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Jagan seeks Central funds to bridge income hole

Byindianadmin

Jun 3, 2022
Jagan seeks Central funds to bridge income hole

Chief Minister Y.S. Jagan Mohan Reddy on Thursday met Prime Minister Narendra Modi in New Delhi and submitted a memorandum containing points to be sorted out by the Union authorities, which essentially consist of bridging of income deficit for 2014-15 amounting to ₹32,625 crore and approval of revised trace of Polavaram challenge.

In his interaction with the Prime Minister that lasted about 45 minutes, Mr. Jagan requested him to rep the funds launched in opposition to the income hole at the earliest and to make certain the Telangana vitality utilities paid ₹6,627.86 crore, which they owed to the AP-Genco and AP-Transco, with out further lengthen.

Loans
The Chief Minister stated the Insist modified into once finding it sophisticated to buy loans as the borrowing limit modified into once decreased by ₹17,923 crore by taking into myth the surplus borrowings made by the previous authorities between 2016-17 and 2018-19. They were only loans and now no longer grants availed by the Insist, he identified and appealed to the Prime Minister to space issues ethical.

Extra, Mr. Jagan requested Mr. Modi to approve the revised trace of Polavaram challenge (₹55,548.87 crore) by taking to his see that the technical advisory committee of the Central Water Commission had already given its sanction, and to preserve into myth the ingesting water insist as an integral section of the challenge in tune with the norm linked to such national initiatives.

Moreover, the Chief Minister asked Mr. Modi to
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