Andhra BJP slams YSRCP govt

ANI
02 Aug 2021, 18:55 GMT+10

Vijayawada (Andhra Pradesh) [India], August 2 (ANI): BJP Andhra Pradesh General Secretary and MLC PVN Madhav stated that the state unit will complain to the Central government on alleged financial irregularities and indiscipline of the YSRCP-led state government.

Slamming the state government, Madhav said that borrowings being raised by the state government will become a heavy burden on the state exchequer and the general public.

Madhav said that the State government has no revenues but is going for borrowings indiscriminately. "The state is misleading the Central government, Reserve Bank of India and other financial bodies and raising loans. It is violating Fiscal Responsibility and Budget Management Act (FRBM Act), 2003, (FRBM) norms, other guidelines by Central government," he alleged.

The BJP leader said, "the state government is not spending the money on any development activities and is instead using it for distribution under various schemes. The Central government funds are also being diverted for money distributing schemes instead of using for appropriate purposes."Madhav further said that the State government is raising debts showing future years' excise revenues as a guarantee and by opening escrow accounts. "On one hand the state government is speaking of liquor ban in the state in phased manner, on the other hand it is raising loans showing future income from excise revenues. Isn't it magic?" he questioned. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Africa Leader.

More Information

16 ℃

Fair in Cape Town

International

Section

Americans monitoring outbreak of swine flu in Haiti

WASHINGTON D.C.: The World Organization for Animal Health said the first outbreak of the African swine fever, a fatal pig ...

US Covid deaths now match number of fatalities in 1918 flu pandemic

WASHINGTON D.C.: COVID-19 has now killed as many Americans as the 1918-19 Spanish flu pandemic, numbering some 675,000.However, the 1918 ...

Senators want U.S. to prosecute unruly air passengers

WASHINGTON D.C.: On Monday, Attorney-General Merrick Garland was urged by two senior U.S. Senate Democrats to investigate and prosecute unruly ...

Australian submarines: An arms deal or military pact?

On September 15, 2021, the heads of government of Australia, the United Kingdom, and the United States announced the formation ...

Guatemala Attorney General added to U.S. corruption list

WASHINGTON D.C.: In a move that highlighted the Biden administration's frustration, the U.S. this week added Guatemala Attorney-General Consuelo Porras ...

Canary Islands eruption destroys 100 homes, 5500 forced to flee

LAS PALMAS, Canary Islands: Lava flowing from the first volcanic eruption in 50 years on Spain's Canary Islands destroyed some ...

Business

Section