Andhra Pradesh Chief Minister Chandrababu Naidu is considering introducing the Amaravathi bonds and sell, for the procurement of the money for the Amaravathi capital construction.

Especially after taking Amaravathi capital plan into hand, Capital city construction for AP is one big target Naidu has to face with no option left.  Though the project is big, and is aware that it would take years to complete, he would have a strong weapon to face the public in the 2019 elections that, he started the construction and would complete in the near future.

Regarding this, a few of the AP state people offered gold, money and so, in the beginning. But to construct the first phase of Amaravathi, the estimated budget is Rs. 60000 crores. Procuring this range of budget from the centre is almost impossible.

It is because of analyzing the possibilities of various reasons like these, Naidu had finally came up with ‘Amaravathi bonds’ proposal. CM Naidu is offering for sale of these bonds and is also giving the tax exemptions to those who buy the bonds. 

Possibility of Amaravathi bonds, a question  

But a few of the intellectuals are opining that, how far can these Amaravathi bonds proposal works out and are raising doubts on its possibility. The reasons behind these are, in Godavari Pushkaralu arrangements, a huge corruption of Rs. 1600 crores took place for the government. If this is the position for just a few days programme, then what would be the range of corruption for a huge programme like Capital construction?  
       
Moreover, the government needs to get SEBI permissions to allot the bonds for the public. That itself is a big procedure and might take time. Along with this, there is every chance for the state to run in the debts, if it collects the funds from these type of funds. Knowing all these, the public might not come forward to buy the bonds, as there are impossibilities being spotted in open.     

Analyzing all these, it would be better, if the government takes a wise decision, with which both the public and the government too, would be in the safe position.

By Phani Ch