Exclusive: Cleaning Up State Finances And Power Sector, Says Yogi Adityanath
The government of Uttar Pradesh is scaling back what it calls “wasteful spending and unnecessary schemes”, to maintain fiscal stability, says Chief Minister Yogi Adityanath in an exclusive interview with BloombergQuint's Sanjay Pugalia in the state capital Lucknow.
Economists have been concerned about the state of Uttar Pradesh's finances following the implementation of a Rs 36,000-crore farm loan waiver that was promised by the Bharatiya Janata Party in the run-up to assembly elections in early 2017. India's most populous state has also budgeted for Rs 25,000 crore of sugarcane dues that accumulated over four years, the chief minister says.
The state did not fund the Rs 36,000-crore waiver by raising taxes, central support, or loans from banks. We plugged leakages.Yogi Adityanath, Chief Minister, Uttar Pradesh
On July 23, Uttar Pradesh Power Minister Srikant Sharma announced free power connections and meters for families below the poverty line. Adityanath says 20 lakh such connections have been rolled out.
People would earlier steal power by connecting to electricity lines illegally. Power consumption is now being monitored on these meters and payment is being made based on that.Yogi Adityanath, Chief Minister, Uttar Pradesh
The state government will seek applications for four lakh government jobs, including those for police and teaching posts. In the Uttar Pradesh police force alone, past data suggest 1.8 lakh positions have remained vacant.
Also Read: Resolve Ayodhya Via Talks, ‘Confident Of Respectable SC Decision': Adityanath
Watch edited excerpts:
Funding The Loan Waiver, State Finances And Power Sector Reform
Four Lakh New Government Jobs, Including Police And Teaching Posts
Foreign Investment Interest In Uttar Pradesh
You can watch the full interview here.
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