Business Today

A Taxing Time for Uttar Pradesh

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This refers to your article on the economy of UP ( An UPhill Task, Aug 13). Many states like West Bengal, Punjab, and UP are under serious financial crisis. Waiving farm loan is the most populist poll plank for any political party now a days. It is a good political propositio­n for them to catch millions of voters. Though UP has been able to keep the fiscal deficit within prescribed limit, only time will tell how it shapes up. The state government has to ensure that in next one and half years it gives utmost importance to infrastruc­ture projects and power supply. The state has to attract huge investment by private companies, which will definitely boost both employment and tax collection­s. Bal Govind, Noida Send all your comments to: editor.bt@intoday.com

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