{"id":11164,"date":"2024-06-14T14:56:46","date_gmt":"2024-06-14T14:56:46","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=11164"},"modified":"2024-06-14T14:56:46","modified_gmt":"2024-06-14T14:56:46","slug":"will-be-tough-for-new-himachal-govt-to-mobilise-funds","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/will-be-tough-for-new-himachal-govt-to-mobilise-funds\/","title":{"rendered":"Will be tough for new Himachal Govt to mobilise funds"},"content":{"rendered":"

The new government will find it difficult to raise Rs 16,000 crore for paying arrear dues to its employees. The state is under a debt burden of over Rs 70,000 crore.<\/p>\n

The counting of votes for the Assembly will be held on December 8. The focus of the new government will be on raising funds to pay salaries to employees and maintain the pace of development works.<\/p>\n

Himachal is keen that the state is compensated for the GST compensation in view of the shortfall in the GST collection. This has resulted in an annual loss of Rs 4,000 crore to the State Government<\/a>, which is a huge amount considering that Himachal has a few revenue generation sectors.<\/p>\n

The grant of old pension scheme (OPS) to 1.16 lakh employees, at present covered under the new pension scheme (NPS), will entail an annual expenditure of almost Rs 710 crore, besides a one-time amount of almost Rs 2,000 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new government will find it difficult to raise Rs 16,000 crore for paying arrear dues to its employees. The state is under a debt burden of over Rs 70,000 crore. The counting of votes for the Assembly will be held on December 8. The focus of the new government will be on raising funds … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1091],"tags":[908],"class_list":["post-11164","post","type-post","status-publish","format-standard","hentry","category-himachal-pradesh","tag-19-11-22"],"yoast_head":"\nWill be tough for new Himachal Govt to mobilise funds - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/will-be-tough-for-new-himachal-govt-to-mobilise-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will be tough for new Himachal Govt to mobilise funds\" \/>\n<meta property=\"og:description\" content=\"The new government will find it difficult to raise Rs 16,000 crore for paying arrear dues to its employees. The state is under a debt burden of over Rs 70,000 crore. The counting of votes for the Assembly will be held on December 8. The focus of the new government will be on raising funds ... 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The state is under a debt burden of over Rs 70,000 crore. The counting of votes for the Assembly will be held on December 8. The focus of the new government will be on raising funds ... 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