💨 Abstract

Telangana CM A Revanth Reddy admitted a cash crunch due to debt burden, revealing his government obtained a loan of Rs 4,000 crore from the RBI to pay salaries. He acknowledged the difficulty in paying salaries on time and urged employees' cooperation regarding Dearness Allowance. The CM stated that most revenue is spent on salaries, pensions, and debt servicing, leaving minimal funds for welfare schemes and development projects.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖