Assam Finance Minister Defends State’s Borrowing Strategy Amid Opposition Criticism

In a recent Assembly session, Assam’s Finance Minister Jayanta Mallabaruah defended the state’s borrowing practices against Opposition criticism. He emphasized that all loans are secured within a defined framework and highlighted the government’s commitment to fiscal responsibility. Mallabaruah also discussed initiatives aimed at boosting revenue and enhancing the agriculture sector, asserting that the Budget is designed to support farmers and promote entrepreneurship among youth and women. His remarks aimed to clarify the government’s long-term vision for economic development amidst ongoing scrutiny.