The second month of this fiscal year has just begun. Even though the second month is just halfway through, the state of andhra pradesh has already borrowed $9.500 billion. This demonstrates the lack of financial discipline that has existed in the state since jagan took office. Even after taking on such a large amount of debt, the government failed to pay many of its employees' salaries. 

Andhra Pradesh's state government received loans totaling $30,275 billion from the federal government for this fiscal year, but in the first 40 days of the year, it has already used up one-third of that amount. Almost all of the 9500 Crore was spent on giveaways and other routine expenses or will be spent on them. The full limit will likely be exceeded in around six months, if not sooner. The government of jagan Mohan reddy is forcing andhra pradesh into a financial mess. 

The Central government, which continues to relax the State's borrowing limitations despite being aware of the financial indiscipline, provides the government with able assistance. Amara raja Group invests 9500 crores in telangana in the meantime. Amara raja Batteries Limited lay the cornerstone for the first gigafactory in telangana on saturday in Mahabubnagar. The facility hopes to bring roughly 4,500 direct jobs and an equal number of indirect jobs, opening the door for considerable contributions to the area.

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SIBY JEYYA

08/05/2023 08:59 AM