Populism bad for financial of states : Montek

  • 20/11/2004

As state governments pester the Centre for more funds and debt waivers, Planning Commission deputy chairman Montek Singh Ahluwalia has a word of advice for them: Shun populism to recoup your financial health. Asking states to cut wasteful expenditure, Ahluwalia them to avoid popul ist measures like free power and water to farmers, as it was leading to long-term damages to their financial health.