Tuesday, July 31, 2012

Punjab's overdraft bare minimum and lowest among all state, claims Govt

by Punjabnewswire4u (Balbir)
CHANDIGARH, JULY 31
The Punjab government today described as “ absurd, factually baseless  and grossly misleading Centre’s claim that the grid failure at the BBMB yesterday and today was because of overdrafts by the state.
   A spokesman of the Chief Minister, Punjab,  released figures of the overdrafts taken by  Punjab, Haryana and UP at the point of grid failure  and said that these clearly showed that Punjab’s usage on overdrafts had been by far the lowest among the these states. 
 He said, “These figures clearly established that Punjab has been the most “disciplined and frugal” of the Northern states.”
       According to the figures secured from the BBMB, at approximately 2.30 am on July 30, 2012 when the grid failure sent the entire north zone into darkness, Haryana was taking an overdraft of 25.5% on its allotted share of power.  At the same point of time, U.P.’s  overdraft of power  over and above its  sanctioned load  was 20.8%. In sharp contrast, overdraft by Punjab was many times less than either of these two states as it was a bare 5.5 %.
   The spokesman further said that similarly, at    approximately 1.10 PM today, when the grid failure occurred for  the second day running, Punjab’s  overdraft was a meagre 01.2% of its sanctioned load. In contrast,  Haryana’s overdraft at the same point of time was a
whopping  22.4% while overdraft by UP stood at  6.4%.
     Similarly, the average figures of overdraft  by the three states for the month of July also revealed  that Punjab was the most disciplined of all the user  states. During this month, Punjab’s average overdraft stood at bare 4%. Compared with this, the average overdraft by UP is a staggering 31%. Haryana’s overdraft stood at 17% while Rajasthan had an average overdraft of  18% for the same period.
    This it is absolutely incorrect and misleading to blame the failure on Punjab whose overdraft is many times lower than that of other states.

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