Inflated GDSP Only For Loans & Kickbacks: Ambati

Hyderabad: YSRCP spokesperson Ambati Rambabu criticized that Chandrababu Naidu has been boasting of inflated GDSP rate only to secure loans which could be misappropriated. He also ridiculed AP CM's remarks on the cash prize for Nobel Prize.

Speaking to media he said Chandrababu Naidu has been claiming 12% growth rate so that the state can take 3% loan from the Centre and TDP government has urged Delhi to increase the loan component to 4%.

This is only to get more loans from the Centre which can be used by his favored few in the form of commissions. Simple observation shows that while the national GDP rate has been 7.2 %, which is disputed by international agencies, which has a back-up of 20% revenue growth the state has been staking the claim of over 12% GDSP growth without the corresponding increase in revenue. This is only to get more funds as loans which can be lavishly spent and get kickbacks, he said.

He also criticized the Chief Minister’s remarks that he would give Rs 100 crores if anyone from the state gets a Nobel Prize. Without creating infrastructure, Chandrababu Naidu announcing a purse which is more than the actual sum of Nobel Prize is ridiculous. No one would work for money as the sanctity of the Prize has some value and commitment attached to it and need not be viewed on commercial terms, he said.