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'Borrowing from RBI per month'
Hindustan Times
|March 18, 2025
HYDERABAD: Telangana chief minister A Revanth Reddy on Monday said his government is facing a cash crunch due to the debt burden and other factors, and that it has been able to pay salaries to employees after obtaining a "hand loan" of 24,000 crore from the Reserve Bank of India.
Replying to a question in the state legislative council, Revanth Reddy said his government was struggling to pay salaries to its employees on the first day of every month regularly.
"Like people in the villages take hand loans to meet their emergency needs, we are forced to approach the Reserve Bank of India every month to take 24,000 crore towards ways and means advances to pay salaries to the employees on time," he said.
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