TRS And BJP Betrayed Telangana State: Uttam
Hyderabad, March 1 (Maxim News): Telangana Pradesh Congress Committee (TPCC) President N. Uttam Kumar Reddy has alleged that both TRS and BJP have betrayed Telangana State by sabotaging its economy and ruining the careers of lakhs of youth.
Addressing a meeting with the leaders of all Frontal, Departments and Cells of TPCC at Gandhi Bhavan on Monday in connection with MLC elections, Uttam Kumar Reddy said that both TRS and BJP have done utter injustice with Telangana State ever since they came to power in 2014. He said the wrong policies of TRS and BJP Governments have pushed Telangana into a huge debt trap while eroding lakhs of jobs and future opportunities. Both the parties have turned Telangana into a ‘crisis State’ so as to extract political benefits.
Uttam Kumar Reddy said that non-judicious spending of public money has pushed Telangana State into a huge debt trap with the State now having debts of nearly Rs. 3.5 Lakh Crore. “On an average, TRS Govt borrowed loans of Rs. 50,000 Crore every year at very high interest rates.
This money was spent on projects that could fetch commission/kickbacks for TRS leaders,” he alleged adding that the future generations of Telangana would be forced to repay these loans and high interest for the next two decades. He said that the TRS Govt has misused the resources of Telangana to benefit the family of Chief Minister K. Chandrashekhar Rao. Similarly, the BJP Govt at the Centre has aggravated the situation by not releasing adequate funds for Telangana. The neglect of BJP Govt and financial recklessness of TRS Govt has turned Telangana into a bankrupt State. (Maxim News)