AP Govt Creates A New Record of Taking Loans in November

[JohnSnow]

12 minutes ago, Anta Assamey said:

thread following kosam GIF vestanu ... Spamming kosam kaadu bro ...Inka comment antava ...

Government ni vadi chetulo pettaka em chestam ... wait and see where he will in 5 years ... 

 

Anta Assamey

[andhra_jp]

What is the source of this news ? Mirchi9 ? How can we even trust from local telugu website.

https://www.mirchi9.com/politics/andhra-pradesh-govt-creates-a-new-record-of-taking-loans-in-november/

Unless it comes from any recognized english national media these telugu websites needs to be read with pinch of salt.

 

 

[andhra_jp]

Andhra Pradesh Finance Minister attacks Chandrababu Naidu regime for the financial crisis in the State

“Normally, any government might leave behind a debt of Rs 5,000 crore or so. But, we inherited Rs 48,000 crore from the TDP. Besides this, we are facing about Rs 40,000 crore unpaid bills. We are in the process of controlling the damage, which will take time,” he revealed. When asked how long it would take for the government to undo the ‘damage’, the minister said, “We are clearing bills less than Rs 10 lakh and it may be done by December. We can’t say how long it would take to clear the entire bills as we also have our priorities. But, it may take about three years to rectify the system.”

On SBI’s letter to AP Power Finance Corporation, which sought Rs 3,000 crore loan from the bank, enquiring about the State’s repayment capacity, the minister explained, “The observation of the SBI was that the outstanding government guarantees shot up sharply from Rs 9,665 crore in 2017 to Rs 35,964 crore in 2018. But, it is a mischief to blame the four-month-old present government for the mismanagement of the previous regime. It is the TDP’s mismanagement that is spilling over now. “Similarly, he noted that the TDP government’s poor financial management led to the State being in overdraft for 43 days in 2018-19 fiscal. “Before elections, in April and May, too, the government went in for overdraft for 14 days. But, after we came to power, we were in OD for eight days in June. In the subsequent three months, there was no OD,” he said.

Buggana rebutted the TDP leaders’ claims of lowered lenders’ confidence and decreased per capita income. “On October 7, as part of regular borrowing, the government sought state development loan (SDL) of Rs 1,000 crore from RBI. It was oversubscribed and we raised Rs 2,005 crore. If the lenders’ have no confidence, why would there be oversubscription?” he asked. “Their claim that the per capita income came down too doesn’t hold any water. The calculations are done based on the performance of previous government, in which agriculture GSDP increased and that of industries and service sector plummeted,” he explained.

The minister also alleged that the TDP government borrowed irresponsibly. Explaining that the government could borrow Rs 30,000 crore in an entire year, Buggana revealed that, for the first time ever, the earlier government borrowed Rs 5,000 crore in a single day in April this year. “Between January and April, the AP Civil Supplies Corporation borrowed Rs 4,800 crore. And just before elections, the government went for supplementary borrowings, by creating new schemes, for Rs 38,000 crore. All these were diverted for various schemes and payment of contractors’ bills. While public utility bills like midday meals, fee reimbursement, land acquisition, discoms, hospital subsidies, outsourcing employees’ salaries were kept pending for nine to 12 months, contractors dues were cleared. In March, Rs 3,300 crore worth bills were cleared. Of this, Rs 1,000 crore was paid to their 8 favourite agencies,” he claimed.

https://www.newindianexpress.com/states/andhra-pradesh/2019/oct/12/andhra-pradesh-finance-minister-attacks-chandrababu-naidu-regime-for-the-financial-crisis-in-the-state-2046297.html

[MiryalgudaMaruthiRao]

Vadiki frnds malli station ki ravadam valu kuda veedi lage edhavalu anukunta...vadi amma nanna Kanaka ee audio vini vadi way of thinking ki ideology ki em anukunda unnarante vallu devullu..

[futureofandhra]

3 hours ago, andhra_jp said:

What is the source of this news ? Mirchi9 ? How can we even trust from local telugu website.

https://www.mirchi9.com/politics/andhra-pradesh-govt-creates-a-new-record-of-taking-loans-in-november/

Unless it comes from any recognized english national media these telugu websites needs to be read with pinch of salt.

 

 

Saks best

[andhra_jp]

14 minutes ago, futureofandhra said:

Saks best

lol its another baised paper.

 

Likes of  Indianexpress, hindu, business standard, outlook .. are far better than our telugu diaries.

[Android_Halwa]

16 hours ago, AndhraneedSCS said:

@Android_Halwa vachi , Bihar of South ani cheppi pothadu ippudu 

Yes, Bihar of the south...Thanks to CBN for making this a reality...

[ClemsonTiger]

16 minutes ago, Android_Halwa said:

Yes, Bihar of the south...Thanks to CBN for making this a reality...

thanks for eddie jaffas making AP as bihar.

A1 shitty moxxfuxxker.

[futureofandhra]

56 minutes ago, Android_Halwa said:

Yes, Bihar of the south...Thanks to CBN for making this a reality...

AP won't be Bihar if people are smart for next election

AP loss gain to hyd