Arunachal govt has withdrawn excess amount from RBI: Phassang

The BJP today alleged that the Arunachal Pradesh government had overdrawn an amount of Rs 581 crore till March 31 last from RBI in excess of the arrangement agreed upon violating fiscal discipline as a result of which the RBI had directed SBI to stop payments to the state government.
The RBI on April 22 last had directed SBI to stop payments to Arunachal Pradesh, BJP's Jana Andolan Committee chairman Tame Phassang told reporters at Arunachal Press Club (APC) here.
"The state is in a real trouble and the only way to bail it out from the crisis is imposition of Article 371 (H)," he said and demanded immediate resignation of Chief Minister Nabam Tuki on moral ground.

Challenging the state government to come out clear by ordering probe into the fiscal mess department wise, Phassang alleged that the chief minister by taking undue advantage of his position is hell bent to mortgage the state and taking the people to a ride.
"The congress ruled the state for nearly 40 years but the state still depends on Centre for every single rupee. Despite heavy fund flow from the Centre, the present financial scenario in the state depicts a different picture," he said.
He alleged the state government at present is having debt service liabilities of Rs 3813 crore from various market borrowing agencies and facing a burden of repayment of Rs 900 crore annually.

Phassang announced that the BJP will hold a massive public rally on May 11 at the IG Park here to highlight the "financial misdeeds" of the Congress government in Arunachal Pradesh.