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Mounting bank liabilities serious matter: Kaul

Our CorrespondentPalampur, February 16 Thakur Kaul Singh, senior Congress leader and former minister, today alleged that the BJP government had forced the state in debit trap in the past three years as the total bank liabilities of the state had...
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Our Correspondent
Palampur, February 16

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Thakur Kaul Singh, senior Congress leader and former minister, today alleged that the BJP government had forced the state in debit trap in the past three years as the total bank liabilities of the state had crossed Rs 60,000 crores which was a serious matter. Instead of enhancing own revenue resources and checking the leakage in state taxes, the BJP government preferred to take loans from banks month after month in gross violation of rules, he said.

Addressing a news conference here this evening, Kaul Singh said all development activities in the state had come to a standstill in the past three years and no new development projects were being taken up. The Chief Minister inaugurated only those projects which were initiated during the Congress regime.

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He alleged that at present major budget of the state was being spent only in a few assembly segments like Seraj and Dharampur belonging to CM Jai Ram Thakur and IPH Minister Mohinder Singh, while other areas were starving for funds. Mandi district was worst affected where in the remaining eight constituencies there was no development.

He quoted that the foundation stones for Pathankot- Mandi and Kangra-Shimla four lane projects were laid by the Union Minister for Surface Transport Nitin Gadkari in 2017. Even after expiry of four years not even an inch of highway has been constructed. He said despite the fact that the Government of India was ready to release funds and bear the cost of land there was no headway in the acquisition of land in the absence of political will.

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