In the last four years, there has been no asset creation in Andhra Pradesh, and Chief Minister Y.S. Jagan Mohan Reddy is piling up debts to fund his welfare schemes, which is already adversely hitting the State, and will push it into doldrums, says BJP State president D. Purandeswari.
Speaking to The Hindu here on July 29 (Saturday), Ms. Purandeswari said that the State government had already availed of ₹2.20 lakh crore as loans from the Reserve Bank of India (RBI) officially under the FRBM limits.
This apart, the government had unofficially mobilised over ₹4.50 lakh crore through various corporations, by mortgaging the State’s assets, and by showing the future revenue from liquor sales, she alleged.
