Wednesday, February 28, 2024

Tripura accused of interest accumulation

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Agartala: The Tripura Government has been accused of illegally accumulating interest from the Central assistance by depositing the money in Treasury bill accounts at Reserve Bank of India.

According to official estimate, an amount of Rs 200 crore interest was earned by the state in the past five years as the money, allocated under various Centrally-sponsored projects, was not spent in time.Leader of the Opposition Ratan Lal Nath alleged that because of financial indiscipline, the state had been re-paying loan of Rs 2.58 crore, including Rs 1.2 crore as interest every day, and on the other hand, the state government was engaged in interest business with peoples’ money.

“In the entire 25-year rule of five chief ministers, Tripura had secured a loan of Rs 850 crore but in 19-year rule of the Left Front Government headed by Manik Sarkar, the government owed Rs 6998.9 crore,’ Mr Nath said.

He mentioned this while adding that some amount of the loan money had been deposited to earn interest.

“Mathematical calculation shows, from this total outlay each of the citizen of the state should get benefit of Rs 1.15 lakh but practically it is not happening and as a result, 66 per cent of the people living below the poverty line and the state government’s statistics shows the figure is increasing every year,” Mr Nath argued.

Flaying the state government, he also alleged that the fund allocated under various Centrally-sponsored projects had been siphoned off by the ruling party leaders and cadres and presently, corruption became rampant among them. (UNI)

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