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

TDP appeals to Centre to rescue Andhra Pradesh from becoming bankrupt

Telugu Desam Party (TDP) senior leader and Member of Legislative Assembly Gorantla Butchaiah Chowdary has urged the Union Government to “rescue Andhra Pradesh from the deepening financial crisis, steep price rise, and impending bankruptcy.”

Addressing the media on Tuesday, Mr. Butchaiah Chowdary said the Centre should take immediate action based on the reports of the Comptroller and Auditor General (CAG) and the Reserve Bank of India (RBI) on the “high-interest loans and gross financial mismanagement by the State government.”

“Andhra Pradesh’s debt has risen to ₹7.76 lakh crore, and the government is not able to pay salaries and pensions in time.”Gorantla Butchaiah ChowdaryTelugu Desam Party MLA

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