#Dubious Plan B
The strengths of the Kerala government viz. Kit and KIIFB are gone. Father of KIIFB TM' Thomas Isaac, who collected money with Masala Bond at an interest rate of 9.72 percent and deposited in the state at 2 percent less, found no place in the Nava Kerala budget of KN Balagopal.
Union minister and BJP leader V Muraleedharan says the current Kerala budget is a big farce. The state does not have realistic plans to improve its capital expenditures and financial situation. They do not hesitate to spend half a crore on agitation in Delhi.
CPI ministers in the cabinet are against the budget because their ministries have not received adequate financial assistance. They are apparently ungrateful despite the great hospitality at Navakerala Sadass where they are served every taste of food available in the state.
The most important points of the budget, such as developing the state, creating employment and investment opportunities and challenging the recession, remain directionless.
At the same time, Balagopal launched a scathing attack on the central government, accusing it of causing financial difficulties in Kerala. But in fact, the Kerala government has not submitted a statement of expenditure approved by the CAG. Instead, he threatens the Union government with what is called Plan B.
No one in the Kerala cabinet knows what plan B is. As plan B is dubious, the budget that contains plan B is also dubious and directionless. The name Kerala itself is sufficient for this state and the name Nava Kerala is not necessary.
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