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State under serious debt trap, says Therie
Published on 2 May. 2011 12:45 AM IST
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Former finance minister, K. Therie claimed that Nagaland was under “serious debt trap of over Rs 6,000crs” and that the state would have landed in financial embargo attracting President’s Rule under Art.360, had the UPA not given additional financial assistance of Rs. 936crores (Rs.712crs and Add Plan Assistance of Rs.226crs) during 2010-11.
In a statement, Therie further alleged that the state debt, during 2011-12, was alarmingly, to the tune of Rs.2,337cr (Deficit of Rs. 602crs+Civil Deposit of Rs. 635crs+pension and GPF dues of Rs. 400crs+debt serving about Rs 700crs annually).
Pointing out that the state’s own resources hardly constitute 4% from business tax and royalties, Therie said that the state today depended for 96% of funds from the government of India to run the State. He accused the DAN of having failed to generate state’s own revenue in any form.
He alleged that the state government’s employees, whose pensions and GPF were their hard earned genuine dues, have not been paid and instead treated as “bull workers and thrown out onto the streets.” Therie said there was no reason as to why employees should not be paid.
He said the Congress found it unacceptable to digest the “dictatorial behavior of DAN” upon government employees. He said the DAN government might perhaps even devise a new way to “unceremoniously dismiss another few thousand employees in the future.”
On the current scenario, Therie said the people of Nagaland were politically a the cross road and economically “ not only bankrupt but in a debt trap.”
He reminded that 35 years of Shillong Accord has gone by without negotiation ; while 14 years of negotiation without solution and ten years of Ceasefire Agreement between GPRN/NSCN without negotiation. He said all the while, the DAN government still claimed that the “political peace process was in the right direction”.
Therie said Nagas cannot continue to remain at the cross road as they have lived in dreamland for too long. He said Nagas must wake up to the reality and needed direction. He said the Congress believed in consensus to resolve the political problem as it believed in “truth and reality”.
He lamented that Nagaland was on the verge of disintegration for ignoring the will of the people on “Unity then Solution” besides unrelenting economic exploitation in all the backward districts and discrimination in jobs due to nepotism and ill will.
He said there was general feeling of insecurity about the future of the economic growth and a feeling of insecurity among the young generations who were increasingly looking for their future outside the state. He said unemployment and lack of opportunity was the driving force for the youths towards extortion industry.
He said few Naga youths who took up new ventures in the state continue to face harassment and extortion by “multi-self styled governments”. He described the Nagaland government as a “helpless government” which has remained mute to illegal activities in the state.
He said the state government knew things were going wrong yet wanted to loot money to buy votes for the next election and wanted the support of wrong doers to win.
He said the NPF has failed to correct itself as it refused to admit its wrongs. He said the NPF “shamelessly” defended those caught red handed in corruption including criminals. “They are in the river of return of corruption,” he said.
On the reentry of Congress veteran Dr. SC Jamir into the by-poll fray, Therie said there was no need to introduce Jamir since it would be beneficial for the people of Nagaland to keep in mind that he is a permanent member of the Central Working Committee, the highest policy making Committee of the nation today. He said that a Naga getting such an opportunity was rare.
On the by election, Therie said there was no good reason enough why Dr. Jamir should be rejected at the present situation unless there was bribe. He likened taking bribe to nothing less than prostitution and said that allowing bribers to decide the future of Nagaland was leading the state to its dead end.
He appealed Aonglenden voters to exercise wisdom to Nagaland and also refrain from making decisions under the influence of liquor. He asserted there was a need for change which would be good for Nagaland.

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