Financial Daily from THE HINDU group of publications
Thursday, Feb 05, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Economy


`People's Report' flays AP Govt

Our Bureau

Hyderabad , Feb. 4

THE Forum to Save Andhra Pradesh from World Bank, has released the first in the series of "People's Progress Reports", criticising the State Government for what it termed as `failure on all fronts.'

The forum, formed by Dr P.V.R. Bhaskara Rao, a cardio-thoracic specialist, and Prof. K R Chowdhary and an economic columnist Mr V. Hanumantha Rao, alleged that the total loans taken by the Government would go up to Rs 72,000 crore in the next two years.

"The Government has reportedly taken loans to the tune of Rs 12,000 crore from the World Bank alone, even as the total loan burden has gone up to Rs 57,000 crore," the 12-page report said.

Criticising the Chief Minister, Mr N. Chandrababu Naidu, for making hollow promises on attracting investments into the State, the report said the Government had miserably failed in this aspect. "During 1970s and 1980s, the State used to be a front-runner as far as industrialisation is concerned. But the then Telugu Desam Government had neglected the power sector, a key component in the industrial infrastructure. This has resulted in decline in the segment," the report said.

"The Government has set up a separate department to close down several public sector units. Thousands of small-scale units are being shut down," Mr Hanumantha Rao said.

Accusing the World Bank for its "designs" to shift the focus of Indian agriculture to commercial crops, the report felt that the bank's plan also included taking control of public sector undertakings once the Government disinvested its stake.

Touching upon other aspects, the report said the State fared badly on providing drinking water, public distribution system and unemployment. "Keeping aside who are below the age of 15 and above 60 years, one in every 13 people in the State are unemployed," the report said.

More Stories on : Economy | Andhra Pradesh

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Award for Ranjana Kumar


Mini-Budget signals good intentions: S&P
NDA violating Constitution, says Sonia
Interim Budget — Feel-good factor is undercurrent
`BPO area left untouched'
Farm sector growth no longer linked to foodgrains output
India must not follow US economic model: Sachs
`Public services must be provided cost-effectively'
Turnaround in financial position, says TN Governor
`People's Report' flays AP Govt
Cabinet okays signing of BIMST-EC pact
Cent Am team pitches for investments, tie-ups
Meet on critical care services
Pharma majors to slug it out on the cricket field
Bangalore Plastasia `will turn focus on South'
Service tax mop-up rises 68.19 pc in Apr-Dec
`More clarity needed on BPO tax issue'
Spinners' body condemns waste cotton price hike
BEL launches set-top boxes
Prasad urges Pak not to block Indian content
JPC report upholds CSE findings
Cola cos defend their products
Plan for 6 new AIIMS: What's in it for us?
This century belongs to biology: Ambani
Marble testing lab planned at Jaipur
Funds released for `Swadhar'
ICAI told to allow free maraket regime
National meet on meteorology, oceanography
In Hyderabad today
Jaswant's promise on MF schemes' dividend tax waiver
Sales to non-defence segment likely to touch Rs 944 cr
Exports of coir products up
UCO Bank reduces export credit rates
Tourist centre inaugurated in Thiruvananthapuram



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line