CBN’S first four signatures on….

Posted : June 4, 2014 at 3:46 pm IST by ManaTeluguMovies


Here comes the big news from political sources which may give relief to distressed Andhra Pradesh people.Chief Minister-in-waiting Chandrababu Naidu is very serious about fulfilling his ‘farmer loan waiver’ poll promise .  In what is being billed as the single biggest populist measure initiated by any state government in the country, Andhra Pradesh CM-elect Chandrababu Naidu is all set to waive off a staggering Rs 54,000 crore that was taken by farmers as loans from various banks  This is said to be the first file Naidu will sign after taking over as chief minister on June 8.

Sources say babu will be signing on the first file – Raithu Runa Mafi at 8.35 PM on June 8 th.The second file there in will be for banning the belt shops, The third will be NTR Sujala Program and the fourth will be DWACRA loan waiver.  Babu held discussions with bankers and discussed the modalities to implement one of the major promises made by him during his election campaign.After being told that the total loan amount is Rs 54,000 crore, Naidu asked bankers.

whether he could go for a moratorium for about five years by paying interest. But when he was informed that it would cost the state exchequer about Rs 18,500 crore for five years, he decided against it. Instead, he is now looking to the Centre to help him raise more money from the market.