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.
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