CPI calls for white paper on state lending and development


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

At a press conference in Guntakal on Saturday, IPC Secretary of State K. Ramakrishna said the state had total borrowing of 95,000 crore at the time of the combined PA split, but today the loans have increased to 3.45 crore lakh and things have become such that the government is unable to pay wages until the 4th of the month.

“Chief Minister YS Jagan Mohan Reddy must respond on the amount he spent on development – especially in job creation, agriculture, improving the industrial scenario and irrigation facilities,” Mr Ramakrishna said. The chief minister is also to tell the people what the loan repayment strategy or plan was with the amount of income generated from the funds the state borrowed during his tenure, the CPI chief asked.

Threat to the right to vote

The recent steps taken by the YSR Congress Party to ensure that opposition parties do not exist in the state have posed a serious threat to the people’s right to vote, as the majority of elections were to be decided in unanimity, killing the spirit of democracy, he observed. “The Chief Minister had given a target of 80% victory for ministers and deputies in the recent ULB elections and even in the current MPTC / ZPTC elections, he expected a 100% victory for the YSRCP, ”added the Communist leader.

The State Election Commission had resorted to an undemocratic exercise of holding MPTC / ZPTC elections with just eight days’ notice against a Supreme Court ruling imposing a minimum of 4 weeks electoral code of conduct. “While the SEC was supposed to hold a meeting of all political parties on April 3, it announced the polling dates in haste a day before,” he said. The district secretary of the CPI, D. Jagadeesh, was also present on the occasion.

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