Chada accuses CM of turning State bankrupt by huge borrowings

Hyderabad: CPI Secretary Chada Venkat Reddy today alleged that the TRS government turned the State bankrupt by borrowing huge loans in the name of executing developmental works.
In a pressnote here today, Venkat Reddy demanded that the State government release a white paper on the development works and flagship programs with details of the money spent. He also criticized Chief Minister K Chandrashekhar Rao for selling Rs 2,000 crore bonds for Mission Bhagiratha. He attributed the bonds to bankruptcy of the government.

The huge loans are burden on the people, he said.


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