Central Government has decided to exempt Externally Aided Projects of Andhra Pradesh from the state’s FRBM limit. Usually the state governments give a guarantee to such loans but in this case, the center will give a counter guarantee and prevent the burden on the state.
This will ensure easy loan processing for major projects like Amaravati and Metro Rail Projects. Center’s Guarantee will also ensure that the approvals will be given easily. Center has agreed to compensate the loss of Special Status with an equivalent amount of EAPs.
This is the biggest benefit of the Special Status. World Bank will be funding 4749 Crore for Amaravati which will be the biggest boost for the Capital Construction. This is also an Externally Aided Project and will be given counter guarantee by the Center.Don't MissPic Talk: Craving For a Closer Shot of Her Hot BodyWearing a black one shoulder monokini and standing on the sailing boat,...Don't MissRT’s Lowest – Will Nela Ticket Force A Change?In the last decade, Mass Maharaja Ravi Teja has made 21 films...Don't MissWatch: Star Actress' Daughter MobbedLate Sridevi planned her daughter's debut very meticulously by making sure that...Don't MissAmmammagarillu Review - Preachy Overdone MelodramaBOTTOM LINE Preachy Overdone Melodrama OUR RATING 2.25/5 CENSOR 'U' Certified, 2...Don't MissSukumar Followed by Rajamouli for the DirectorRGV's 'Officer' is coming to theatres this June and it's obvious that...
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