Connect with us

Hi, what are you looking for?

Political Mirror

TDP

TDP demands White Paper from Andhra Pradesh government

AMARAVATI: Telugu Desam Party (TDP), the main Opposition in Andhra Pradesh, on Monday demanded that the Jagan Mohan Reddy government immediately publish a White Paper on the states finances.

This demand comes in the wake of the state allegedly not paying salaries to its employees.

That it (AP government) could not even pay salaries to its staff and pension to the retired personnel exposes the bankruptcy of the government,” the Leader of Opposition in the Legislative Council Yanamala Ramakrishnudu said in a statement here.

The ruling regime is solely depending on borrowings even to pay salaries to employees, the statement quoted Ramakrishnudu as saying.

The state borrowed (from different sources) a record Rs 79,191.58 crore in the first 11 months of the 2020-21 financial year, the highest by any state in the country, Ramakrishnudu, who was the Finance Minister previously, pointed out.

He said the various grants from the Centre to the state went up from Rs 16,758 crore in February 2020 to Rs 26,458 crore in 2021.

The Excise revenue increased from Rs 5,821 crore in 2020 to Rs 10,125 crore in 2021.

Overall, the state government secured an additional revenue of Rs 29,109.30 crore (till February) in 2021.

Besides, donations poured in in the name of COVID-19. Where has all that money gone, he questioned.

The TDP veteran said the Jagan regime borrowed a staggering Rs 2.50 lakh crore in two years but still the financial condition grossly deteriorated.

Salaries are not being paid in time, there is no development and bills for works executed are not being cleared. The government is depending on loans even for basic requirements like payment of salaries, he lamented.

The state government owed an explanation to people on how the Central grants were being spent, the former Minister said and demanded that a White Paper be published forthwith on the financial position.

Source: Press Trust of India

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Government

NEW DELHI: As six top administrative positions are set to fall vacant with the incumbents retiring from service at the month end while a...

TMC

KOLKATA:The Trinamool Congress, after returning to power in West Bengal for the third time in a row, has decided to convert its weekly mouthpiece...

NCP

MUMBAI: NCP chief Sharad Pawar on Wednesday indicated that he won’t be a candidate for the Presidential election, party sources said. The sources said...

DMK

CHENNAI: R Mahendran, who was among the heavyweights to quit Kamal Haasan-led Makkal Needhi Maiam following the Assembly poll debacle, on Thursday joined the...

MNS

MUMBAI: Maharashtra Navnirman Sena chief Raj Thackeray and BJP state president Chandrakant Patil met in Nashik on Sunday. Patil later told reporters that he...

Political Mirror News