Kishan asks KCR to reveal loans taken by state

HYDERABAD: Union minister G. Kishan Reddy on Saturday demanded that Chief Minister K. Chandrashekar Rao reveal details of all the loans availed by the state government, along with loans taken by state-owned corporations and other entities.

“The Chief Minister must put these details in the public domain and come clear on how plans to repay the debts,” he said.

Addressing a press conference, Kishan Reddy asked the Chief Minister to also make public how much of the loans have been repaid and what assurances the government gave to the lenders while taking loans. “It is not just the state government. A number of government corporations have taken loans. Telangana state has been pushed into a debt-trap and the Chief Minister cannot even pay salaries on time. He is entirely dependent on GST refunds from the Centre, revenues from sale of liquor, government lands and loans from the RBI just to survive on a month to month basis,” he said.

The state, Reddy said, is in financial doldrums and the state government has no clue on how to repay the nearly six lakh crore loans taken since the formation of Telangana state.

On the state government’s plans for 21-day celebrations of ten years of Telangana, he said the state was spending money raised through loans for publicity and wasting public money for this purpose. He also slammed the government for granting land to BRS for setting up a ‘knowledge centre’ and also granting 10 acres to the Congress party in the Cantonment area.

“The government orders say that the same procedure that was employed for granting land to Congress was used to give land to the BRS. These two parties are in cahoots to grab government land at throwaway prices,” he said.