RK blames Naidu, comparing with Jagan

ABN CEO Radha Krishna, who is known as an ardent supporter of TDP and its Chief Chandrababu Naidu, came up with some sensational comments against Andhra Pradesh Chief Minister YS Jagan Mohan Reddy.

RK, in his weekly column “Kotha Paluku” said that AP will soon become another Venezuela, with the series of Jagan’s hasty decisions. He recollected how Venezuela economy has collapsed due to the ‘excessive welfare schemes’ implemented by those rulers and how it led to the 30 lakh people leaving the country and went in search of the livelihood to other countries.

Both Navaratnaalu and the recent proposal of providing 75% jobs to locals, will degrade state’s economy, RK said, suggesting the CM to concentrate on new industries, new investments, jobs etc. for the growth of AP.

Much to the shock, he also compared Jagan’s welfare activities with Naidu, reminding that how the TDP Chief tried to woo the voters with Pasupu Kumkuma scheme, for which he had to take Rs. 10000 crore loans, only to win in the elections.

Also read: SC issues notice, Jagan faces backlash!

If a single scheme requires Rs. 10000 crore loans, then Jagan’s number of welfare schemes, require several thousands of crores. Adding to it, none of the international banks are ready to provide loans to AP, for the kind of hasty decisions, Jagan is taking, like stopping the Amaravati works, reviewing PPAs, ordering probes on Amaravati etc. The acts of this kind are making the investors stay away from AP.

So it should be seen, whether Jagan tries to rethink on his programs and move forward with his style of governance.