Andhra Pradesh BJP chief spokesperson Lanka Dinakar complained to the Union Finance Minister Nirmala Sitharaman about the alleged violation of the Fiscal Responsibility and Budget Management (FRBM) norms by the Andhra Pradesh (AP) government, during a brief interaction with her here, on Sunday.
Mr. Dinakar said in a press release that he apprised Ms. Sitharaman that the government has blatantly violated the provisions of Clauses 3 and 4 of Article 293 of the Constitution, related to borrowings by the States, and stressed the need.for setting up a National Debt Regulatory Authority that would take action against violations of the FRBM norms.
Mr. Dinakar quoted Ms. Sitharaman as saying that restrictions have been imposed on such actions of the States to rein them in, lest their economies should be crippled. He also stressed the need for capital and welfare expenditures to be in tune with the spirit of Mission Antyodaya. Only then could the objectives of the Viksit Bharat Sankalp Yatra be achieved, he stressed.
