14.08.2013 Views

Speech in English - HP Police

Speech in English - HP Police

Speech in English - HP Police

SHOW MORE
SHOW LESS

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

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!