Union Government has finally shifted its focus on the financial indiscipline of Andhra Pradesh. The State Government is trying to get a 2000 Crore loan to pay the Salaries and pensions of the Government employees this month.
The RBI has not allowed it and asked the State Government to get a clearance from the Union Government. When the state approached the Center, it has got a rude shock. The Center has written to the state that it can not borrow more than 42,472 Crore in 2021-22.
It also clarified that 27,589 Crore should go towards Capital Expenditure which means needs to be spent on infrastructure creation. That means only 14,883 Crore can be used on freebies. The State Government has borrowed more than 80,000 Crore last year.
The Central Government also asked the State Government to send a detailed report of its finances, loans, the financial position of discoms, etc. Only after verifying the report, we will allow the loans through RBI, the center told the state government.Don't MissWhat is the Real Reason Behind Sharmila's Party?Late YSR's daughter, YS Sharmila has announced enterting politics to safeguard Telangana's self-respect. At the...Don't MissPre-release Business Report: What Vakeel Saab Needs To Be A HitPowerstar Pawan Kalyan’s comeback film Vakeel Saab is all set to storm the cinemas in...Don't MissSharmila Episode and Viveka Episode, YSRCP Uses Same Strategy?YSR Congress Honorary President YS Vijayamma has written an open letter to the people of...Don't MissPawan Kalyan's Logic Flawed Claims Political OpponentsPowerstar Pawan Kalyan had announced quitting films before the 2019 elections but later made a...Don't MissChiranjeevi Leads Tollywood to Another Noble CauseMegastar Chiranjeevi has called for a Pressmeet to appreciate the team of Wild Dog. Chiranjeevi...