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PAATOM

The online edition of 'PAATOM' Magazine founded by MN Vijayan -

In the Context of diffusion of imperialist machinery into the Indian Communist movements PAATOM raises indignant resistance against the hell of ideology and praxis vitiated by the pseudo Marxist goons of imperium.

'PAATOM' is a resistance from the deepest of the racial sanctity of humanity nursed by the leftist political ethos. "PAATOM" is the voice of honest determination, that means to uncover the treacherous objects concealed beneath the mystery of hegemonic jargon.

We offer a laborious contribution to the truly humanist interventions that would enlarge the circumference and depth of emotional and intellectual perceptions.

Thursday, May 26, 2016

A Brief History of Public Debt in Kerala Economy from 1995

THE State had the public debt of 20,000 crores in 1995—at the beginning of decentralized development planning . In 2007-08 there started a steep increase in the borrowings from open market, reports CAG. Who did it? Issac did it. in 2011 the public debt was nearly 79,000 crores. 


Now you have the debt of 1,50,000 crores and the CAG report states that the crisis in economy at present is the essential outcome of the steep increase in borrowing during Issac's time. Then what is the point in stating that in the treasury you kept some currency unspent. The debt soaring high from 20,000 crores to 1,50,00 crores - Do you call this planning!!!!! You may call it development!!!! 

Panchayat Level sustainable Development Planning (PLDP) scripted by USAID and funded by Netherlands is the original name of people's planning, thus states MP Parameswaran. Would Issac speak a single word about PLDP for which Rs: 16 crors were smuggled violating FCRA?  Issac was the hon.joint director of PLDP and Parameswaran was the director during this tenure.This is the way they sold out the people of Kerala for the cause of expansion of finance capital.