<p>Andhra Pradesh Chief Minister Chandrababu Naidu met Union Home Minister <a href="https://www.mid-day.com/news/india-news/article/amit-shah-checks-in-on-floods-assures-central-help-23364362" target="_blank" rel="none noopener">Amit Shah</a> in Delhi on Tuesday and apprised him of the state's financial condition.</p>
<p>The meeting took place at the residence of Amit Shah.</p>
<p>In a post on X after the meeting, CM Naidu said, "Today in New Delhi, I met with the Hon'ble Union Home Minister, Shri @AmitShahJi, to apprise him of the devastating condition of finances that Andhra Pradesh had slipped into over the past five years.</p>
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Today in New Delhi, I met with the Hon'ble Union Home Minister, Shri <a href="https://twitter.com/AmitShah?ref_src=twsrc-Etfw">@AmitShah</a> Ji, to apprise him of the devastating condition of finances that Andhra Pradesh had slipped into over the past five years. I also discussed the findings of the four White Papers released, outlining the&hellip; <a href="https://t.co/xDrcOZR1jO">pic.twitter.com/xDrcOZR1jO</a></p>
&mdash; N Chandrababu Naidu (@ncbn) <a href="https://twitter.com/ncbn/status/1813272159416164722?ref_src=twsrc-Etfw">July 16, 2024</a></blockquote>
<p>
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<p><a href="https://www.mid-day.com/mumbai/mumbai-news/article/maharashtra-assembly-polls-2024-ajit-pawar-discusses-seat-sharing-with-amit-shah-ahead-of-elections-23364315" target="_blank" rel="none noopener">CM Naidu</a> added, "I also discussed the findings of the four White Papers released, outlining the staggering debt accumulated between FY 2019-24 that spiralled our State's finances out of control. Economic incompetence, gross mismanagement, and rampant corruption by the previous government have caused irreparable damage to our State."</p>
<p>"Honouring the mandate given by our people to the NDA, the Central and <a href="https://www.mid-day.com/news/india-news/article/june-25-to-be-observed-as-samvidhan-hatya-divas-in-remembrance-of-1975-emergency-declares-centre-23363238" target="_blank" rel="none noopener">State governments</a> will devise a comprehensive recovery plan and bring our State's economy back on track. We shall fulfil people's aspirations together," his post added.</p>
<p>Earlier, Andhra CM Chandrababu Naidu on Monday accused the previous Jagan Mohan Reddy government of looting natural resources, creating litigation, and exploiting lands and minerals in the state during his tenure.</p>
<p>He also claimed that forests were deforested under their administration. "We have identified records of their corruption," he added.</p>
<p>Earlier on July 9, the Andhra Pradesh government under Chief Minister Chandrababu Naidu floated a whitepaper around its power sector, where it discussed its status and raised allegations against its predecessor government under Jagan Mohan Reddy.</p>
<p>As per the whitepaper, there was a phenomenal increase in the power tariff burden among consumers, the debt of state power utilities increased, and there were losses due to inefficient governance.</p>
<p>Total loans of Andhra Pradesh power utilities increased from Rs 62,826 crore in 2018-19 to Rs 112,422 crore in 2023-24, with an increase of Rs 49,596 crore or a 79 percent increase.</p>
<p>Further, the paper also alleged that investors lost confidence and that the brand image of Andhra Pradesh was spoiled.</p>
<p>The average tariff for domestic consumers increased from Rs 3.87 per unit to Rs 5.63 per unit, a rise of 45 percent, during the Reddy government, the whitepaper noted.</p>
<p>It also noted that a delay in the commissioning of thermal power plants resulted in a total additional burden of Rs 12,818 crore.</p>
<p>It particularly mentioned the delay in the commissioning of the Polavaram Hydroelectric Project. A contract was awarded on December 6, 2017, with an expected commissioning date of May 2023.</p>
<p>Later, according to the whitepaper, the contract was terminated and the commissioning date was revised to January 2026.</p>
<p>Due to ongoing arbitration, the whitepaper asserted that it led to an expected loss of up to Rs 1,500 crore. The impact of price variation was Rs 350 crore.</p>
<p><span style="font-size: x-small;"><em>This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever</em></span></p><p>
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Total loans of Andhra Pradesh power utilities increased from Rs 62,826 crore in 2018-19 to Rs 112,422 crore in 2023-24, with an increase of Rs 49,596 crore or

CM Chandrababu Naidu meets Amit Shah in Delhi, apprises him of Andhra`s financial crisis

Akhilesh Yadav slams UP government for suspending digital attendance system in schools

Total loans of Andhra Pradesh power utilities increased from Rs 62,826 crore in 2018-19 to Rs 112,422 crore in 2023-24, with an increase of Rs 49,596 crore or a 79 percent increase

CM Chandrababu Naidu meets Amit Shah in Delhi

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