Bihar Legislative Assembly: No financial crisis in the state, dues of all contractors will be paid soon Bihar Legislative Assembly: No financial crisis in the state; all contractors’ dues will be cleared soon.

The government has completely clarified the picture on the debate that broke out during the monsoon session of Bihar Assembly regarding the economic condition of the state and the budget for development works. During the live proceedings of the House, Finance Minister Vijendra Yadav rejected all the claims of the opposition and bluntly said that at present there is no shortage of funds with the Bihar government and there is no financial crisis of any kind in the state. There has been an end to the questions being continuously raised by the opposition for the last few days in which it was being said that due to lack of funds, the development works of the state have come to a standstill and the bills of the contractors are stuck. After this official and clear statement of the Finance Minister, contractors, vendors and the business world associated with construction works have heaved a sigh of relief.

Befitting reply to opposition’s allegations, treasury and economy completely strong

During the discussion in the House, the opposition parties had raised many sharp questions regarding the condition of the government’s treasury and financial mismanagement. His allegation was that the schemes were not being paid due to lack of money in the treasury. Giving a befitting reply to all these allegations, Finance Minister Vijendra Yadav assured the House that Bihar’s economy is completely on track and financial discipline is being followed strictly. He clarified that the government has a smooth flow of resources and lack of funds will not come in the way of any important scheme.

Big relief news for contractors troubled by pending payments

This statement of the Finance Minister is no less than a lifesaver for thousands of contractors and agencies involved in the construction of roads, bridges and buildings in the state. Amid talks of shortage of funds, contractors seemed worried about the payment of their dues for quite some time. After this announcement by the Minister, it has now been decided that all pending payments will be released expeditiously as soon as the administrative and technical processes are completed. This will not only give impetus to stalled development projects but will also improve cash flow in the market.

Other important issues echoed during the assembly session, disputes between power and opposition

During this live proceedings of Bihar Assembly, apart from financial matters, vigorous debate was also seen between the ruling party and the opposition on many other public interest and administrative issues. While defending its policies, the government has tried its best to convey the message that transparency and development in the state is its biggest priority. After this blunt clarification by the Finance Minister, the atmosphere inside the House also seemed to become normal and the government proved that the economic future of Bihar is in completely safe and strong hands.