On 26 July 2024, Chief Minister Nara Chandrababu Naidu addressed the Andhra Pradesh Assembly session and said that Rs 1,940 crore worth of property was mortgaged, and around Rs 40,000 crore worth of land was grabbed under the previous YSRCP administration in Visakhapatnam.
In Visakhapatnam, the total property mortgaged during this period included:
Chandrababu Naidu also mentioned that the Rs 1,453 crore received from the Central government until March 2024, and the Rs 1,689 crore that was accumulated in PD accounts of local bodies in the last five years, were not allocated to the local bodies. Rather, they were diverted for their personal gains.
Employee savings such as pensions and PF funds of APGENCO/APTRANSCO/DISCOMS around Rs 3,143 crore were invested in APSBCL bonds for ten years, resulting in the loss of Rs 25.40 crore per annum due to the differential interest rates.
Talking about Abhaya Hastham, the Chief Minister said “Rupee by rupee, women of Dwarka accumulated almost Rs 2100 crore in their accounts which helped them to get Rs 500 pension every month, but now women are not receiving that amount as those funds were also stolen and diverted.”
According to the reports that were presented at the Assembly, by 31 March 2019, the depth of Andhra Pradesh was Rs 3,75,295 crore, and its estimation reached Rs 9,74,556 crore by June 2024.
Read also- CM announces immediate aid of Rs 3,000 each to rain-hit farmers
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This post was last modified on 27/07/2024 12:40 pm
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