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Government Gradually Crawling Out of Financial Crisis, Says Babu

Published: 16th May 2015 06:00 AM  |   Last Updated: 16th May 2015 06:00 AM   |  A+A-

POLAVARAM:Chief minister Nara Chandrababu Naidu on Friday claimed that his government was slowly coming out of the financial crisis that it has been facing since assuming office.

Addressing newsmen here, he attributed this to the increase in its earnings from various sources. In this context, he cited the income from the auctioning of one per cent of the seized red sanders logs — which was Rs 3,000 cr — and the income from barytes mining — which had gone up from Rs 1,500 cr to Rs 2,000 cr this year.

He said that with the improvement of its financial health, the government had allocated an amount of over Rs 40,000 cr for various welfare schemes — Rs 6,000 cr for pensions, Rs 24,000 for crop loan waiver scheme and Rs 10,300 cr for welfare of women. He added that the government had also introduced an insurance scheme for the drivers in the unorganised sector.

Reiterating his government’s resolve to complete all the pending irrigation projects in the state at the earliest, the chief minister alleged that the Congress governments had diluted all the irrigation projects during their 10-year rule in the state, as a consequence of which their costs had vastly gone up now.

He accused the erstwhile Kiran Kumar Reddy-led Congress government in the state of not acquiring the requisite land for the Right Main Canal of the ISP for years. He added that he had now directed the officials to do the needful in this regard. The farmers also should come forward to give their land for the project, he said and assured them of just and adequate compensation for the same.

Naidu said that he had instructed the officials concerned to ensure the speedy completion of all the irrigation projects and warned that contractors found delaying works would be blacklisted.



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