Babu's Big Challenge: Difficult days for Babu..!?

- In the first month itself Babu owed Rs 7 thousand crores.
- Jagan's debts are Rs. 60 thousand crores.
- More loans to Babu for Super 6 schemes.

Chandrababu Naidu's government has completed a month. The days of this month went smoothly. As it is the first month, it must be said that the government has worked with some enthusiasm. However, the real story begins now. There is a shortage of funds for the implementation of important schemes, salaries, and pensions of government employees as well as social security pensions and other programs. In the first month, the existing 5000 crore rupees were used. After that, they got 7000 crore rupees from the central government in the form of loans. At that time under social security pensions, 3,500 crore rupees should be provided to the people. Similarly, the situation has arisen to provide funds for employee wages, pensions, and other schemes. In this background, the state government is taking steps towards getting back on the path of debt. Meanwhile, there is a need to pay interest on the debts already incurred by Jaganmohan Reddy. 60 thousand crore rupees per year is lost in the form of interest. Banks questioned chandrababu naidu on this matter in a recent meeting of bankers.
Now Chandrababu has started hunting for those funds. Welfare schemes on one side and salaries of employees on the other side. In the situation where the amount is not sufficient for these, new schemes are now being chased again and again. Although no decision has yet been taken on when they will be launched, at least some of them should be launched in the next two to three months in some form or another. As a result, Chandrababu is faced with a situation where he has to incur debts. If this happens, there is a possibility that the interest that has already been paid will become more burdensome for Chandrababu along with the debts incurred by the previous government.


On the other hand, the national media is saying that the central government is likely to increase the debt limit in the upcoming budget. So far it has increased the debt limit by implementing some key welfare schemes for the states. Now by increasing the debt limit, it will impose a condition to implement more key schemes. For example, in the past, Jaganmohan reddy made a sensational decision by imposing a tax on garbage. Chandrababu denied this at that time. The opposition parties also took part. people were also beaten.


Jaganmohan reddy took more debts from the central government by imposing a tax on garbage. This is the reason why Jaganmohan reddy accepted the conditions imposed by the central government regarding smart meters related to the use of electricity for farmers. Jaganmohan reddy agreed with the condition that he would give more loans if smart meters were installed for the electricity used by farmers. It is for that reason that the scheme of using smart meters for farmers' agricultural electricity has been brought across the state. And this is the reason why smart meters are being used for home electricity. ``We will give more loans. Jaganmohan Reddy's government incurred debts in a hopeless situation as the previous Modi government imposed conditions that you should implement the programs we said. In response to this, the respective schemes were implemented. But Chandrababu, who was wrong at that time, is now looking to cancel them. This means that the central government will reduce the debts given under the schemes from now on if we see that smart meters are not being brought into use and pawan kalyan has already announced that the tax on garbage will be cancelled.


Otherwise, it looks like being careful not to give loans anymore. In this background, debts, interests, and programs to be done in the future have become the main problems for Chandrababu. Despite his experience, it does not seem like there will be any investment. In this background, there is no doubt that the coming days for chandrababu naidu will be very difficult.
For more interesting updates wa click and follow Indiaherald WhatsApp channel

Find out more:

chandrababu naidu

Sowmiya Sriram

15/07/2024 10:52 AM