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Sun, Sep 22, 2019 | Last Updated 1:31 pm IST

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Jagan Faces Uphill Task to foot the bill for Navaratnalu

Jagan Faces Uphill Task to foot the bill for Navaratnalu
Jagan Faces Uphill Task to foot the bill for Navaratnalu
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YSR Congress government in Andhra Pradesh faces an uphill task of raising the additional resources to pool in the series of sops announced during last two-and-half months needing a whopping Rs 50,000 crore. But the State Government is already suffering from a Revenue Deficit of 45000 Crore. To meet the resources, the state government has set different start dates for various welfare schemes so as to ease the burden.


On the other side, analysts say that the government has taken controversial decisions like reserving 75 percent jobs for locals in all industries, review of Power Purchase Agreements and terminating one of the contracts for Polavaram project which has affected the confidence of the investors and is also likely to impact the efforts to generate revenues.


With development of state capital Amaravati no longer a priority for the government and the works awarded to various companies coming to a halt, investors may be reluctant to put in their money. Even though, Chief Minister, YS jagan Mohan Reddy is trying to stay in the good books of the Central Government. The latter is in no mood to assist the State Government in any way.


Jagan Faces Uphill Task to foot the bill for Navaratnalu
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Nimisha is a typical Hyderabadi who raves about food and films. Formerly a Techie employed with Satyam, she writes about cinema since eight years and as for the other passion, she is a popular food blogger. She completely took her passion as work post the Satyam fiasco. Besides food and films, she is also fascinated to history and cricket.