SHIMLA- In a bold narrative to overcome state's financial hurdles,  Himachal Pradesh Chief Minister Thakur Sukhvinder Singh Sukhu government  has cited a resource mobilization campaign, which is yet to deliver its significant results.

This bold narrative has emerged in response to Union Government's cold shokdering CM's initiatives.

The Centre has thrown a spanner in the wheels of the Sukhu Government- It has imposed a three-year ceiling on new proposals for external assistance through external aided agencies.

As a result of this narrative, say analysts,  Himachal is caught up in a piquant situation and they put it bluntly straight: It is something like "Sukhu proposes, Modi disposes" as far as money matters are concerned. 

But CM is 'determined' to make Himachal self-reliant.

As a matter of fact, the Sukhu government is  grappling with a whopping debt of Rs. 75,000 Crore.

He says that this debt is inherited from the previous BJP government, which created the financial mess in Himachal as it gave damn to mobilise its own sources of income to fill its empty coffers.

His government  is facing restrictions on restoring the old pension scheme(OPS)  imposed by the Union Government. The government is finding it difficult to put its Election guarantee into practice-something that Centre wants to beat the CONGRESS with, ahead of Lok sabha polls. 

Centre is weaving its "Web around HP Congress government"  to get a positive response from the electorate in the coming Lok Sabha polls in 2024.  

But CM asserts at public forums and in official-speak that the state is determined to forge ahead.

He has focused  on bolstering the state's coffers listing the government's  proactive measures.

For one thing, CM has demanded a larger share in power projects operated by Central Public Sector Undertakings (PSUs) that have already recouped their costs.

But the PSUs and Centre under PM Narendra Modi have yet to take call on this.

The state government has successfully conducted auctions for liquor vends, resulting in a staggering 40 percent surge in revenue.

CM remains undeterred by the precarious financial situation. He affirmed the government's commitment to maintain the pace of development, even as the empty coffers stare at him.

However, the decision to reinstate the old pension scheme for government employees has had its ramifications.

A whopping deduction of Rs. 1,779 crore has been made from the borrowing ceiling for the ongoing financial year.

Moreover, the limit for open market borrowing has been slashed by Rs. 5,500 Crore compared to the previous year.

Despite these challenges, the government has secured authorization for borrowing Rs. 4,259 Crore until December 2023, with expectations to receive approval for an additional Rs. 8,500 Crore.

Amidst these fiscal hurdles, Chief Minister Sukhu staunchly reiterated the government's efforts at  resource mobilization.

Himachal Pradesh is determined to break free from the shackles of borrowing and achieve self-sufficiency.

The government has implemented a range of revitalization measures. It has sought to achieve self-reliance  with the united cooperation of all sectors.

Sukhvinder Singh Sukhu says that Himachal aims to become the "most prosperous in the country within the next decade". 

Will his dream turn true or it will end up another pipedream, only the time will tell the unfolding story in the next one or two years.