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Economic collapse, financial instability crushing AP: Ramakrishnudu

Ramakrishnudu asserted that the Telugu Desam Legislature Party (TDLP) would strongly object and demand in the meeting of the Business Advisory Committee (BAC) for holding a 15-day session.

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Vijayawada: Telugu Desam Party senior leader and former Finance minister Yanamala Ramakrishnudu on Wednesday slammed that the Jagan Mohan Reddy headed Andhra Pradesh Government’s ‘anti-people policies’ had crushed all sources of revenue growth for the State.

Ramakrishnudu expressed concern that by the end of the 2021-`22 financial year, AP debts would rise to touch Rs 5 lakh crore due to the financial mismanagement of the Jagan regime.

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The State would have to pay over Rs 1 lakh crore towards principal and interest on the overall debts. Jagan Reddy was causing irreparable damage to the State economy such that the next Government would not be able to do anything.

Ramakrishnudu said Chief Minister Jagan Reddy was using ‘political terrorism’ every effectively to stifle the voice of the opposition and general public in every way possible. The House session should be held for at least 15 days but the Government opted for just one-day to suit its ulterior purposes. Apparently, Jagan Reddy was running away from his accountability to the State legislature.

Addressing a press conference here, the TDP leader said the Chief Minister should realise that his Cabinet was accountable to the Assembly eventually. All the Cabinet decisions and their consequences should come up for debate in the House. The members should be given ample chance to raise issues relating to the people and the State. The YCP regime was transgressing the special privileges of members to reflect public opinion in the House.

Ramakrishnudu asserted that the Telugu Desam Legislature Party (TDLP) would strongly object and demand in the meeting of the Business Advisory Committee (BAC) for holding a 15-day session.

Meanwhile, the TDLP decided to raise the failures of the ruling YSRCP with regard to prices of essential commodities, municipal taxes, garbage tax, financial crisis, CPS cancellation, APPSC job notifications and so on. The other issues that came up for discussion were AP becoming the drug hub of India, diversion of funds meant for Centrally sponsored programmes, GO No. 217, fishermen’s problems, mining seigniorage by private agencies, Agrigold depositors, hereditary assets registration, Amaravati agitation and mortgaging public assets.

The TDP leader demanded that the Government should make sure that all problems of the State come up for debate in the House. Jagan Reddy should answer in the Assembly why the State registered a negative growth rate of 13 per cent. The growth rate was 10.22 per cent during the 5-year term of the TDP but it slipped to -2.58 per cent under the YCP rule.

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