Jagan Government Request Center To Allow More Loans

ys jagan nirmala sitharaman

Andhra Pradesh Government has taken loans worth 33,617 Crore in this financial year already. Only in November, the Government has taken a loan worth 8,513 Crore. We have four more months in this financial year but the State Government can only borrow only a little over 3,000 Crore this year. The State Government may exhaust this limit in this month itself.

Meanwhile, the State Government is announcing freebies to various sections like there is no tomorrow. Jagan Mohan Reddy already announced the ambitious Amma Vodi Scheme from January which gives 15000 Rupees to the mother of every school-going kid. The scheme would need huge financial resources.

In the wake of this, the State Government has written to the Central Government to relax the FRBM norms and allow 15,000 Crore more loans in this financial year. It has to be seen if the Center will allow given that the BJP does not want to give a rope for Jagan to emerge.

If they do not permit, it may be difficult for the state government even to take care of the salaries and pensions in the next few months.

What’s streaming on OTT? Consult the experts!

Follow @mirchi9 for more User Comments
Fire Accident in COVID Center of Hotel Swarna Palace Vijayawada, Several Feared KilledDon't MissFire Accident in COVID Center of Vja, Several Feared KilledIt's that part of the year we hear a news of some mishap or the...Director Nag Ashwin - PrabhasDon't MissNo Other Actor Can Shoulder This Story Like PrabhasThough, Prabhas can't start shooting for his ongoing movie 'Radhe Shyam' anytime soon till the...Getting Kapu Community's Support Can Be So Easy?Don't MissGetting Kapu Community's Support Can Be So Easy?Bharatiya Janatha Party seems to be very serious about Andhra Pradesh for the coming elections....Amaravati Issue Nothing to Lose and Something to Gain for BJP?Don't MissAmaravati Issue Nothing to Lose and Something to Gain for BJP?Union Government has filed an Affidavit in Andhra Pradesh High Court regarding the Capital issue...Nandamuri -balakrishna Unseen PicDon't MissNandamuri Mokshagna Was Never ReadyThis is one of the unseen pics of Balakrishna with his wife Vasundhara Devi and...