Cong flays govt for raising of funds through public borrowing

Opposition Congress today flayed the Rangasamy headed AINRC government in Puducherry for 'continued resort to open market borrowing' instead of strengthening the revenue mobilisation in the Union Territory.
Addressing reporters here today the president of the Puducherry Pradesh Congress Committee A Namassivayam MLA said the government had been resorting to open market borrowing which had become a 'rule more than an exception'.
He said that when the Chief Minister had promised the people of Puducherry while finalising political alliance with the BJP during the Lok Sabha polls in 2014 with AINRC nominee R Radhakrishnan emerging victorious that with the cooperation of the Centre the cumulative loan of Rs 6000 crores due over the years to Centre from Puducherry would be written off.

But nothing had happened. The BJP led NDA government at the Centre continued to 'let down Puducherry'.
Namassivayam said that recently there was an announcement that more than Rs 100 crores would be raised through borrowing from open market. 'This showed that the revenue position of Puduchery government is not in a happy condition', he said.
Alleging that the law and order situation had deteriorated in Puducherry ever since the present AINRC government came into being he said that the incident of a ruling party MLA's car was set ablaze showed how bad is 'law and order situation'.
He also objected to the decision of the government to dispose of the temple lands to private players as this step would only defeat the intention of those who had donated the lands in the past for temples to enable them to carry on their routine religious schedules.