Kala lashes out at govt. for ‘poor’ fiscal management
The Hindu
‘Per capita income nosedived from 12.86% during TDP term to 1.03% now’
TDP Polit Bureau member K. Kala Venkata Rao has accused the State government of violating the constitutional norms and established procedures in mobilising loans and misusing the same in the name of welfare schemes. In a statement on Sunday, Mr. Venkata Rao said Andhra Pradesh topped the country in availing loans. In the last 25 months, the YSRCP government had borrowed ₹1.49 lakh crore against ₹1.30 lakh crore by the TDP government in five years. Also, the YSRCP government had given sureties worth ₹60,000 crore for loans taken through various corporations in the last two years, he said.More Related News