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Andhra state Slips Into Fiscal Abyss

Chalanachithram.com DB » New TF Industry Related » Archive through March 21, 2015 » Andhra state Slips Into Fiscal Abyss « Previous Next »

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Gsn1
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Username: Gsn1

Post Number: 3229
Registered: 03-2008
Posted From: 68.100.133.254

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Posted on Friday, March 20, 2015 - 10:16 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Sasi...

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Janaalaku welfare vadhaa? Pakka state janaalu govt nundi welfare pondhuthonte ee state janaalu deprive avvalaa? Why? Yevari papam adhi
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Voddhani yevaru analedhu. But a good politician need to PRIORATIZE the needs, especially when you have limited amount of money.

I understand that he made poll promises and got into power and it is his obligation to fulfill those, but I don't see NEED to add MORE SOPS AFTER coming to power.

It is a TOUGH job to do when you don't have enough budget.
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Telugufan
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Username: Telugufan

Post Number: 5320
Registered: 05-2008
Posted From: 108.15.254.163

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Posted on Friday, March 20, 2015 - 10:14 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Gsn1:

Pulini chusi (T in terms of financial muscle), nakka vatha pettukunnatu undhi. CBN is stupid in announcing and implementing so many unnecessary schemes when the the state is under financial constraints.


ya correct anni welfare's apivesi govt employes tho double work cheyenchali
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Sasibabu
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Username: Sasibabu

Post Number: 32493
Registered: 11-2009
Posted From: 173.64.242.15

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Posted on Friday, March 20, 2015 - 10:10 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Gsn1:


gsn gaaru ... Janaalaku welfare vadhaa? Pakka state janaalu govt nundi welfare pondhuthonte ee state janaalu deprive avvalaa? Why? Yevari papam adhi ... Ee janaalu emanna state ni vidagottandi annaru? Em papam chesaaru janaalu .. Ee welfare lekapothe janaalu votelu vesthaaraa? CBN cm ayyi janaalaku welfare aapesi malla bench ekkalaa? Nuvve cheppu
http://www.chalanachithram.com/discus/messages/115/276140.html?1418236493
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Gsn1
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Username: Gsn1

Post Number: 3227
Registered: 03-2008
Posted From: 68.100.133.254

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Posted on Friday, March 20, 2015 - 10:05 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

I TOTALLY agree with the following:

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While the TDP government has been complaining about inheriting a dismal financial situation because of the bifurcation, the lack of fiscal discipline on the part of the Chandrababu Naidu government during the last 9 months of its rule has also contributed to the current financial mess, conceded finance department officials. }
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Pulini chusi (T in terms of financial muscle), nakka vatha pettukunnatu undhi. CBN is stupid in announcing and implementing so many unnecessary schemes when the the state is under financial constraints.
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Thokkalohdi
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Username: Thokkalohdi

Post Number: 5893
Registered: 01-2008
Posted From: 24.130.195.182

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Posted on Friday, March 20, 2015 - 08:04 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Gringo:


"If the situation worsens further, the RBI might be forced to not only charge the interest, but also freeze all financial transactions of the state and initiate steps to recover the amounts taken from it by the state,"




Entiii.. India lo oka pedda state financial transactions apesthara? saradaga apeymanu suddam center emi sesthado...
Ranbir Kapoor is god of acting
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Awara1984
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Username: Awara1984

Post Number: 3342
Registered: 12-2010
Posted From: 125.16.29.3

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Posted on Friday, March 20, 2015 - 07:39 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Finance Minister emi chestunnadu ivi chusukokunda

While the TDP government has been complaining about inheriting a dismal financial situation because of the bifurcation, the lack of fiscal discipline on the part of the Chandrababu Naidu government during the last 9 months of its rule has also contributed to the current financial mess, conceded finance department officials. }
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Gringo
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Username: Gringo

Post Number: 1296
Registered: 10-2014
Posted From: 72.15.229.180

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Posted on Friday, March 20, 2015 - 07:06 am:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

http://timesofindia.com/india/Andhra-Pradesh-slips-into-fisc al-abyss/articleshow/46627655.cms

HYDERABAD: Andhra Pradesh got entangled in a major financial crisis with the expenditure crossing the permissible limits. The Reserve Bank of India (RBI) on Thursday informed the state that it has slipped into the overdraft facility from the central bank.

Availing the Ways and Means facility, AP took Rs 700 crore from the RBI earlier this month. After that got exhausted, the state availed Rs 145 crore on Monday (March 16), Rs 117 crore on Tuesday and Rs 500 crore on Wednesday from the central bank. On Thursday, it went into overdraft.

"The RBI has informed us that the state has reached the overdraft level as the special Ways and Means facility has been exhausted," finance principal secretary Ajay Kallam told TOI. As per RBI rules, the state can avail 'Ways and Means' facility and raise upto Rs 700 crore and another Rs 500 crore under the Special Ways and Means option. Availing of these two facilities will not attract any interest as the amounts have to be repaid within a 30-day period. If the state fails to repay it, then the amount will be treated as 'overdraft' and the government would get 14 days to repay the money. If the amount is still not repaid after the 14-day period, RBI will charge 9.5 per cent interest.

Since AP has not repaid the money borrowed under the Ways and Means and Special Ways and Means facilities, RBI has declared that the amounts taken by the state will be treated as overdraft and if not repaid in 14 days from now, would attract an interest of 9.5 per cent on the principle.

"If the situation worsens further, the RBI might be forced to not only charge the interest, but also freeze all financial transactions of the state and initiate steps to recover the amounts taken from it by the state," said sources in the finance department.
http://i.imgur.com/eI7517s.jpg?1

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