Financial crisis

The State Finance Minister's admittance of the state facing acute financial crisis is not surprising at all.With the kind of financial management the state is subjected to for the last decade and more by both the fronts which governed the state, it is surprising that we have not been asked by the Reserve Bank to create an equitable mortgage of the entire state.The proliferation of welfare schemes, the unimaginative tax measures and above all the burgeoning salary and pension bill is the bane of the state.The Government should be bold enough to appoint an economist like Manmohan singh to bail it out.The communists with their socialist agenda can never pull this state out of this morass.