Financing a bankrupt state

FEBRUARY 13: The Maharashtra government has received some radical suggestions by the All India Manufacturers8217; Organisation AIMO to raise funds. It suggests that the state8217;s new administrative building next to Mantralaya can easily be sold for Rs 240 crore or more. AIMO suggests that these should move to the loss-making NTC mills and the entire building be offered to MNCs for a shopping mall. AIMO has also hit out at two protected categories.

It says the Chief Ministers8217; quota of flats reserved for artists and journalists has been grossly misused and there are several allottees with multiple flats. Also MLA hostels are misused by business associates of politicians. It wants this misuse investigated and exposed and fined to raise revenue. These won8217;t be able to bridge the state8217;s Rs 8,000-crore deficit, but the improved transparency will save valuable funds.Author8217;s email: suchetadalalyahoo.com