Chada accuses CM of turning State bankrupt by huge borrowings

Hyderabad, May 19 (NSS): 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. (NSS)

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