💨 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 🤖
Suggested
Trump revokes secret service protection for Biden's children Hunter and Ashley
US spy drone retreats near Iranian airspace, Nournews says
Canary Capital continues flurry of US crypto ETF filings with Sui proposal
Prohibitory orders imposed in Maharashtra's Nagpur amidst ongoing violence
Lebanon and Syria agree on ceasefire after deadly cross-border clashes
G7 finance ministers discussed global trade, economic growth in virtual meeting
Harvard offers free tuition to students from families earning $200,000 or less
German court throws out new challenges against Merz's borrowing plans
Venezuelan top lawmaker says men deported to El Salvador by US were denied due process
Trump seeks to remove judge who questioned deportation of Venezuelans
Powered by MessengerX.io