HYDERABAD: Notwithstanding its growing debt burden, the Telangana government is now scouting for new sources for borrowing and the list of bankers include Rabobank of Netherlands.
According to the budget figures presented in the assembly last Monday, the total amount of debt crosses Rs 1.3 lakh crore, which includes Rs 83,846 crore public debt accumulated in the past two years and Rs 60,000 crore debt, the new state inherited when it formed in 2014.
However, this has not deterred the government to borrow further.
Surprisingly, a major chunk of the borrowed money, if it's cleared, would be used for the proposed pay hike for MLAs and MLCs, and for giving away sops for ministers and chief minister K Chandrasekhar Rao himself.
If the pay hike is through, the MLAs and MLCs will get over Rs four lakh a month instead of their current month y salary of Rs 96,000. This would result in over Rs 100 crore additional burden on the exchequer since beneficiaries of the pay hike include ex-legislators and widows of ormer law-makers, who get government pension.
Aren't they behaving like robber s, albeit licensed to make laws to take away whatever they want? Borrowing to pay themselves! Who will repay? The next government, which will also borrow more. In no time, Telangana will become a bankrupt state.
The Last Word
Steal.. Steal from under the noses of people in broad daylight.. Even MPs don't get that much salary
Looks lile people of Telangana is getting what they have asked for.
If we listen to the mob to bifurcate state this is the outcome.
The problem in India is plenty of mass without knowledge, it is difficult for intellectuals to convince this mob dominated democratic country and this is well known to selfish politicians. So the final outcome is evident in course of time.
Why not simply share the treasury ?
Wanna know who is Anti-National??? * the Politicians who are sowing the seeds of Hatred, Enmity, Communalism, Violence, Crony Capitalism, Creating Anti-People Policies, Shielding Culprits, Attacking Pro-People Activists, Spreading Injustice and Creating Unnecessary Controversies to distract from main issues... they are Anti-National. * the Industries who are Exploiting Natural Resources, Polluting the Environment, Destroying the Ecosystem, Occupying and Rampaging the Habitat of Aboriginal Tribals, ... Read More
Loot, to say in simplest and non-abusive terms.