The Alternative White Paper – Part 1 – continued
(The arguments in the White Paper presented by the Finance Minister K M Mani in the Assembly as marked yellow. The responses are made just below of each paragraph) Introduction Part – I Part I – Continuation PART – I ANALYSIS OF BROAD INDICATORS OF STATE FINANCES Continued……….. from here Para 47- Paddy Procurement and market Intervention operations by Kerala State Civil Supplies Corporation (Rs 216 crores) The white paper has accepted the claim made […]
The Alternative White Paper – Part 1
Introduction PART – I ANALYSIS OF BROAD INDICATORS OF STATE FINANCES To understand and appreciate the finances of the State, certain basic indicators have to be taken into account. Gross State Domestic Product (GSDP) and its sectoral composition, fiscal deficit, revenue deficit, capital and revenue expenditure, debts, etc are a few of these indicators. This paper discusses them in seriatum. Para 5. The Finance Minister has deliberately falsified data. The conclusions drawn reveal economic illiteracy and petty political motive. GrossState Domestic Product (GSDP) signifies the sum total of the value of economic activities in the State. A rising GSDP indicates vibrancy of the economy. A steady or ascending growth rate of GSDP underlines the growth of economy over a period of time. If we look at the data on Gross State Domestic Product (GSDP) during the last few years, it has some interesting lessons. During the UDF rule, we had highest growth of GSDP at 23.34% in 2004-05. Prior to that, during 2002-03 and 2003-04, it was 11.51% and 11.28%. In 2005-06, it was 14.74%. Even this figure was never achieved by the previous Government in subsequent five years, as the table T1 reveals. At the current prices, the GSDP stands at A 230316 crore (2009-10) which signifies a growth of 14.57% over the last year. Para 6. The data presented in T1 consists of two time series data with base year 1999-2000 for […]
Top Issues that voters consider important
This is an “Alternative White Paper” to the official “White Paper” tabled in the Kerala Legislative Assembly by Finance Minister K. M. Mani on 19-07-2011. The white paper issued by the government is a colossal fraud on the people of Kerala. It is not published to present an objective analysis of the “current status of […]