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Pride of Telugu states – Debt burden of Rs 1.66 lakh crores on poor Telugu people! డిసెంబర్ 1, 2015

Posted by M Bharath Bhushan in Andhra, Andhrapreneurship, AP Reorganisation Bill, BJP, Congress, Economy, TDP, Telangana, TRS.
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AP, TS to share Rs. 8,000 cr. of inherited debt

M L Melly Maitreyi, The Hindu, December 1, 2015

Sources said the remaining debt of Rs.10,000 crore raised by the united State under externally aided projects would also be distributed soon between the two successor States.

Some of these loans were raised to fund projects like Hyderabad’s Outer Ring Road, Hussain Sagar clean-up and the Krishnapatnam power project.

While there is no dispute that such debts will be assigned to the State in which the particular project is located, other borrowings are rather more ticklish, such as those for development, welfare, irrigation, roads, rural water supply and poverty alleviation.

These would have to be apportioned on the basis of the population ratio. (మరింత…)