AP CM Jagan Mohan Reddy, to raise taxes for those 5000 crores?

If the central government hesitates to release the funds, it seems like Jagan will increase the taxes.
Written By Siddhu Manchikanti | Updated: March 16, 2020 20:17 IST
AP CM Jagan Mohan Reddy, to raise taxes for those 5000 crores?

After bifurcation, AP has experienced a huge loss. AP got partitioned with a debt of nearly Rs.1 lakh crores. In the TDP tenure, it reached up to Rs. 2 and a half lakh crores. The central will not release funds for the state. So, how this debt can be cleared?

 
The local body elections in Andhra Pradesh have been postponed by six weeks. As a preventative measure against the spread of coronavirus, elections postponed. The candidates made almost all the arrangements for the elections so far. In some cases, the YCP candidates won by unanimous approval.
 
State Election Commissioner N Ramesh Kumar said that COVID-19 posed a major challenge to public health and well-being. Using its discretionary powers, Ramesh Kumar has decided to postpone the election process. The neighboring states already declared partial shutdown of schools, commercial complexes, and other public gatherings.
 
AP CM Jagan Mohan Reddy is very much annoyed about the postponement of elections. AP experiences a great loss of about five thousand rupees due to coronavirus. The YCP government is implementing large-scale public welfare programs and schemes in the AP.
 
Jagan hoped that by the end of March this year, the AP would receive five thousand crores fund from the Central Government. But now that the AP polls postponed. The five thousand crores of funds are now running out of chances for the AP from the Central Government. So, if the central government hesitates to release the funds, it seems like Jagan will increase the taxes. Since there will be no funds from the central government, he has to collect the amount from people in the form of taxes.



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