Spin Masters Great AndhraJun 22, 2020 12:53 PM
Comptroller and Auditor General (CAG) of India has released Audit report of State of Andhra Pradesh for the financial year 2017-18. One must understand that CAG audit report is like an accountant's view of the political decisions of economic matters. There are good suggestions but sometimes there are earth shattering comments like 2 Lakh crore loss has come to GoI regarding 2G spectrum allocation, which finally Supreme court declared that it's Government decision and nothing illegal has happened and acquitted everyone involved. But in the meantime the damage was done to then ruling party because public assumed 2-Lakh crore scam has happened.
Reports like these declare who stand where in the media and 'spin' they give with their limited understanding to confuse the public. The spin master at Greatandhra.com was unleashed by their political masters in YSRCP to score some brownie points about the latest report of Andhra Pradesh. The report talked about the year 2017-18 during which the state was under TDP Government. In the eagerness to impress their YSRCP bosses, greatspinners at Greatandhra exposed their lack of understanding on how to read a report.
Coming to their reportage, they didn't deny that CBN achieved double digit growth rate, they only said it happened because of large scale borrowings. That means 4 years into CBN's ruling the bifurcated state still has good credit score to make borrowings happen. This was not bailout but borrowing. The it seems great half-minds have mistaken one for the other. Probably they don't know the borrowings of India or USA.
At one point of the report they said there is over expenditure that is the reason for borrowing and at the other point they said budget was allocated but not spent (guys! it's called Savings). How they tangled themselves into such twisted words thier political bosses should know. But as YSRCP is happy with such mediocre reportage of Greatandhra, we can only conclude they are also a mediocre party.
Just wait and watch how they glorify the CAG audit report for the year 2019-2020.