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KCR counters Kishan Reddy on TS debt burden - V6

Wed, Mar 14, 2018, 03:00 PM
KCR countered the charges levelled by Telangana Bharatiya Janata Party (BJP) member, Kishan Reddy against the government regarding debt burden on the state. He said that the Centre determines the broad fiscal policy for the states through debts service by Reserve Bank of India (RBI). KCR had promised to waive Rs. 1 lakh crore loans of farmers. He had requested the Prime Minister and several other Central leaders to no avail. Finally, he had to do that in a phased manner over four years, as the state revenue does not permit that kind of expenditure.
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