Will It Be Right To Ban Freebies Schemes In Heavy Debt Ridden States In India? Read To Know!!
Like Sri Lanka, many Indian states like Punjab, Rajasthan, West Bengal are also entangled in a huge debt trap. If there was no center support, then these states too would have become financially poor like Sri Lanka. Like the states, the central government is also getting entangled in the debt trap. To save the country from economic crisis, economic experts are advising to gradually reduce subsidies in items like agriculture and health and ban freebies schemes. But will it be the right decision to put a complete ban on the schemes being provided to the poor in a country like India? Economic Affairs expert Dr. Nagendra Kumar Sharma told that taking loan is beneficial only when the loan amount is used to generate financial resources. But the report of the Reserve Bank of India shows that m...
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