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The Hindu
The Hindu
National
G.V.R. Subba Rao

Financial crisis deepens in Andhra Pradesh, alleges TDP leader

TDP Andhra Pradesh

 The Telugu Desam Party (TDP) on Wednesday expressed concern over the “deeper financial crisis” in Andhra Pradesh, which is pushing the State into a state of “financial emergency.”

Addressing the media virtually, TDP MLA and Chairman of the Public Accounts Committee Payyavula Keshav that the TDP had been saying that a “Sri Lanka kind situation” was prevailing in the State.

Andhra Pradesh’s borrowings were four times the borrowings of Sri Lanka. The Central Government had flagged the “disturbing trends” in 10 States, including Andhra Pradesh, he said.

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