Telangana holding talks with WB for loans with low interest rates: CM Reddy

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Telangana holding talks with WB for loans with low interest rates: CM Reddy - Business Standard

Quick Summary:

In a veiled attack on the previous BRS regime, Telangana Chief Minister A Revanth Reddy on Thursday said his government would not make the mistake of borrowing funds with higher interest rates and impose a heavy burden on people, even as he highlighted his vision to develop Telangana as the 'future state'.

In his Independence Day address after hoisting the National Flag at the historic Golconda Fort here, the CM said the government is already making efforts to restructure the state debts and he met with the World Bank President during his recent visit to the US in this regard.

"I am delighted to announce that talks with the World bank representatives were cordial over extending financial assistance with low interest rate for state development.