द सिनिकल माइंड

On the eve of this Independence day though the PM Modi did not announce any new welfare schemes but Bihar CM Nitish Kumar, a self proclaimed next PM comes up with exciting slew of projects & schemes like , (1) Student Credit Card scheme under which Rs. four lakh interest free loan will be given to students for pursuing higher education, (2) Rs. 1,000 per month to youths in the age group of 20 to 25 for two years to help them in searching jobs, (3) Language Training and Computer Knowledge to youths in all 534 blocks, (4)Rs.5,000 crore to help young entrepreneurs to start their ventures , (5) Free Wi-fi facility in all state universities and colleges from February 2017 etc. for the people of Bihar. To achieve this target and  fulfilling aspirations of people Govt needs finances. The fiscal deficit of Bihar has been estimated at Rs 16,014.26 crore, which was 2.87% of the Gross State Domestic Product (GSDP) at Rs 55,8808.65 crore for the year 2016-17. And it would not be a...