Chandrababu Naidu left behind financial mess in Andhra, says Jagan's govt
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Chandrababu Naidu left behind financial mess in Andhra, says Jagan's govt

By News Minute calender  12-Oct-2019

Chandrababu Naidu left behind financial mess in Andhra, says Jagan's govt

  • State Bank of India raising concerns about Andhra Pradesh's rising outstanding debts and sovereign guarantees.
     
  • Over it, Jagan Mohan Reddy-led YSRCP government blamed the previous Chandrababu Naidu regime for the financial situation of the state.
     
  • On the news in a section of media about an SBI letter on the loan taken by Andhra Pradesh Power Finance Corporation (APPFC).
     
  • The SBI, in its letter dated September 30, questioned the veracity of the guarantees offered by the state government for Rs 3,000 crore term loan for APPFC.
     
  • "The pending bills and amounts drawn before elections were piled up on us and their mismanagement was carried forward and has fallen on us to clear." said FM Buggana Rajendernath.

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