{"id":4670,"date":"2024-06-14T01:40:56","date_gmt":"2024-06-14T01:40:56","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=4670"},"modified":"2024-06-14T01:40:56","modified_gmt":"2024-06-14T01:40:56","slug":"congress-rule-further-pushed-punjab-into-debt-trap-says-cag-report","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/congress-rule-further-pushed-punjab-into-debt-trap-says-cag-report\/","title":{"rendered":"Congress rule further pushed Punjab into debt trap, says CAG report"},"content":{"rendered":"<p>Quite contrary to the tall claims made to bring Punjab out of the fiscal mess five years back, the five-year Congress rule pushed the state further into vicious debt trap, says a latest report by the Comptroller Auditor General (<a href=\"https:\/\/exam.pscnotes.com\/cag\">CAG<\/a>) tabled in the Punjab Vidhan Sabha on Wednesday.<\/p>\n<p>As per the the State of Finances Report for the financial year 2020-21, it was found that the <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div>            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> outstanding total debt of the state was Rs 2,49,673 crore (47.13 per cent of Gross State Domestic Product) as on March 31, 2021. In just four years of the Congress rule, between 2017-18 and 2020-21, the states debt increased by Rs 54,521 crore.<\/p>\n<p>Total debt of the  typically constitutes internal debt of the state (market loans, ways and means advances from the RBI, special securities issued to National Small <a href=\"https:\/\/exam.pscnotes.com\/savings\">Savings<\/a> Fund and loans from financial institutions, etc.), loans and advances from the Central Government, and public account liabilities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quite contrary to the tall claims made to bring Punjab out of the fiscal mess five years back, the five-year Congress rule pushed the state further into vicious debt trap, says a latest report by the Comptroller Auditor General (CAG) tabled in the Punjab Vidhan Sabha on Wednesday. As per the the State of Finances &#8230; <a title=\"Congress rule further pushed Punjab into debt trap, says CAG report\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/congress-rule-further-pushed-punjab-into-debt-trap-says-cag-report\/\">Read more <span class=\"screen-reader-text\">Congress rule further pushed Punjab into debt trap, says CAG report<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1092],"tags":[605],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Congress rule further pushed Punjab into debt trap, says CAG report - 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\/2024\/06\/14\/congress-rule-further-pushed-punjab-into-debt-trap-says-cag-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Congress rule further pushed Punjab into debt trap, says CAG report\" \/>\n<meta property=\"og:description\" content=\"Quite contrary to the tall claims made to bring Punjab out of the fiscal mess five years back, the five-year Congress rule pushed the state further into vicious debt trap, says a latest report by the Comptroller Auditor General (CAG) tabled in the Punjab Vidhan Sabha on Wednesday. As per the the State of Finances ... 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As per the the State of Finances ... 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