Congress wants KCR, FM booked for criminal breach of trust

Hanamkonda: Chief Minister K Chandrashekar Rao, Finance Minister E Rajender and senior bureaucrats, who manipulated budget figures, must be booked under relevant sections for their criminal breach of trust and betrayal, stated state Congress top brass.

The TPCC chief N Uttam Kumar Reddy made a detailed power point presentation, here on Thursday, on the findings of Comptroller and Auditor General (CAG) in his report pertaining financial estimates of the year 2016-17.

The CM, Finance Minister, finance secretary, financial advisors should be booked under IPC section 409. There should be public debate and a special Assembly session must be convened to discuss the findings in CAG report, he demanded.

“The constitutional authority CAG has made rather serious remarks. The report described the state’s budget figures as utter lies, fudging and cheating. And the comments reveal the intent of deceit by the TRS government,” he told the press during the presentation.

The CM, to meet his selfish ends and with his outlandish claims on the state fiscal health, has mortgaged the lives of citizens in Telangana and their children. He thrown the State into a terrible trap of debts and it will have serious and damaging ramifications in the days to come, Uttam Kumar Reddy noted.

The State during the past four years has borrowed Rs 1.80 lakh crores from open market while Rs 41,000 crore loans availed by different corporations with government guaranty, it takes total debt figure to Rs 2.21 lakh crores.

Each village has a debt of Rs 21 crore and every family Rs 2.65 lakh and each individual has a debt of Rs 63, 142.
“And this is not for the welfare of the public but to make payments to contractors and earn commissions from them. One out of three rupees of revenue earned by the government goes to pay the loans.

The State needs to pay a whopping sum of Rs 12,000 crore towards loan interest from next year onwards,” he said.
The TRS government was resorting to bad practice of depicting debts as revenue and deficit as surplus. Gross state domestic product (GSDP) figures misrepresented to increase fiscal responsibility and budget management (FRBM) limit to 3.5 per cent from 3 per cent, Congress leader noted adding and it would detrimental to State’s economy.

Alarmingly there was a 50 per cent deviation from projected figures and actual allotments while about 50 to 60 per cent of less of the allotted amount was spent on welfare and development programmes, Uttam Kumar Reddy worried.

He and the party seniors Md Shabbir Ali, K Jana Reddy and Dasoju Sravan complained that Mission Kakatiya and Mission Bhagiratha were mired by deep rooted corruption while the implementation of land purchase scheme and double bedroom housing and others was totally ineffective.