WHAT happens when a state has less income and more
expenditure? Obviously, the state is in a perpetual financial crisis. Such is
the case of Himachal Pradesh. The tiny state led by BJP nominated Chief
Minister and Finance Minister Jai Ram Thakur is in deep financial crisis. The state has two main sources of revenue:
GST (41% of revenue) and State Excise (21%). Finance experts don’t know how to
generate more revenue. The total expenditure of the state is Rs. 44,388 crore
whereas revenue is Rs. 35,024 crore. So, net deficit is Rs. 9,364 crore. There
are no jobs available and Himachal Pradesh is ranked 6th among all states in
unemployment. On top of all this, it is learnt that Hindu propagandists who are
influenced by Arya Samaj are thinking to make Himachal a dry state.
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