Odisha authorities faces warmth over growing mortgage burden

By Express News Service

BHUBANESWAR: The Opposition BJP and Congress on Tuesday focused the federal government within the Assembly for gross monetary mismanagement which has led the State to a debt lure. They demanded a White Paper on the financial situation of the State.

Participating in a debate on the admissibility of an adjournment movement discover, the Opposition members claimed that the mortgage burden of the State in addition to the per capita mortgage burden has elevated considerably. While the mortgage burden has elevated to Rs 1.12 lakh crore from Rs 18,900 crore in 1999-2,000, the per capita mortgage has additionally gone up from Rs 6,900 in 2000 to Rs 22,042 in 2022-23, they added.  

They alleged that there is no such thing as a street, no consuming water in villages, industrial models are being closed and the youths are migrating to different states searching for jobs due to the mismanagement of the economic system.
In response, Finance Minister Niranjan Pujari refuted the opposition allegations stating that Odisha is a number one state within the nation in fiscal administration  and is in a lot better place in comparison with different states. He stated that the mortgage burden of the state is second lowest within the nation.

The Finance Minister stated the per capita mortgage burden of Odisha is Rs 22,042 which is decrease than many states. He claimed that the mortgage burden is effectively inside that mandated in FRBM Act. Dissatisfied with the Minister’s reply the BJP and the Congress  members staged a  noisy stroll out within the Assembly.

BHUBANESWAR: The Opposition BJP and Congress on Tuesday focused the federal government within the Assembly for gross monetary mismanagement which has led the State to a debt lure. They demanded a White Paper on the financial situation of the State.

Participating in a debate on the admissibility of an adjournment movement discover, the Opposition members claimed that the mortgage burden of the State in addition to the per capita mortgage burden has elevated considerably. While the mortgage burden has elevated to Rs 1.12 lakh crore from Rs 18,900 crore in 1999-2,000, the per capita mortgage has additionally gone up from Rs 6,900 in 2000 to Rs 22,042 in 2022-23, they added.  

They alleged that there is no such thing as a street, no consuming water in villages, industrial models are being closed and the youths are migrating to different states searching for jobs due to the mismanagement of the economic system.
In response, Finance Minister Niranjan Pujari refuted the opposition allegations stating that Odisha is a number one state within the nation in fiscal administration  and is in a lot better place in comparison with different states. He stated that the mortgage burden of the state is second lowest within the nation.

The Finance Minister stated the per capita mortgage burden of Odisha is Rs 22,042 which is decrease than many states. He claimed that the mortgage burden is effectively inside that mandated in FRBM Act. Dissatisfied with the Minister’s reply the BJP and the Congress  members staged a  noisy stroll out within the Assembly.