Telangana CM KCR miffed over loan bar
Hyderabad, May 20 -- Telangana chief minister KCR is miffed over the Union government's continued refusal to permit the government of Telangana to participate in the forthcoming May 17 auction for open market borrowings. As per the loan calendar, the state was supposed to raise Rs. 2,000 crore on May 17.
KCR is planning to meet with the opposition parties of the states who were barred to borrow money to protest against the central government's decision.
According to the sources, the state government is also planning to pass a resolution in the state assembly against the central government and RBI decision and is considering approaching the court.
While refusing the borrowing the Centre has indicated that it was not satisfied with the r...
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