RBI allowed jagan to borrow agin

[Swatkat]

@NiranjanGaaru meru chepindhi nijame. Manam urkine didco thapithey center lo ranidranath tagkre and laddu support untey  telugu media hadavidi tappithey em undadhdu. E lafada chese panulaki long term lo ela suffer avtharo janalu.

 

In what could be considered a major breather for YS Jagan-led Andhra Pradesh government, which has been relying on loans and debts for financial functioning, the RBI has permitted the government to borrow Rs 13,500 crores.

 

The RBI has allowed the government of Andhra Pradesh to borrow a total of Rs 10,000 crores in the next three months. The remaining Rs 3,500 crores can be borrowed in the last quarter of the financial year 2021-22.

Andhra Pradesh finance minister Buggana Rajendranath Reddy and the state finance principal secretary SS Rawat spoke with the central agencies regarding the borrowings and managed to receive the approval for the same.

Jagan had announced several cash transfer schemes like Amma Vodi, Kapu Nestham, among others after taking charge as the chief minister. However, the state’s gross income is not even nearly sufficient for the implementation of these schemes.

So, the government has been heavily relying on loans from the RBI and the Centre to fund the cash transfer schemes.

[Anta Assamey]

Jagan anna debba... RBI aina evadina Abba analsinde...

Bank Account lu refresh chesukondi AP people... Money will Rain...

[NiranjanGaaru]

8 minutes ago, Swatkat said:

@NiranjanGaaru meru chepindhi nijame. Manam urkine didco thapithey center lo ranidranath tagkre and laddu support untey  telugu media hadavidi tappithey em undadhdu. E lafada chese panulaki long term lo ela suffer avtharo janalu.

 

In what could be considered a major breather for YS Jagan-led Andhra Pradesh government, which has been relying on loans and debts for financial functioning, the RBI has permitted the government to borrow Rs 13,500 crores.

 

The RBI has allowed the government of Andhra Pradesh to borrow a total of Rs 10,000 crores in the next three months. The remaining Rs 3,500 crores can be borrowed in the last quarter of the financial year 2021-22.

Andhra Pradesh finance minister Buggana Rajendranath Reddy and the state finance principal secretary SS Rawat spoke with the central agencies regarding the borrowings and managed to receive the approval for the same.

Jagan had announced several cash transfer schemes like Amma Vodi, Kapu Nestham, among others after taking charge as the chief minister. However, the state’s gross income is not even nearly sufficient for the implementation of these schemes.

So, the government has been heavily relying on loans from the RBI and the Centre to fund the cash transfer schemes.

Usual ga month ki oka permission vostadi...... RBI nunchi states ki to borrow.... Jaggadni mingeymanaru two times.... Even mamata ki kuda chance icharu....... Malli adho secret deal ai untadhi permission granted

[psycopk]

thank you adani

 

[futureofandhra]

1 hour ago, NiranjanGaaru said:

Usual ga month ki oka permission vostadi...... RBI nunchi states ki to borrow.... Jaggadni mingeymanaru two times.... Even mamata ki kuda chance icharu....... Malli adho secret deal ai untadhi permission granted

with dora also same idhi oka b team chepthey tg lo pushpams opposition antav 

opposition fight chesthey true opposotion act chesthey opposition avadhu kadha