Chandigarh, Jan. 21 -- The Shiromani Akali Dal (SAD) on Tuesday said the Aam Aadmi Party (AAP) government was pushing Punjab towards a financial emergency. "It is taking unsustainable debt, bankrupting boards like GMADA by borrowing money from them, misusing central funds and terrorising the trade and industry through raids and forced penalties," party leader NK Sharma said while addressing a press conference here.

He said the state's debt had increased to a maximum permissible limit of Rs.4.25 lakh crore and would reach Rs.5 lakh crore by the end of the government's tenure in the state. Asserting that this would result in a debt to GSDP ratio of more than 50%, he said besides being declared bankrupt, the state would not be able to even ...