💨 Abstract

Telangana's Chief Minister A Revanth Reddy has stated that the state's financial situation is dire, with bankers unwilling to offer loans due to lack of trust in the government. He also accused bankers of viewing Telangana representatives as "thieves." The state government's debt servicing payments have averaged Rs 9,000-10,000 crore in the last 16 months.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖