Time to slam the brakes on free rural electricity
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Political parties compete in offering freebies at election time. Some are affordable. But free rural electricity is not. Punjab, once the richest state, has declined to just above average, a major reason being that free rural electricity has created huge fiscal deficits that have made it the most indebted state in India, unable to even pay salaries let alone invest in infrastructure and quality education. Free power accounts for 80% of Punjab’s accumulated debt, a warning to all other states.
Disclaimer
Views expressed above are the author’s own.
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