CM Jagan to take a trip to Delhi on June 2, anticipated to satisfy PM Modi
The Andhra CM is anticipated to ask for the Union government to raise the state'' s internet loaning ceiling for the present monetary year, in the background of the row over placing financial obligation concern and also unaccounted finances.
Andhra Pradesh Chief Minister YS Jagan Mohan Reddy will certainly check out New Delhi on Thursday, June 2, and also he is anticipated to satisfy Prime Minister Narendra Modi and also various other Union priests. Official resources have claimed the Chief Minister would certainly get to New Delhi at 2 pm on Thursday and also could satisfy the Prime Minister later on at night. The Chief Minister is anticipated to ask for the Union government to raise the state’s internet loaning ceiling for the present monetary year, in the background of the row over placing financial obligation concern and also unaccounted finances.
For 2021-22, the Union government dealt with a loaning ceiling of Rs 42,472 crore yet the state government obtained Rs 55,000 crore. The complete public financial obligation of the state is forecasted to skyrocket to Rs 4,39,394.35 crore in 2022-23, up from Rs 3,90,670 crore based on the modified price quote for 2021-22. This apart, the government stood warranty for an amount of Rs 1,17,503 crore, obtained by numerous state-run entities till December 31, 2021.
The Comptroller and also Auditor General (CAG) of India has actually been asking the Andhra government to provide information connected to finances increased by public market tasks, backed by the state warranty. The CAG is yet to settle the state’s yearly represent the 2021-22 monetary year as the Andhra government did not provide information of the responsibilities, main resources claimed.
Consequently, the Union government is yet to deal with the fresh line of credit, therefore restricting the state’s extent for increasing finances from the open market, the resources explained.
Due to numerous factors, the Union government has actually placed a press on neighbouring Telangana’s loaning that has actually significantly obstructed its capital. “We are additionally looking at a comparable scenario. Any such press on loaning will totally choke us, offered our breakable monetary condition, a leading AP government authorities claimed.
The AP Finance Minister and also leading money authorities have actually been consistently conference Union Finance Minister Nirmala Sitharaman yet might not make any type of progression. The Chief Minister is anticipated to occupy the financial resources concern on top political degree with thePrime Minister
Also, the vexatious Polavaram concern is anticipated to figure in talks in between both leaders, with the state looking for prompt compensation of Rs 3,000 crore for the job functions currently done, resources included.
The CM is additionally anticipated to satisfy Union Home Minister Amit Shah and also go over the recurring CBI examination right into the murder of the previous’s uncle YS Vivekananda Reddy, in which YSR Congress MP YS Avinash Reddy might be called an implicated.
For 2021-22, the Union government dealt with a loaning ceiling of Rs 42,472 crore yet the state government obtained Rs 55,000 crore. The complete public financial obligation of the state is forecasted to skyrocket to Rs 4,39,394.35 crore in 2022-23, up from Rs 3,90,670 crore based on the modified price quote for 2021-22. This apart, the government stood warranty for an amount of Rs 1,17,503 crore, obtained by numerous state-run entities till December 31, 2021.
The Comptroller and also Auditor General (CAG) of India has actually been asking the Andhra government to provide information connected to finances increased by public market tasks, backed by the state warranty. The CAG is yet to settle the state’s yearly represent the 2021-22 monetary year as the Andhra government did not provide information of the responsibilities, main resources claimed.
Consequently, the Union government is yet to deal with the fresh line of credit, therefore restricting the state’s extent for increasing finances from the open market, the resources explained.
Due to numerous factors, the Union government has actually placed a press on neighbouring Telangana’s loaning that has actually significantly obstructed its capital. “We are additionally looking at a comparable scenario. Any such press on loaning will totally choke us, offered our breakable monetary condition, a leading AP government authorities claimed.
The AP Finance Minister and also leading money authorities have actually been consistently conference Union Finance Minister Nirmala Sitharaman yet might not make any type of progression. The Chief Minister is anticipated to occupy the financial resources concern on top political degree with thePrime Minister
Also, the vexatious Polavaram concern is anticipated to figure in talks in between both leaders, with the state looking for prompt compensation of Rs 3,000 crore for the job functions currently done, resources included.
The CM is additionally anticipated to satisfy Union Home Minister Amit Shah and also go over the recurring CBI examination right into the murder of the previous’s uncle YS Vivekananda Reddy, in which YSR Congress MP YS Avinash Reddy might be called an implicated.
