Monday, 10 October 2011

Report on Financial Crisis in Kerala



Gods own country-the paradise of world tourists,is really one of the Lands in the whole world,blessed with a greenish look.But since the formation of state, every step taken by the ruling team dig grave pit for its destruction. Now the state is sinking in the deep ocean of financial crisis.It holds first rank in literacy and in its culture.But no meaning and value for those positions in the present day situation.

But now our state moves in accelerated pace towards economic destruction.The yardsticks of prosperity and affluence is measured by the capacity of the treasury.Now our financial health is very worse.Our treasure became zero.It implies the financial crisis of our state.Currently all the states in the midst of an acute financial crisis.

The reason for this consequences are lower share in central taxes,low capital formation,revisions in payment and other benefits,devaluation of the rupee,non-development expenditure,unemployment and low infrastructure of the society.And above all the rulers favoritism and nepotism.