Jagan Mohan Reddy hits out at TDP-led Andhra govt for lack of fiscal discipline
Amaravati, June 26 (SocialNews.XYZ) YSR Congress Party President and former Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy, on Thursday, criticised the Telugu Desam Party-led NDA government for what he called lack of fiscal discipline and disregard for the constitutional framework. He alleged that the Andhra Pradesh Mineral Development Corporation (APMDC) non-convertible debentures (bonds) were issued at a coupon (interest) rate of 9.3 per cent, which is 2.6 per cent higher than the prevailing state development loan (SDL) rates.