Telangana CM KCR announced that the state will be borrowing a whopping 20,000 crore rupees to complete the several pending projects.
Speaking to the media, he said, "The fiscal condition is bad and hence we have to borrow the money. However all the government's borrowings are within the limits of Fiscal Responsibility and Budget Management (FRBM) and Centre guidelines. The government has never defaulted on repayment to banks and institutions even by a day."
The TRS Chief also slammed CLP leader Bhatti Vikramarka for making harsh statements against the state's borrowings, budget and irrigation projects. He claimed that Telangana has made more progress than it ever made in Congress rule.