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- Next govt likely to be congress. Greater Mohali(captain launched) will get preference over Mullanpur(Badal lauched). Safe to invest in greater mohali as IT city being developed nearby.CommentQuote0Flag
Where is Greater Mohali bro.
I mean which sector and builder projects come under Greater MohaliCommentQuote0Flag
Pet projects of current badal govt, which may see maximum damage once congress govt come :-
1) Mullanpur (New chandigarh)
3) IT CityCommentQuote0Flag
- Originally Posted by definiteWhere is Greater Mohali bro.
I mean which sector and builder projects come under Greater Mohali
Greater mohali is new sectors e.g. 85-86-87-99-104-105-109which suffered most under badal sarkar. IT city (commercials definitely) may become exception if congress comes.CommentQuote0Flag
Surveys show AAP winning 2017 Punjab election with huge margin: Arvind KejriwalCommentQuote0Flag
- I won't call whole aero city and IT city pet projects of Badal government.... Any other government also would have initiated and encouraged their development.
A project may be labeled as "pet" iff it does not hugely serve any purpose for the main city or population, and is being pushed forward majorly due to the personal interests of any party involved.
Going by the above definition, New Chandigarh and SOME PART of aerocity may be termed as pet projects of badal family.
Mohali or Chandigarh region wouldn't have lost anything if new chandigarh wouldn't have existed. In fact, this would have benefitted chandigarh and mohali a lot because of the absence of additional pressure which New chandigarh will put, majorly on chandigarh.
Now coming to IT city and aerocity. Both are a REQUIREMENT for mohali. They are the BASIC infrastructure that any international airport in the world would require to function efficiently.
Any city would need an airport, especially international airport, and industrial hubs for overall progress. These two entities are the major growth drivers in terms of economic development and employment generation. Therefore, no government should ever oppose their existence or development.
But all this can only be speculated and nothing can be said with any surety. Let's hope for the best for the people of mohali and punjab.CommentQuote0Flag
I will be shocked if Congress comes to power. In the past we never had a 3rd choice, we fed up with one and select another after 5 years, but now we have a 3rd choice which is getting favour across all religions/castes. I will be putting my vote to AAP, but if AAP does not succeed, Akalis may manage by hook or crook, like they did last time when no one was expecting them.
In the scenario AAP comes in with big margin, industry/ NRIs which were fed up with corruption and badals share in every business, they may consider to invest in Punjab, which should help the property and general economy. Anyways with Zirakpur ring road opening in near future, mohali traffic plus southern chd sectors will be using Aerocity/Zirakpur ring road road for going to Ambala/Delhi. Aerocity/ IT City is bound to get favour. Greater mohali sectors will rely on end user demand which will come in picture only after Infy and other big names set up their promised shops.CommentQuote0Flag
- Originally Posted by infosmithI will be shocked if Congress comes to power. In the past we never had a 3rd choice, we fed up with one and select another after 5 years, but now we have a 3rd choice which is getting favour across all religions/castes. I will be putting my vote to AAP, but if AAP does not succeed, Akalis may manage by hook or crook, like they did last time when no one was expecting them.
In the scenario AAP comes in with big margin, industry/ NRIs which were fed up with corruption and badals share in every business, they may consider to invest in Punjab, which should help the property and general economy. Anyways with Zirakpur ring road opening in near future, mohali traffic plus southern chd sectors will be using Aerocity/Zirakpur ring road road for going to Ambala/Delhi. Aerocity/ IT City is bound to get favour. Greater mohali sectors will rely on end user demand which will come in picture only after Infy and other big names set up their promised shops.
Agree Greater Mohali hopes now r on full utilization of international airport and Infy & others coming in IT city. Commercial/job creation is must for RE in and around Mohali to succeed.CommentQuote0Flag
- Badals mess up Punjab's finances, opposition says state will take 15 years to recover
Chandigarh: Just before Assembly elections, chief ministers in India love to open their purse strings and roll out a spate of sops and welfare schemes to impress voters.
But, Punjab Chief Minister Parkash Singh Badal will be deprived of the luxury of hitting the campaign trail in a blaze of glory because of an economy that resembles a mess, most of it created by his own government. Forget sops, the Punjab government doesn't even have enough in its coffers to pay salaries.
Punjab’s total debt is around Rs 1.02 lakh crore at present. By the end of next fiscal, it is expected to rise to more than Rs 1.24 lakh crore, according to state’s own admission. The debt burden will more than double from Rs 61,850 crore in 2007-08, when the Akali government took over the government from the Congress.
The total debt is now almost 30 percent of the state GSDP, a figure that is much higher than the national average of 21 percent. The huge debt has led to the creation of a committed interest liability of Rs 9,900 crore per year. This forces the state to spend almost 21 percent of the revenue receipts on payments of yearly interests alone.
Other indicators point to poor financial health. The state's revenue deficit now stands at 1.8 per cent of GSDP. Though this has come down marginally since 2012-13, it is alarming because most Indian states are now revenue surplus.
Earlier Punjab used to borrow money from the markets heavily, but over a period of time the banks grew wary of lending money because of its poor record of payback. So three years ago when Punjab tried to borrow around Rs 2000 crore, the nationalized banks refused point blank, saying they could lend money for infrastructure development, but not for daily expenses of the government. This forced the state government to sell government owned land to raise funds to tide over the acute financial crunch. In many cases the government even mortgaged land and properties of the state government at a heavy interest rate.
In the last three years (2013-15), the Badal government has been forced to mortgage 12 prime properties of the state to raise around Rs 2100 crore to run the government, pay salaries to 4.5 lakh staff, money to 1.5 lakh pensioners and make financial arrangements for various subsidies and finance government schemes.
The mortgaged properties include Punjab Urban Development Authority (PUDA) building, Mohali, PUDA Enclave Jagraon and Patiala, Jail site property, Jalandhar and Mental hospital, Amritsar, Gandhi Vanita Ashram for widows in Jalandhar, PWD department-Patiala, Old District Courts, Ludhiana etc. The properties have been mortgaged to Punjab National Bank, Canara Bank, Bank of India, Bank of Baroda and Punjab and Sind Bank.
Defending the Punjab government’s move to mortgage property, Manvesh Sidhu, chief administrator, Punjab Urban Development Authority, said it was nothing unusual and many governments follow the same procedure. "We are using this routine method (mortgage) for the right purpose and to meet the expenses. We have raised Rs 2,100 crore from banks, but we are not defaulting on repayment. We are paying back money on the right time at 10 to 12 percent interest rate. We have already paid back around one fourth of the loan money taken for seven years. Mortgaging is always better than selling land outright," Sidhu told Firstpost.
Interestingly Manpreet Badal, leader of Punjab People’s Party (PPP) and former finance Minister of Punjab, had cautioned the government about the dwindling financial position of the state when he was part of the government.
Manpreet, who is related to the chief minister, had suggested measures like cuts in various subsidies and ways to raise resources, but the Badals had opposed his move on the ground that these were anti-people. In protest Manpreet Badal had quit his post and the Akali Dal.
Talking to Firstpost, Dharamvir Gandhi, AAP MP from Patiala said the Akalis are to be blamed for the financial crisis. "Punjab is financial mess today. It is bankrupt because the Akalis financially ruined the state. Even if a new party comes to power, it will need at least 15 years to set things right," rued Gandhi.
"All the revenue earning resources have been usurped by the Akalis to fill their personal coffers, even as the state treasury remains empty. The state could have earned profit from the transport department, but it is Badals’ private bus service which is making all the money. The Badals have monopoly over the sand and gravel mines of the state. The cable network is owned by the Badal family. There is so much of corruption in the state. All these private enterprises have deprived the treasury of revenue," Gandhi told Firstpost.
Former finance minister and Congress MLA from Sanour, Patiala, demanded that the government immediately announce a financial emergency in the state. "The Akalis have sold and mortgaged government properties to raise Rs 2,100 crore. The state is totally bankrupt today because of financial mismanagement. There is no development work anywhere, roads are broken except in Bathinda (pocket borough of the Akalis) , power supply is poor, there is no money to pay salaries to staff. Wary of financial mismanagement, the BJP government at the Centre has not given it any special package to Punjab," he said.
Finance Minister Parminder Dhindsa, however, denied there was any financial crisis in the state. Dhindsa told the media in Chandigarh that the Punjab government was clearing more than Rs 4,000 crore bills every month and was trying its best to release salaries and bills on time.
Source Badals mess up Punjab's finances, opposition says state will take 15 years to recover - FirstpostCommentQuote0Flag
- According to recent C-Voter survey next government will be AAP. But they don't have a good CM face, would be interesting to see who they announce as the CM candidate.
Amarinder Singh is trying hard this time to win elections, he is very actively campaigning, with his programmes, Halke Vich Captain, Coffee with captain and more...
It would be a three way fight but as of now, AAP is very likely to win.
If Congress wins, property prices in Patiala will increase, during his term, Patiala saw lot of development.
If AAP wins, the NRI community is likely to invest more in Punjab, as majority of NRIs back AAP.
Akalis shouldn't win, bad financial state of Punjab, drug issue, cable mafia, sand mafia, transport mafia...CommentQuote0Flag
- Navjot Singh Sidhu quits BJP, to join AAP with wife ahead of Punjab election
Navjot Singh Sidhu quits BJP, to join AAP with wife ahead of Punjab election : India, News - India TodayCommentQuote0Flag
- Trouble for BADAL pet project (Mullanpur) sidhu will join AAPCommentQuote0Flag
- With Sidhu joining AAP, now votes are going get divided more in triangular way. As with last time, Badal will be back.CommentQuote0Flag