Political News

AP Finance sector to face serious issues after the Budget ?

The Andhra Pradesh’s budget for the financial year 2020-21 was passed in assembly without any hurdles but was halted in the legislative council only due to the refractory nature shown by the YSRCP leaders in the council. The Currency exchange bill needs to be passed in the council for the government to withdraw even a single rupee from the treasury but the YSRCP changed their priorities at the last minute.

When TDP leaders are ready to support the bill related to budget, the YSRCP leaders said that the CRDA bill and Capital decentralization bill needed to pass at the earliest. These bills have already been sent to select committee and now, the people opine that presenting it in front of the council for the second time implies nothing but pure arrogance from the YSRCP government.

So, if the bill related to the budget won’t pass, there is no way to give the salaries for the employees and the pensions for the beneficiaries from the treasury. Yet, YSRCP insisted on those two controversial bills only to show their dominance. It would take 14 days for the bill to approve in case of lack of response from the council and even in that case the government will fall short of 2 days making the people wait for their money till July 3rd.

So, this is turning out to be a very serious issue and the analysts say that the YSRCP need to hold another session of council to avoid the unwanted uproar and the financial crisis in the state.

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