Centre says Telangana 'Near Bankruptcy, Can't Pay Back Fresh Loans'
1 year, 3 months ago

Centre says Telangana 'Near Bankruptcy, Can't Pay Back Fresh Loans'

Deccan Chronicle  

Hyderabad: The Centre has arrived at the opinion that the state government is near bankrupt and may no longer be able to service fresh loans, Union power minister Raj Kumar Singh said on Thursday. Addressing a press conference and answering questions on the centrally owned Power Finance Corporation not disbursing a loan sought by the state government for the 4,000 Mega Watt Yadadri Thermal Power Station, Singh said, “the loan sanction and disbursal was held back because Telangana’s finances are so bad that it cannot pay back the loans.” Of the Rs 29,965-crore project, the loan component is Rs 16,070 crore from Rural Electrification Corporation, and Rs 4,009 crore from the PFC. Our information is that Telangana is near bankruptcy.” Singh was accompanied by Union minister and state BJP president G. Kishan Reddy at the press meet. He said that in the last ten years, the PFC and REC approved Rs 1,10,000 crore and Rs 1,57,306 crore as loans for Telangana of which, Rs 91,000 crore was disbursed by the PFC and Rs 1,37,606 crore were disbursed by the REC.

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History of this topic

Revanth Reddy mortgaging Telangana's future for loans: K Kavitha on Musi project
1 week ago

Revanth Reddy mortgaging Telangana's future for loans: K Kavitha on Musi project

India Today  

Bharat Rashtra Samithi MLC K Kavitha accused the Revanth Reddy-led Congress government in Telangana of providing false and contradictory statements about the Musi Riverfront Development Project. Kavitha highlighted discrepancies in the government’s claims, pointing out a timeline of events: on September 19, the government submitted a proposal to the World Bank, referencing a Detailed Project Report, on October 4, it …

Ready for debate on state finances: Telangana Finance Minister Bhatti Vikramakra
1 week, 2 days ago

Ready for debate on state finances: Telangana Finance Minister Bhatti Vikramakra

New Indian Express  

KHAMMAM: Slamming the previous BRS government for allegedly pushing Telangana into a debt trap during its decade-long rule by raising loans in the name of various projects, Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramakra on Sunday said that the government was ready for a debate on the issue in the winter session of the state Legislative Assembly, which …

Telangana not 'rising' but falling, Revanth full of lies: KTR
2 weeks, 6 days ago

Telangana not 'rising' but falling, Revanth full of lies: KTR

Deccan Chronicle  

HYDERABAD: BRS working president K.T. Rama Rao on Wednesday stated that the single biggest “achievement” of Chief Minister A. Revanth Reddy was to constantly sling mud at his opponents. Addressing a press conference at Telangana Bhavan, the BRS headquarters, Rama Rao said that instead of meaningless rhetoric and abuse of the Opposition, Revanth Reddy should inform people of what service …

TG Govt Faces Debt Crisis: Interest Payments Surpass Salary Bill
1 month ago

TG Govt Faces Debt Crisis: Interest Payments Surpass Salary Bill

Deccan Chronicle  

Hyderabad: The state government is grappling with a severe financial crisis as the burden of repaying loans and the interest has surpassed its expenditure on salaries and pensions. The government now allocates over Rs.5,000 crore per month for debt servicing, compared to Rs.3,000 crore towards salaries to three lakh employees and 1.5 lakh pensioners. Data obtained from the finance department …

Farmers to receive assistance under Rythu Bharosa after completion of crop loan waiver: Telangana Agri Minister
2 months, 2 weeks ago

Farmers to receive assistance under Rythu Bharosa after completion of crop loan waiver: Telangana Agri Minister

The Hindu  

Minister of Agriculture, Tummala Nageswara Rao, reiterated Telangana government’s commitment to complete the Crop Loan Waiver Scheme, ensuring that every eligible farmer will benefit. He also mentioned that Rythu Bharosa assistance would be provided to farmers after the crop loan waiver is completed. Accusing Opposition parties of unnecessary criticism, the Minister noted that the loan waiver process was ongoing and …

Telangana: Revenue deficit soars to Rs 11,328 crore by July-end
3 months ago

Telangana: Revenue deficit soars to Rs 11,328 crore by July-end

New Indian Express  

HYDERABAD: The state government is facing a significant revenue deficit. In the first four months of the 2024–25 financial year, as of July-end, the deficit stood at Rs 11,328.5 crore, which is 3,808.92% higher than Budget estimates. From April to July, the state recorded Rs 47,712.69 crore in revenue receipts, excluding borrowings, while revenue expenditure totalled Rs 59,041.19 crore. Tax …

Telangana govt. faced with daunting task of payment of principal and interest on loans obtained by BRS govt.
3 months, 2 weeks ago

Telangana govt. faced with daunting task of payment of principal and interest on loans obtained by BRS govt.

The Hindu  

The State government is faced with a challenging task of raising financial resources for repayment of principal and interest on loans obtained from different financial institutions for the much-publicised Kaleshwaram lift irrigation project. The government obtained high interest loans of over 10% from the PFC and REC with repayment of majority of the loans ending by 2035, according to the …

Telangana urges centre to restructure high-interest loans
4 months ago

Telangana urges centre to restructure high-interest loans

New Indian Express  

HYDERABAD: Deputy Chief Minister Mallu Bhatti Vikramarka on Saturday urged the Centre to restructure the loans raised by various corporations of the state and Special Purpose Vehicles through Off-Budget Borrowings. Vikramarka called on Union Finance Minister Nirmala Sitharaman in Delhi and broached the subject of the loans raised by the state government via SPVs through OBB to fund crucial irrigation …

Bhatti urges to Centre on Telangana's debt burden
4 months ago

Bhatti urges to Centre on Telangana's debt burden

Deccan Chronicle  

Hyderabad: Deputy Chief Minister Mallu Bhatti Vikramarka urged Union finance minister Nirmala Sitharaman to address several pressing financial concerns faced by the state. During a meeting in Delhi on Saturday, Bhatti in presented a report on the state’s financial situation and requested the Union minister's intervention in various matters, particularly those related to Centrally- Speaking to media personnel after the …

TG govt failed to waive loans in full: Kishan Reddy
4 months, 3 weeks ago

TG govt failed to waive loans in full: Kishan Reddy

Deccan Chronicle  

HYDERABAD:Union minister and BJP state president G. Kishan Reddy on Wednesday said the Telangana government has failed to keep its promise of waiving farm loans up to Rs 2 lakh. The party launched a poster questioning the action of the state government with regard to farmers and launched a helpline – 8886100097 through which the Congress will gather details of …

Telangana: Farmers Elated Over 2nd Phase of Loan Waiver
4 months, 3 weeks ago

Telangana: Farmers Elated Over 2nd Phase of Loan Waiver

Deccan Chronicle  

NIZAMABAD: A festive atmosphere prevailed across the Nizamabad district as farmers celebrated the second phase of crop loan waiver under which loans from Rs 1 lakh to Rs 1.5 lakhs will be waived by the state government on Tuesday. Collector Rajiv Gandhi Hanumanthu, along with farmers in the presence of elected representatives, formally launched the second phase of the scheme …

Telangana: CM Revanth Reddy announces to waive farm loans of up to Rs 2 lakh by August
4 months, 3 weeks ago

Telangana: CM Revanth Reddy announces to waive farm loans of up to Rs 2 lakh by August

India TV News  

Telangana Chief Minister A Revanth Reddy on Sunday said that the state government would waive off the farm loans of up to Rs 2 lakh by August. Speaking at a public meeting at Kalwakurthy, Nagarkurnool, Telangana CM Reddy said, "We have already waived farm loans up to Rs 1 lakh. Reddy remembers late Congress leader S Jaipal Reddy Praising late …

Telangana govt presents ₹2.91 lakh-cr budget, agriculture gets lion’s share
4 months, 4 weeks ago

Telangana govt presents ₹2.91 lakh-cr budget, agriculture gets lion’s share

Hindustan Times  

Telangana finance minister Mallu Bhatti Vikramarka on Thursday presented a ₹2.91 lakh crore state budget for 2024-25 in the assembly, with the total revenue expenditure expected to be ₹2.21 lakh crore and capital expenditure ₹33,487 crore, even as the Congress-led government allocated major chunk to agriculture, panchayati raj and rural development and irrigation departments. Stating that the Congress-led state government …

Telangana CM Revanth calls for national-level debate on crop loan waiver
5 months, 1 week ago

Telangana CM Revanth calls for national-level debate on crop loan waiver

The Hindu  

Chief Minister A. Revanth Reddy urged for a national-level discussion on loan waivers, noting that no other State in the country has waived loans amounting to ₹31,000 crore in a single installment, and urged MPs to highlight this welfare initiative in Parliament. Announcing that the waiver of crop loans up to ₹1 lakh will be completed by 4 p.m. tomorrow, …

Telangana Government to credit ₹1 lakh into loan accounts of farmers under Crop Loan Waiver Scheme 2024
5 months, 1 week ago

Telangana Government to credit ₹1 lakh into loan accounts of farmers under Crop Loan Waiver Scheme 2024

The Hindu  

As the stage is being set for the roll put of the crop loan waiver scheme, Telangana Government is making necessary arrangements to credit the amounts into loan accounts of farmers in different banks. ₹31,000 crore additional burden The total additional burden on the State exchequer on account of loan waiver up to ₹2 lakh, in Chief Minister A. Revanth …

Former Agriculture minister Niranjan Reddy urges Telangana govt. to waive crop loans unconditionally
5 months, 1 week ago

Former Agriculture minister Niranjan Reddy urges Telangana govt. to waive crop loans unconditionally

The Hindu  

Former Agriculture Minister Singireddy Niranjan Reddy has urged Telangana government to waive crop loans unconditionally and provide financial aid under the Rythu Bharosa scheme to support farmers owning land up to five acres. Speaking to the media at Telangana Bhavan in Hyderabad on Wednesday, he said, “While Chief Minister A. Revanth Reddy claims there are no conditions, the guidelines have …

Telangana: CM Revanth Reddy announces farm loan waiver implementation from July 18
5 months, 1 week ago

Telangana: CM Revanth Reddy announces farm loan waiver implementation from July 18

India TV News  

Telangana Chief Minister Revanth Reddy on Tuesday announced that the farm loan waiver will be implemented from July 18. Congress promised loan waiver during assembly polls It is pertinent to note that farm loan waiver was one of the major promises made by the Congress party, apart from six guarantees, in the run-up to last year's assembly polls. BJP slams …

Telangana government to spend Rs 31,000 crore to waive off farmer loans up to Rs 2 lakh
6 months ago

Telangana government to spend Rs 31,000 crore to waive off farmer loans up to Rs 2 lakh

India TV News  

The Congress government in Telangana decided to waive loans of farmers to the tune of Rs 2 lakh by spending Rs 31,000 crore to implement its election promise today. Congress govt to spend Rs 31,000 cr Revanth Reddy said while the previous BRS government, in its two terms between 2014 and 2023, waived loans of up to Rs 28,000 crore, …

Drought Because of Congress’ Policies: KTR
8 months, 3 weeks ago

Drought Because of Congress’ Policies: KTR

Deccan Chronicle  

Karimnagar: Former minister and BRS working president K.T. Rama Rao alleged that the farmers in the state were facing a lot of hardships because of the policies adopted by the Congress government. Noting that the BRS government had successfully provided irrigation water same time last year, he questioned, why Chief Minister A. Revanth Reddy was not able to do the …

Telangana Deputy CM Bhatti: Took Finance Ministry as a Challenge
1 year ago

Telangana Deputy CM Bhatti: Took Finance Ministry as a Challenge

Deccan Chronicle  

Hyderabad: Deputy Chief Minister and finance minister Mallu Bhatti Vikramarka reviewed the financial condition of the state with officials at the Secretariat soon after Chief Minister A. Revanth Reddy allocated him the portfolio on Saturday. Bhatti said that the Telangana government has a debt burden of nearly Rs 5.50 lakh crore and despite which he had accepted the responsibility of …

Former A.P. Finance Minister Yanamala Ramakrishnudu seeks clarification on CAG’s findings on State’s fiscal position
1 year, 4 months ago

Former A.P. Finance Minister Yanamala Ramakrishnudu seeks clarification on CAG’s findings on State’s fiscal position

The Hindu  

Former Finance Minister and TDP Politburo member Yanamala Ramakrishnudu wrote a letter to Special Chief Secretary S.S. Rawat on August 23, seeking a clarification whether the recent findings of the Comptroller & Auditor General of India on the State’s financial position in FY 2021-22 reflect the true picture. He stated that two inevitable conclusions could be drawn from the CAG’s …

Telangana Government's Investment in Medical Education to Boost Doctor Numbers
1 year, 4 months ago

Telangana Government's Investment in Medical Education to Boost Doctor Numbers

Deccan Chronicle  

HYDERABAD: The state government spends Rs 30 lakh on each MBBS student before he or she leaves the college with a degree, Rs 45 lakh on each postgraduate student, and Rs 75 lakh on each medical student pursuing a superspecialty, health minister T. Harish Rao informed the Assembly on Saturday. Palm oil cultivation is on the upswing and, on an …

AP Exhausted 97.4% of Credit Limit under RBI: TD
1 year, 4 months ago

AP Exhausted 97.4% of Credit Limit under RBI: TD

Deccan Chronicle  

Vijayawada: National spokesman of Telugu Desam, Kommareddy Pattabhiram on Sunday tore into the Chief Minister Y.S. Jagan Mohan Reddy-led Andhra Pradesh government, saying it had already exhausted 97.4 per cent of its credit limit under the Reserve Bank of India. He said at Rs 40,000 crore, Tamil Nadu had borrowed more than AP this financial year but it was okay …

Centre Not Giving Telangana Anything? Think Again, says Kishan Reddy
1 year, 6 months ago

Centre Not Giving Telangana Anything? Think Again, says Kishan Reddy

Deccan Chronicle  

Hyderabad: Union minister G. Kishan Reddy on Saturday held a nearly three-hour-long presentation to debunk claims by the state government and BRS that the Centre had done little for Telangana. In his presentation, titled ‘Government of India Contribution Towards Development of Telangana’, Kishan Reddy said every sector in the state had received Central assistance in some form or the other, …

Telangana's power utilities drowning in debt, losses: Konda Vishweshwar Reddy
1 year, 6 months ago

Telangana's power utilities drowning in debt, losses: Konda Vishweshwar Reddy

Deccan Chronicle  

HYDERABAD: Telangana’s power sector utilities are groaning under heavy debt and Chief Minister K. Chandrashekar Rao must explain where the money to pay for free power to farmers is coming from, BJP senior leader and former MP Konda Vishweshwar Reddy said on Tuesday. Addressing a press conference, he said the two power distribution companies in Telangana had piled up losses …

Kishan Reddy Criticises Telangana Government at Formation Day Celebrations
1 year, 6 months ago

Kishan Reddy Criticises Telangana Government at Formation Day Celebrations

Deccan Chronicle  

Hyderabad: Union minister G. Kishan Reddy slammed the BRS government at the Central government’s State Formation Day celebrations here on Friday but declared that his criticism of the BRS government should not be viewed as a political speech but as a reflection of angst, anger, and deep sense of disappointment among the people over how Telangana was governed over the …

TS Debts Skyrocket Under BRS Govt, Saddling Each Child with ₹1.25 L Debt: Congress
1 year, 6 months ago

TS Debts Skyrocket Under BRS Govt, Saddling Each Child with ₹1.25 L Debt: Congress

Deccan Chronicle  

Karimnagar: At the time of the formation of Telangana, the state had only ₹50,000 crores of debts but in the past nine years of ruling of the BRS government, its debts have increased to ₹5.5 Lakh crore, saddling each child born in the state with ₹1.25 lakh debt, alleged Congress senior leader and MLC T. Jeevan Reddy on Sunday. He …

Centre permits TS to borrow Rs 12,500 crore in Q1 of FY 2023-24
1 year, 8 months ago

Centre permits TS to borrow Rs 12,500 crore in Q1 of FY 2023-24

Deccan Chronicle  

Hyderabad: The Centre has permitted Telangana state government to borrow Rs 12,500 crore through auction of bonds in the first quarter of the new fiscal. Due to the restrictions imposed by the Centre on the loans, the state government could not borrow nearly Rs 14,000 crore that was provisioned in the Budget in the 2022-23 fiscal, which ended on Friday. …

Learn from your Chhattisgarh counterpart, Uttam tells KCR
1 year, 9 months ago

Learn from your Chhattisgarh counterpart, Uttam tells KCR

Deccan Chronicle  

HYDERABAD: Emphasising the way Congress-ruled states like Chhattisgarh were implementing welfare schemes better than in Telangana, former PCC chief N. Uttam Kumar Reddy and other leaders urged Karimnagar voters to ensure the party's win in the upcoming Legislative Assembly elections. Addressing a public meeting at Karimnagar, the Lok Sabha member said that Chief Minister K. Chandrashekar Rao should be ashamed …

Outstanding debt of Telangana stands at Rs. 2.83 lakh crore: Centre
1 year, 10 months ago

Outstanding debt of Telangana stands at Rs. 2.83 lakh crore: Centre

Deccan Chronicle  

HYDERABAD: The total outstanding debt of Telangana from the years 2014-15 to 2021-22 stands at Rs. 2.83 lakh crore, Union minister of state for finance Pankaj Chaudhary informed the Lok Sabha. Responding to a question from Congress member N. Uttam Kumar Reddy, Chaudhary said that there was a Rs. The borrowers include Telangana Drinking Water Supply Corporation Ltd, Telangana State …

Telangana thriving despite Centre creating hurdles: Finance Minister T Harish Rao
1 year, 10 months ago

Telangana thriving despite Centre creating hurdles: Finance Minister T Harish Rao

New Indian Express  

Harish Rao said that another glaring instance of discrimination to Telangana is the order issued by the Ministry of Power in August, 2022 which directed the Telangana government to pay pending dues of TS DISCOMs amounting to Rs 3,441.78 crore as principal and Rs 3,315.14 crore as late payment surcharge, totalling Rs 6,756.92 crore to AP Genco within 30 days. …

KCR’s misrule pushed state into debt trap: Rajendar
1 year, 10 months ago

KCR’s misrule pushed state into debt trap: Rajendar

Deccan Chronicle  

Hyderabad: BJP MLA Etala Rajendar alleged that the misrule of Chief Minister K. Chandrasekhar Rao threw the prosperous Telangana state into a debt trap. When Telangana state was formed, the state’s debts were Rs 77,000 crore and now it has reached Rs 5 lakh crore, he alleged. Rama Rao and T. Harish Rao are spreading false propaganda of Rs 100 …

Centre approves Rs 6,500 cr loans for TS, Rs 12,000 cr for AP
1 year, 11 months ago

Centre approves Rs 6,500 cr loans for TS, Rs 12,000 cr for AP

Deccan Chronicle  

Hyderabad: In further relief to the Telangana state government, the Centre on Monday allowed it to raise Rs 6,572 crore loans through auction of bonds for the last quarter of the financial year, January-March 2022-23. The TS government has already garnered Rs 29,500 crore through the auction of bonds by the Reserve Bank of India in the first nine months …

‘Selfish’ KCR pushed state into bankruptcy: Bandi
2 years ago

‘Selfish’ KCR pushed state into bankruptcy: Bandi

Deccan Chronicle  

JAGTIAL: The bankrupt coffers of the state government were acting as a deterrent when it came to attracting investments as investors lacked confidence in the K. Chandrashekar Rao government’s ability to manage its finances, state BJP president Bandi Sanjay Kumar has said. Speaking to Deccan Chronicle on day 15 of his Praja Sangrama Yatra here on Monday, Sanjay said that …

Cash-strapped Telangana govt asks staff to cut expenses
2 years ago

Cash-strapped Telangana govt asks staff to cut expenses

Deccan Chronicle  

Hyderabad: The state government is most likely to ask all departments to cut their expenditure by 30 to 50 per cent in the remaining four months of this fiscal, till March 31, in the wake of a huge shortfall in fund mobilisation. Official sources said the finance department had started reworking allocations to the departments in the wake of Chief …

Centre orders Telangana to pay Rs 6,756 cr in power dues to AP
2 years, 3 months ago

Centre orders Telangana to pay Rs 6,756 cr in power dues to AP

Deccan Chronicle  

Hyderabad: A fresh row has erupted between Telangana and Andhra Pradesh on the issue of power supply bills, following an order to Telangana from the Union Ministry of Power on Monday. The ministry said the orders followed representations from Andhra Pradesh over the dues owed by Telangana for power purchases made between June 2, 2014, and June 10, 2017. This …

Centre directs Telangana to pay power dues to A.P.
2 years, 3 months ago

Centre directs Telangana to pay power dues to A.P.

The Hindu  

In a major relief to Andhra Pradesh, the Government of India has ordered Telangana to pay the power dues to A.P. The Government of India in exercise of powers under section 92 of the AP Reorganisation Act, 2014, ordered that Telangana State should pay Rs.3,441.78 crore, and late payment surcharge of Rs. The government also ordered that the existing Power …

KCR guides state officials in Delhi
2 years, 4 months ago

KCR guides state officials in Delhi

Deccan Chronicle  

Hyderabad: For three days, Chief Minister K. Chandrashekar Rao has been camping in Delhi along with top officials and TRS MPs, reviewing pending funds and projects concerning Telangana. The CM is reportedly guiding Telangana officials in Delhi to pursue pending cases and fund releases with the Centre, and succeeding in getting the Centre’s nod for the same, official sources said. …

Uttam accuses KCR of making Telangana bankrupt
2 years, 4 months ago

Uttam accuses KCR of making Telangana bankrupt

Deccan Chronicle  

HYDERABAD: Congress MP N. Uttam Kumar Reddy accused Chief Minister K. Chandrashekar Rao of transforming Telangana into a bankrupt state while increasing the per capita debt by almost five times. Uttam Kumar Reddy said Union finance minister Nirmala Sitharaman, in a written reply to a question raised in the Lok Sabha on Monday, revealed that some states had bypassed the …

Will bring development back on track, vows Bandi
2 years, 5 months ago

Will bring development back on track, vows Bandi

Deccan Chronicle  

HYDERABAD: Telangana BJP president Bandi Sanjay launched the party’s ‘Janam Gosa, BJP Bharosa’ bike rally in Siddipet, Chief Minister K. Chandrashekar Rao’s and Health Minister Harish Rao’s home turf, accusing the ruling TRS government of failing to deliver on promises made to the Telangana state, while asserting that if voted to power, his party will bring development back on track. …

Telangana faces cash crunch, sends SOS for Rs 14,000cr
2 years, 6 months ago

Telangana faces cash crunch, sends SOS for Rs 14,000cr

Deccan Chronicle  

HYDERABAD: The finance department is learnt to have sent an SOS to the state government to bring to its urgent notice the precarious financial condition being faced because of the Centre stopping loans to Telangana since April. According to official sources, the finance department has alerted the Chief Secretary’s Office and the Chief Minister’s Office on the urgent need for …

Central government yet to respond to Telangana government’s request to raise funds through open market borrowings
2 years, 7 months ago

Central government yet to respond to Telangana government’s request to raise funds through open market borrowings

The Hindu  

The Central government is yet to respond to the Telangana government’s request to raise funds through open market borrowings via the Reserve Bank of India. The crux of the matter pertains to: a) the Comptroller and Auditor General of India expressing concerns over the State’s off-budget borrowings; and b) the Union Finance Secretary raising serious questions over Telangana’s borrowings in …

Telangana govt creating problems to farming sector, says Congress
2 years, 9 months ago

Telangana govt creating problems to farming sector, says Congress

Deccan Chronicle  

Jagtial: The Telangana government is creating serious problems to the farming sector in the state and trying to deceive the farmers with a promise of waiving of farm loan above Rs 75,000, Congress leader and MLC Jeevan Reddy said on Monday. Because of the warning given by the TRS government to farmers against cultivating paddy crop, more than 50 per …

Telangana borrowed Rs 2.4 lakh crore in 8 years
2 years, 9 months ago

Telangana borrowed Rs 2.4 lakh crore in 8 years

Deccan Chronicle  

Hyderabad: The total loans taken by the state government from June 2014 up to February are at Rs 2,41,395 crore. NCDC loans were utilised for sheep and goat development cooperative federation for distribution of sheep and goat while Hudco loans were utilised for construction of 2BHK houses for the poor through TS Housing Corporation Ltd. Power bods/ Uday scheme loans …

Telangana government raised ₹2.41 lakh crore loans since its formation
2 years, 9 months ago

Telangana government raised ₹2.41 lakh crore loans since its formation

The Hindu  

The State has borrowed ₹2.41 lakh crore in the form of loans from various agencies since its formation in 2014-15. Loans from the open market constituted the major chunk of borrowings at ₹2.18 lakh crore while money raised from power bonds/UDAY scheme was pegged at ₹8,923 crore. The Central government allowed additional borrowings of ₹1,435 crore in 2019-20 for relief …

Telangana Govt Committed to its Farm Loan Waiver Promise During Covid-19, Says KTR
3 years, 4 months ago

Telangana Govt Committed to its Farm Loan Waiver Promise During Covid-19, Says KTR

News 18  

The Telangana government is committed to clear farm loans and push for more agriculture production in the state, Municipal and Industries Minister KT Rama Rao on Saturday claimed. He said that the government is committed to relieve the farmers of crop loans taken up to Rs 1 lakh. Rao, also known as KTR, has said that they kept the loan …

TS debt will cross ₹6 lakh crore: Vikramarka
4 years, 5 months ago

TS debt will cross ₹6 lakh crore: Vikramarka

The Hindu  

Congress Legislature Party leader Mallu Bhatti Vikramarka has questioned the spree of loans being raised by the government and feared the total debt of Telangana would cross ₹6 lakh crore by the end of this government’s term. Going by the government’s estimates, he said that ₹1.5 lakh crore will be raised in the next three years. “When the situation is …

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