Hyderabad: TS TD working president A. Revanth Reddy on Thursday demanded Chief Minister Okay. Chandrasekhar Rao clarify how the belongings owned by him and his relations grew even because the state’s debt elevated and borrowings touched a brand new excessive.
Chatting with newsmen right here, Mr Reddy wished to know the way may the CM say elevated borrowings will assist the state and why does the identical logic not apply to Mr Rao and his relations, whose belongings have gone up heaps and bounds over the last 2.5 years.
“KCR’s family owns a TV channel besides publications in Telugu, English and Urdu. Besides, they have farmhouses on hundreds of acres. This means that their assets are growing, while the state is plunging into debt,” he mentioned.
Mr Reddy additionally sought particulars of the state’s borrowings expenditure during the last three years. “In the name of a revenue surplus state, KCR is borrowing left, right and centre from various institutions resulting debt touching a record of Rs 1.5 lakh-crore,” he mentioned.