CPI calls for White Paper on Government Lending, Development

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The Communist Party of India (KPI) has asked the government of the YSR Congress Party to publish a “white paper” on the total amount of loans it has borrowed since it came to power in May 2019 and the extent of development in each sector .

Speaking at a news conference in Guntakal on Saturday, CPI Secretary of State K. Ramakrishna said the state had borrowed a total of 95,000 crore at the time the combined AP was split, but today the loans have increased to 3.45 lakh crore. Things are so far advanced that the government cannot pay salaries until the 4th of the month.

“Prime Minister YS Jagan Mohan Reddy has to answer how much he has spent on development – specifically job creation, agriculture, industrial scenario improvement and irrigation,” said Ramakrishna. The prime minister must also tell people what the loan repayment strategy or plan was and how much revenue was generated from the funds borrowed from the state during his tenure, the CPI chairman asked.

Threat to voting rights

The recent actions of the YSR congressional party to ensure that the opposition parties did not exist in the state posed a serious threat to the people’s right to vote, as the majority of the elections were decided as “unanimous”, noted to kill the spirit of democracy he. “The chief minister had given ministers and MLAs a target of 80% victory in the recent ULB election, and even in the current MPTC / ZPTC election he was expecting a 100% victory for the YSRCP,” added the communist leader .

The state electoral commission had resorted to an undemocratic exercise to conduct MPTC / ZPTC elections with just eight days’ notice against a Supreme Court ruling that imposed a code of electoral conduct for at least four weeks. “While the SEC was supposed to hold a meeting of all political parties on April 3, it hastily announced election dates the day before,” he said. The district CPI Secretary D. Jagadeesh was also present on the occasion.

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