Speech in English - HP Police
Speech in English - HP Police
Speech in English - HP Police
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Responsive adm<strong>in</strong>istration and conducive macroeconomic<br />
conditions have <strong>in</strong>duced a competitive<br />
environment <strong>in</strong> the economy of Himachal Pradesh. The<br />
growth target for the 12th five year plan has been fixed at<br />
9% which would seem to be an ambitious target, but I am<br />
hopeful that we will accomplish it with the support of the<br />
people of the State.<br />
18. As per the Advance Estimates for 2012-13, the<br />
Gross Domestic Product of Himachal Pradesh has grown<br />
from `63812 crore <strong>in</strong> 2011-12 to `72076 crore <strong>in</strong> 2012-<br />
13. The Per Capita Income at current prices has <strong>in</strong>creased<br />
from `74694 <strong>in</strong> 2011-12 to `82611 <strong>in</strong> 2012-13.<br />
19. The implementation of the Pay Commission<br />
recommendations has impacted the f<strong>in</strong>ances of all the<br />
States <strong>in</strong>clud<strong>in</strong>g Himachal Pradesh. Speaker sir,<br />
historically State Government by and large follows Punjab<br />
pay scales which are based on the recommendations of<br />
the Punjab Pay Commission only. The grant of 4-9-14<br />
ACPS and the re-revision of pay scales <strong>in</strong> the State have<br />
<strong>in</strong>creased the salary burden substantially. Speaker Sir,<br />
the salary burden was `2615 crore <strong>in</strong> 2007-08 which has<br />
<strong>in</strong>creased to `6956 crore <strong>in</strong> 2013-14. Similarly, the pension<br />
burden has <strong>in</strong>creased from `880 crore to `2839 crore and<br />
the <strong>in</strong>terest payment burden has <strong>in</strong>creased from `1778<br />
crore to `2431 crore. The loan dues which were `21,241<br />
crore on March, 2008 are expected to be `28,513 crore <strong>in</strong><br />
March, 2013. The State Government expenditure on<br />
committed liabilities like salary, pension and <strong>in</strong>terest is<br />
nearly 157% of its own tax and non tax revenue. This<br />
situation has become unsusta<strong>in</strong>able and we seek the<br />
6