PoliticsG.GOWTHAMeditor@indiaherald.comhttps://www.indiaherald.com/ImageStore/images/politics/politics_latestnews/jagan-not-human-capital-investment-it-is-political-capital-investment43bbe5bb-c1b3-47df-984d-474b425fe4f7-415x250-IndiaHerald.jpghttps://www.indiaherald.com/ImageStore/images/politics/politics_latestnews/jagan-not-human-capital-investment-it-is-political-capital-investment43bbe5bb-c1b3-47df-984d-474b425fe4f7-415x250-IndiaHerald.jpgBy raising the state's debt beyond ten lakh crore rupees, Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has broken a record. Even in the middle of the month, the state consistently fails to pay employees' salaries and pensions. At the RBI securities auction every Tuesday, we observe that the state is first in queue to apply for loans. For instance, the state government borrowed more money than any other state in the nation in just the first 40 days of current fiscal year: 9,500 crore rupeesjagan{#}Jagan;Andhra Pradesh;Government;Reddy;Capital;CM;Telangana Chief Minister;MinisterJagan - Not Human Capital Investment, It Is Political Capital InvestmentJagan - Not Human Capital Investment, It Is Political Capital Investmentjagan{#}Jagan;Andhra Pradesh;Government;Reddy;Capital;CM;Telangana Chief Minister;MinisterSat, 13 May 2023 09:45:31 GMTBy raising the state's debt beyond ten lakh crore rupees, andhra pradesh chief minister YS jagan Mohan reddy has broken a record. Even in the middle of the month, the state consistently fails to pay employees' salaries and pensions. At the RBI securities auction every Tuesday, we observe that the state is first in queue to apply for loans. For instance, the state government borrowed more money than any other state in the nation in just the first 40 days of current fiscal year: 9,500 crore rupees.

Capital expenditures—the cost of infrastructure or anything else that will generate returns in the future—do not even have the barest minimal investment. The whole expenditure is only used to cover paying wages, pensions, and benefits. Freebies and financial indiscipline were given a chic term by the chief minister during a public meeting: "Human capital Investment." Even if the name seems classy and elegant, this does not excuse the careless borrowing or lack of financial discipline.

Even if the name seems classy and elegant, this does not excuse the careless borrowing or lack of financial discipline. Since the goal is just votebank politics, the proper term ought to be "Political capital Investment." Freebies are referred to under numerous plans to provide the appearance of Human capital Investment, but in reality, they are just injections of cash into individuals' accounts to turn them into devoted votebanks.





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Source: India Herald - G.GOWTHAM]]>