Saturday, October 12, 2024

Jagan pushed AP into debt trap: Lokesh

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PNS|Guntur

Telugu Desam Party (TDP) national general secretary Nara Lokesh has alleged that Chief Minister Y S Jagan Mohan Reddy has put the state in debt trap while development vanished from the state.

“Chief Minister Jagan Mohan Reddy is the administration with a Rs 10 lakh crore debt burden and there is absolutely no transparency in his Government,” Lokesh charged.

Lokesh had an interaction session with auditors at Tadikonda before beginning his Yuva Galam pada yatra on Monday. Speaking on the occasion, he said that the State Government has been borrowing huge amounts of funds in the name of various corporations.

Expressing serious concern that the financial condition of the State is in doldrums, the TDP national general secretary told the auditors that if the TDP is voted to power, it would restart the growth engine which now has come to a grinding halt.

”Development and welfare are the two wheels of our cycle (the symbol of the TDP). We will create wealth and take care of the welfare of the people as top priority,” Lokesh observed.

Expressing confidence that the TDP will certainly come back to power in the 2024 elections, Nara Lokesh promised the auditors to invite industries on a large scale and create employment. The development, progress and the growth rate of the state came to a halt due to YSRCP’s wrong policies, he lashed out.

Assuring the auditors and the chartered accountants that their problems will be taken to the notice of the Central Government, Lokesh said that efforts would certainly be made to resolve them. The TDP national general secretary regretted that several auditors and chartered accountants are migrating to other States as they are not finding enough work here after Jagan Reddy had become the Chief Minister.

“Jagan Mohan Reddy is harassing all the companies and is chasing the industrialists out of the State which is seriously hitting the State economy,” Lokesh felt, assuring them of not collecting professional tax from CAs and taking steps to ensure that they will not face any kind of harassment.

Referring to the harassment being meted to Margadarsi Chit Fund Company he said Margadarsi Chit Funds has been functioning for the last 62 years and there is not a single complaint against the company.

When the villagers of Tadikonda complained that they are facing a severe drinking water crisis, Lokesh said that it is highly regrettable that those who are living near the Krishna river bed are facing drinking water problems and assured them to resolve the same if the TDP is voted to power.

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