AP CM Jaganmohan Reddy on Saturday made a fervent plea for special status to AP at the Niti Ayog meeting chaired by PM Modi at Rashtrapati Bhavan in Delhi. He distribued an 8-page letter and a detailed report to the dignitaries and officials on the poor financial conditions in the state.
Jagan said that AP’s debts have gone up from Rs 97,000 Cr in 2014 to Rs 2.58 lakh Cr in 2019. Every year, Rs 20,000 Cr is to be paid for interest and another Rs 20,000 Cr for principal payment. There’s no industrial development in the last five years. There is no revenue earning capital city like Hyderabad.
Citing these reasons, Jagan said that special status only can make a difference to the state at this juncture. AP CM also drew comparisons to show how his state is lagging behind Telangana in per capita income, revenue generation, etc because of unjust bifurcation.
NITI ayog will not consider because they will point out the populist schemes for deficiet they did the same for CBN for loan waiver