, the Shiromani Akali Dal has …

Challenges before AAP's government in Punjab: How to create jobs while reducing debt burden
2 years, 9 months ago

Challenges before AAP's government in Punjab: How to create jobs while reducing debt burden

India Today  

A change of guard in Punjab, five years ago, came with an assurance to bring down the state’s debt burden. As per the latest data, Punjab’s total liability is more than 50 per cent of the state’s GDP. 2.5 lakh crores, revenue grew 31 per cent from Rs. Punjab and India both clocked a GDP growth of four per cent …

Why governing Punjab will be a daunting challenge for Bhagwant Mann
2 years, 9 months ago

Why governing Punjab will be a daunting challenge for Bhagwant Mann

India Today  

The victorious Aam Aadmi Party has started formalities for formation of its government in Punjab and the anointment of Bhagwant Mann as the state’s new chief minister. Mann, in his interaction with AAP’s newly elected Punjab legislators on March 11, urged them to spend time in their respective constituencies to address public grievances. To add to Mann’s worries, the mechanism …

Punjab polls: What freebies offered by political parties will cost state
3 years ago

Punjab polls: What freebies offered by political parties will cost state

India Today  

Ahead of the upcoming assembly elections in the state, political parties in Punjab are relying heavily on freebies and doles to attract voters. While the Aam Aadmi Party has announced that it will transfer Rs 1000 per month to every woman aged 18 or above, Shiromani Akali Dal has also promised Rs 2,000 to each blue card holder woman. When …

Punjab most indebted state, borrowing is not the way forward: Navjot Singh Sidhu
3 years, 1 month ago

Punjab most indebted state, borrowing is not the way forward: Navjot Singh Sidhu

India TV News  

Congress leader Navjot Singh Sidhu on Monday called Punjab as the most indebted state in the country, stressing that taxes should not settle debt but should go back to the people in the shape of development. The Punjab Congress chief further said borrowing was not the way forward adding that the half of the state's expenditure was funded by expensive …

Punjab Government Borrowing Out of Problems... Or into a Mess?
3 years, 9 months ago

Punjab Government Borrowing Out of Problems... Or into a Mess?

News 18  

The Punjab government appears to be in full campaign mode with the announcement of a populist budget for 2021-22. For instance, the state is over projecting its revenue receipts for 2021-22 at Rs 95,257 crore, a jump of almost 32 per cent over its revenue receipts of Rs 72,042 crore in 2020-21. Admittedly, revenue receipts in 2020-21 were down due …

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