All eyes are now on July 1st. Previously, on June 4th, there was considerable excitement about the election results. People across the country were eagerly awaiting the results, and in Andhra Pradesh (AP), the anticipation was particularly high. The results have now been announced, and the electorate has delivered a clear verdict.
Attention is now focused on July 1st due to a key promise made by Chandrababu Naidu. He pledged to increase pensions starting July 1st if he came to power, a major component of his campaign believed to have significantly influenced the recent voting outcome.
Naidu promised that from April 1st, the increased pension would be distributed, with Rs. 3000 allocated for April, May, and June, and Rs. 4000 in July, totaling Rs. 7000 per beneficiary. This promise has raised the hopes of many elderly people and single women who see this as crucial support.
Approximately 4 million people in the pension system are expecting this payment on July 1st. However, there is concern about whether there are sufficient funds to fulfill this promise.
The previous government, led by Jagan, had already exhausted the borrowing limits until the end of the second quarter of the financial year (September).
Therefore, it is uncertain if there will be enough money in the treasury to distribute the pensions. Everyone is eager to see how Chandrababu Naidu will manage to fulfill this important promise. Let us wait and see what transpires.
