YSR Congress MP Raghu Rama Krishna Raju has advised the banks not to lend to the Andhra Pradesh government. He said the banks would face difficulties if they lend money to the government despite repeatedly violating the rules.
Speaking at a media conference in Delhi, he asked Banks not to give the Government if it requests funds via the Education Corporation. The government is trying to sell the college assets which is illegal. It’s high time the government changes its mentality,” he said.
In a way, Raghu Rama Krishna Raju is hitting the government where it hurts. So much bad PR about the bad financial condition of Andhra Pradesh is making the banks and other lenders worried. They are skeptical about lending to the state government in these situations.
The MP’s Press conference only adds to the perception against the government.