Stating that more large farmers than poor ones benefit immensely from subsidies,a former Punjabi University,Patiala,professor on Tuesday stated that if Punjab wants to reduce its deficit and increase revenue then it has to limit subsidies being granted to farmers. Prof J R Gupta was quoting from a research paper at the ICSSR complex in Panjab University on Tuesday.
He further pointed out that even as the underground water levels have dipped,the state has not witnessed an increase in the net sown area. The workshop was organised by PUs Department of Economics to discuss fiscal issues afflicting Punjab. The 14th Finance Commission,Government of India,has engaged the Economics department to carry out a study on Evaluation of State Finances with respect to Punjab.
While secretary (expenditure),Punjab,Jaspal Singh,made presentation on the states finances,eminent researcher from the National Institute of Public Finance and Policy (NIPFP),New Delhi,Prof Tapas Sen dwelt on the sub-national finances in India.
PU Vice-Chancellor Prof Arun K Grover inaugurated the workshop and several eminent economists and social scientists from various Universities/Institutes from Punjab participated in the event.
A brainstorming session on the invited presentations was also conducted. While eminent resercher Prof Upinder Sawhney said that the outcome of the workshop and the ideas floated in the discussion will be incorporated in the report,which is to be submitted to the Finance Commission by the end of this September.