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Convene House to discuss State’s finances: Yanamala

Telugu Desam Party (TDP) Polit Bureau member Yanamala Ramakrishnudu has asked the government to convene the Legislature to discuss the financial health of the State.

In a statement on Thursday, the former Minister said the State has retrograded in the last five months under the YSR Congress Party rule. The State government was trying to hush up its inefficiency and failures by blaming the TDP. The financial difficulties were not due to the TDP rule. The TDP could ensure that no new taxes were levied and augment the revenues though the journey after bifurcation of State began with revenue deficit.

Revenue deficit

The difference between Andhra Pradesh and Telangana in revenue deficit was 8% at the time of bifurcation. The TDP government could bring it down to 1%. The growth rate was 11.2% when the YSRCP came to power. The Per Capita Income (PCI) was ₹1.64 lakh during the TDP rule. The government admitted that the PCI fell by ₹17,000 during the last five months. Also, the growth rate fell to 8%, he pointed out.

‘Projects halted’

Despite hardships, the State progressed during the TDP tenure. Now, the government had stalled all projects, including Amaravati, Polavaram and other irrigation projects. Construction workers were rendered jobless and their incomes had fallen due to sand scarcity. The government was transporting the sand to Bengaluru from the State and selling it at a price of ₹1 lakh per lorry. The bankers reposed faith in the government during the TDP government. But, were shying away now. The issues could be discussed if the government conducted the Assembly session, he added.

Source: thehindu.com

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