Breaking News
Govt planning to send human into deep sea in early 2026: Union Minister Jitendra Singh PM not ready to accept mistake on 'insult' to Ambedkar; we will fight for his respect: Kharge New manufacturing golden age for India beckons: Tata Sons chief to staff Roja Confident of YSRCP’s Return, Slams Chandrababu Naidu’s Policies Telangana High Court Dismisses Petitions Filed by Group-1 Aspirants Present Cong not original, fake Gandhis doing politics in name of Mahatma Gandhi: Kumaraswamy BJP protests near Kejriwal's residence over 'Mahila Samman' scheme China’s world’s largest dam on Brahmaputra sparks alarms in India TDP and Jana Sena Are Bowing to the Center: Sharmila Vandalism at Allu Arjun''s residence in Hyderabad: PhD, MA students among 6 accused Charmme Expresses Gratitude to Telangana Government No compromise on L&O, CM Reddy tells Telugu film industry amid speculation of 'strained' ties Govt to pay pension distribution Dec 31st Who are you to come from Hyderabad? Baby John Box Office Advance Booking: 18,000+ Tickets Sold in 24 Hours Sai Pallavi To Star In Nithiin-Venu Yeldandi’s Film ‘Yellamma’? Here's What We Know Stock markets settle flat in muted trade; Adani Ports spurts over 5% Police intensify security in Delhi's border areas for New Year eve celebrations Mayawati accuses Congress of disrespecting Ambedkar, supporting capitalists RBI sets up 8-member panel on ethical use of AI Siddaramaiah takes dig at BJP for opposing proposal to name road in Mysuru after him 'Shameful, condemnable': Rahul slams police action against protesting BPSC candidates in Patna AP Chambers Appeals to RBI for Tourism as Priority Sector AP to emerge Sunrise state with Jesus blessings Prez confers Pradhan Mantri Rashtriya Bal Puraskar on 17 children for excellence in various fields Benefit Shows and Ticket Price Hikes Are Minor Issues: Dil Raju QuickAds Launches All-in-One Solution to Schedule, Launch, and Run Social Media Posts and Ad Campaigns Sandeep Dikshit complains to Delhi LG against AAP's 'Mahila Samman' scheme Karnataka CM announces Rs 5 lakh compensation to kin of Hubballi burn victims Kartik Aaryan As Rooh Baba Announces Bhool Bhulaiyaa 3's OTT Release Date In New Promo Video. Watch SC collegium recommends 3 judicial officers as judges for Rajasthan High Court National Skill Development Corporation (NSDC) recognized as Best Brands in 2024 Mandala puja held at Sabarimala, over 32.5 lakh pilgrims visit this season No benefit shows for Sankranthi films in Telangana Woman constable, two others found dead in lake in Telangana everything the Central government says about uplifting Visakhapatnam Steel is a lie:YS Sharmila BJP accuses Congress of putting up banners with 'distorted' map of India Amid speculation of "differences", Telangana govt reiterates support to Telugu film industry Cinematic Development Will Receive Government Support: CM Revanth Reddy Tweets Author Bapsi Sidhwa passes away at 86 in US Pope brings Holy Year and message of hope to Rome's main prison The secret world of plants living in our limestone pavements Chinese automaker BYD slams reports of poor conditions at factory site in Brazil Cong MLA among 21 held for attacking policemen during protest in Gujarat Allu Aravind and Raghavendra Rao Laud CM Revanth Reddy’s Vision for Telugu Film Industry Power transformer outside Greater Noida hospital catches fire, no one injured PM Modi calls for equipping youngsters with skills in emerging technologies Justice Guhanathan Narendar takes oath as Uttarakhand High Court Chief Justice Congress Working Committee to discuss political developments in the country: K C Venugopal Naveen Polishetty back with entertainment
Caserol item

AP’s debt Rs 9.74 lakh crore: CM Chandrababu counters Jagan’s claim

On
AP’s debt Rs 9.74 lakh crore: CM Chandrababu counters Jagan’s claim

 Chief Minister Nara Chandrababu Naidu addressed the Andhra Pradesh Legislative Assembly on Thursday

 Chief Minister Nara Chandrababu Naidu addressed the Andhra Pradesh Legislative Assembly on Thursday, said that the State's total debt stands at a staggering Rs 9,74,556 crore during previous government.
 
He said that anyone who disputes this figure to come to the Assembly and he would explain the facts. The remarks came as a response to former Chief Minister Y S Jagan Mohan Reddy’s recent statement in a press conference that the AP’s debt was Rs 6.46 lakh crore.
 
Countering Jagan’s claims, Chief Minister Chandrababu in Assembly today said that the State total debt stands at Rs 9,74,556 crore and he broke down the debt into several categories: government debt of Rs 4,38,278 crore, public account liabilities of Rs 80,914 crore, corporation debt of Rs 2,48,677 crore, civil supplies corporation debt of Rs 36,000 crore, power sector liabilities of Rs 34,267 crore, outstanding dues to vendors totaling Rs 1,13,244 crore, outstanding dues to employees at Rs 21,980 crore, and non-contribution to the sinking fund amounting to Rs 1,191 crore.
 
He emphasized that the per capita debt now stands at Rs 1.44 lakh. He claimed that his government was transparent, and to prove it, they had released seven white papers detailing the State's financial situation. Naidu also drew comparisons between the growth in agriculture during his tenure, which had exceeded 16 percent, and the decline to just 10 percent under the current government. He pointed out that the State's revenue had decreased by Rs 6.94 lakh crore over the past five years, and that Andhra Pradesh's per capita income was Rs 1.14 lakh lower than that of Telangana.
 
Naidu further criticized the previous government for causing companies like Amararaja Batteries to leave Andhra Pradesh, opting instead to invest in Hyderabad due to a lack of trust in the state's governance. He also mentioned how government secretaries were forced to stand with their hands tied in the High Court in 25,000 cases, highlighting the inefficiency and the rising debt burden.
 
The Chief Minister also criticized the state's handling of central schemes, accusing the previous government of failing to complete basic infrastructure projects like rural roads. He also attacked the inefficiencies of the Jal Jeevan Mission, which, according to Naidu, was halted before it could be fully implemented, despite the fact that Uttar Pradesh had utilized Rs 1 lakh crore to provide drinking water through the scheme.
 
He pointed out the destruction of the educational system due to misguided reforms, including the push for English medium education, which he claimed had only caused confusion. Further criticizing the current administration, Naidu highlighted the halting of key projects like the construction of Amaravati, which he said had tarnished the state's image. He also called for the completion of the Polavaram project and emphasized the importance of connecting rivers. Naidu accused the government of creating employment obstacles, leading to a loss of opportunities, and revealed that the power sector had incurred a loss of Rs 1,29,000 crore.
 
He cited examples of inefficient energy purchases, including paying Rs 9,000 crore for electricity not even used, and buying power from the open market at inflated rates. The Chief Minister also alleged that the government had been involved in corrupt business practices, particularly in the sand industry, claiming that Rs 30,000 crore had been looted through sand mining.
 
He criticized the previous government's involvement in the alcohol industry, accusing them of controlling production, transport, and sales, with the proceeds seemingly funneled into the Tadepalli Palace in the evening. Naidu claimed that the government had also misused its power, stating that public resources such as farmers' bazaars, tahsildar offices, and health centers had been mortgaged. He concluded by stating that the state had incurred Rs 25,000 crore in debt by pledging the income generated from liquor sales. 
 
 
 
Tags Andhra Pradesh Nara Chandrababu Naidu Assembly
India's Jay Shah takes over as new ICC chairman

India's Jay Shah takes over as new ICC chairman

ISRO reschedules Proba-3 launch after detecting 'anomaly'

ISRO reschedules Proba-3 launch after detecting 'anomaly'

Lok Sabha secretary general gets fresh one-year extension

Lok Sabha secretary general gets fresh one-year extension

IMD issues red alert for four districts in Kerala; heavy rains expected on Dec 2

IMD issues red alert for four districts in Kerala; heavy rains expected on Dec 2

Latest Posts