The president of the PAC asks the government. disclose bank loan details
A day after Finance Minister Buggana Rajendranath Reddy denied claims by Chairman of the Public Accounts Committee (PAC) Payyavula Keshav that amounts over 41,000 crore had still not been accounted for, the latter asked the government to provide details of bank loans it has received. .
The TDP chief wrote a letter to SS Main Secretary (Finance) SS Rawat in this regard on Wednesday.
Referring to Mr. Rajendranath’s assertion that the government was ready to provide the information requested by PAC, Mr. Keshav inquired whether the Andhra Pradesh Development Corporation had received any loans. If so, the details of it.
“Provide information on the loans the Company has received from various banks. Also provide a copy of the agreements made with the banks. What was the government guarantee given to these loans? Please also provide a copy of the information submitted to the Assembly regarding government loans and guarantees, ”Keshav said in his letter.
The TDP chief, however, did not request any information regarding the 41,000 crore.
Meanwhile, TDP MLC Ashok Babu said the finance minister dodged a straightforward answer as to “why did their government bypass the treasury account?” “.
A war of words has taken place between the government and opposition parties over the letter from the Senior Accountant General to the government regarding the expenditure of 41,000 crore. Mr Keshav recently met Governor Biswa Bhushan Harichandan and submitted a memorandum urging him to take the necessary steps for a full audit by the Comptroller and Auditor General (CAG). He alleged that there were no vouchers, receipts and invoices for 41,043.08 crore spent by the government.
The finance minister, however, said there were records for all government spending. He even blamed the Comprehensive Financial Management System (CFMS) introduced under the previous TDP government for the “confusion”.