RBI permission needed for loan waiver : KCR

Telangana Chief Minister K.Chandrasekhar Rao has completed his Delhi tour on Sunday.

Speaking to reporters in New Delhi on Sunday, he said that they would waive off loans of farmers at any cost. “We will keep up our words and fulfill all of our election promises,” said the chief minister.

He exhorted the farmers in Telangana not to worry about their future. “Permission of Reserve Bank of India is needed to waive off loans of farmers,” said KCR.

He said that they had requested Prime Minister Narendra Modi to grant special status to Telangana.

KCR said that Narendra Modi had given him some tips for the development of Telangana.

He congratulated Chandrababu Naidu for going to take oath as the chief minister of Andhra Pradesh.

“I told Modi that the ordinance on Polavaram is the one taken in haste. I requested Modi to convene a meeting of all the four chief ministers of the states which are affected with the project,” said KCR.

- Sakshipost