Quick Edit | Reckless spendthrifts

Quick Edit | Reckless spendthrifts
Comment E-mail Print Share
First Published: Sun, Dec 25 2011. 11 27 PM IST

Updated: Sun, Dec 25 2011. 11 27 PM IST
On Sunday, Tamil Nadu chief minister J. Jayalalithaa demanded a financial package for the state—on the lines of the one given to West Bengal. She cited the large debt burden and the fragile financial system she inherited as reasons for this demand.
In recent months and years, a number of states have demanded such assistance. Uttar Pradesh had earlier demanded a Rs 80,000 crore package. Orissa and West Bengal, too, have raised such demands.
The states have no business demanding more money. Under the constitutional scheme, the finance commission makes ample allowances for states. Much like spendthrift adolescents, states always manage to land in financial trouble. The centre, too, is to blame: West Bengal, under the recklessly populist Mamata Banerjee, got away with a package. After this, such demands will only rise. The best way out is to learn to say a stern no.
Comment E-mail Print Share
First Published: Sun, Dec 25 2011. 11 27 PM IST