Perilous state: On State financial resources

State financial resources remain in a disarray. Each and every single State’s, without exception, though the degree may vary. The COVID-19– caused lockdown has dealt State financial resources a triple whammy. Their own income sources– generally from alcohol sales, stamp task from home deals and sales tax on petroleum items– that account for half their total revenues, have collapsed. And their expense such as on interest payments, social sector schemes and personnel wages stays unchanged. Worse, they are now hired to spend more on beefing up their health infrastructure and on COVID-19 steps, consisting of testing, treatment and quarantining. It is not unexpected that all of them, including the gold basic ones such as Maharashtra, Tamil Nadu and Karnataka, are no