Friday, November 15, 2024

Friday, November 8, 2024

Loksatta president Jayaprakash raises alarm over Andhra Pradesh's Rs 9.64 lakh crore debt

 VIJAYAWADA: Loksatta president Jayaprakash Narayan expressed concern over Andhra Pradesh's debt, which has reached Rs 9.64 lakh crore.

Speaking at a press conference on Sunday, he stated that two-thirds of the Central funds and the State government’s revenue are directed toward interest payments an issue unique to Andhra Pradesh, where the debt burden has increased to 68%.

He criticized the previous regime for neglecting wealth creation and allowing basic infrastructure to deteriorate.

Underlining the need for the development of Amaravati as the capital, he urged that the representatives of the people focus on securing the State’s future.

The Loksatta president expressed public confidence in Chief Minister N. Chandrababu Naidu’s ability to restore financial stability to the State.

Emphasizing the need to improve educational standards, he noted that, while government spending per student is high, the final outcomes remain low, with 80% of government school students struggling with basic literacy. He suggested that a greater emphasis be placed on skill development.

He urged political leaders to avoid divisive practices and called for the development of basic infrastructure to achieve growth. Additionally, he condemned recent instances of individuals taking the law into their own hands and stressed the importance of maintaining order for a stable future.

Courtesy: https://www.newindianexpress.com/states/andhra-pradesh/2024/Nov/04/loksatta-president-jayaprakash-raises-alarm-over-andhra-pradeshs-rs-964-lakh-crore-debt

Tuesday, October 29, 2024

Loksatta Party Flood Relief Fund - JP's appeal to the civil society for generous contributions

Loksatta Party founder Dr. Jayaprakash Narayan (JP) has announced that an account has been set up on behalf of the Loksatta Party to aid the victims of the devastating floods in Andhra Pradesh and Telangana. In the statement released by JP, the details for donors to contribute their donations have been provided. Full text of the statement released by JP.

The recent rains in the Telugu states have caused unprecedented devastation, something rarely seen in the past 120 years. In times of such calamities, no matter how sincerely the government machinery works, it is also essential for all of us as a society to come forward and generously offer our support. Hence, the Loksatta Party is making its effort. Join the Loksatta Party in channeling funds from the civil society for rehabilitation and relief efforts in Andhra Pradesh and Telangana.

To contribute via UPI :

UPI ID: loksattapartyrelieffund@sbi
Account Number: 62109367386
IFSC Code: SBIN0020072
Bank: State Bank of India, Punjagutta, Hyderabad

If you wish to contribute by bank cheque:

Bank cheque in favour of : LOK SATTA PARTY
To
Post Box No.: 100; 
Post Office: Khairatabad; 
Pin Code: 500 004; 
City: Hyderabad

Please send following details.

Please be sure to send your address, email, postal address, phone number, along with a screenshot of the donation you made to 98660 74025. You will receive three documents.
1. Signed confirmation by JP
2. Receipt for your donations
3. 100% tax exemption certificate

Every rupee will be utilized accountably.

It is my responsibility to ensure that every rupee you contribute is utilized effectively. Let us focus not just on temporary relief but also on utilization of these resources for long-term flood -proofing wherever possible in AP and Telangana, setting an example for others by delivering impactful results.

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