Amaravati, June 27 -- Former Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy on Thursday accused the TDP-led NDA Government of lacking fiscal discipline and exceeding 50 per cent of the borrowings incurred by the previous YSRCP regime in just 13 months.
Reddy said that the Andhra Pradesh Mineral Development Corporation (APMDC) concluded the second tranche of its NCD (bond) issuance at a coupon rate of 9.3 per cent on June 25 to raise Rs 5,526 crore, taking the aggregate value of the issuance to Rs 9,000 crore.
"With this NCD issuance, the total budget and off-budget borrowings availed and secured in this 13-month period by the TDP alliance government exceeded 50 per cent of what was borrowed by (the) previous Government over a 5 year ...