STOCK MARKET BSE NSE

YSRC government pushing Andhra Pradesh into a debt trap: BJP

PVN Madhav claimed that the lending institutions were hesitant to extend loans to the state government because of its policies.

Published: 25th December 2020 07:45 AM  |   Last Updated: 25th December 2020 07:45 AM   |  A+A-

BJP flags (Photo| PTI)

For representational purposes

By Express News Service

VIJAYAWADA: BJP state general secretary PVN Madhav has alleged that the YSRC government was pushing the State into a debt trap.

He also claimed that the lending institutions were hesitant to extend loans to the state government because of its policies.

In a press meet in Vijayawada on Thursday, the MLC advised the government to hold talks with the banks to understand why they weren’t coming forward to lend loans.

He said through indiscriminate borrowings and policies, the government was turning the state into ‘Appula’ (debt-ridden) Andhra Pradesh.

Meanwhile, in wake of the comments made by former MP Undavalli Arun Kumar against RSS and BJP, party general secretary S Vishnu Vardhan Reddy lashed out at the former Congress leader calling him a “pseudo-intellectual”. He alleged that the former MP was trying to save the YSRC as the BJP was growing in the State. “After realising that YSRC is losing people’s support because of its corrupt governance, Undavalli, a loyalist of YSRC and masquerading as an intellectual, spewed venom on BJP,” he claimed.

Awareness programme

The BJP state unit will hold awareness programmes on the three farm laws, which are being opposed by several sections.

While the party chief Somu Veerraju will participate in the programme in Tirupati, party national general secretary D Purandeswari will address the meeting in Visakhapatnam.

In Vijayawada and Guntur, MP GVL Narasimha Rao and Kanna Lakshminarayana would be the chief guests.



Comments(1)

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

  • Sundaram

    Sadist BJP and sadist TRS have been playing double games in Andhra Pradesh after planting factionists cum mafias government in that state thus completely siphoning off all the investments, all the developments and all the jobs out of that state.
    8 months ago reply
flipboard facebook twitter whatsapp