“The story of Himachal’s Financial Crisis: Reckless Spending, Delayed Salaries, Unfulfilled Promises”, Swarajyamag, February 10, 2025:
“The politics of freebies has become a dominant theme in recent elections, frequently raising concerns about its impact on the fiscal stability of states.
While these incentives serve as a means to attract voters, their long-term consequences reveal serious financial challenges.
Himachal Pradesh, in particular, is already witnessing the fallout and other states like Punjab and Karnataka appear to be on a similar trajectory.
Facing increasing financial strain, the Congress-led state government decided to enforce ‘fiscal discipline’, through measures of rationalising existing subsidy schemes, adjusting salary disbursement schedules, and revoking pensions for many…….”
Read the full article at Swarajyamag.com
