Govt not procuring loans and it would be called as investments: KTR

Hyderabad: Telangana government was not procuring loans and it would be called as investments said IT and Industries Minister KT Rama Rao on Tuesday at TRSLP.

Speaking to scribes he termed the opposition’s allegations baseless and that the Congress party was in power holiday, making false statements.

The Minister said it is mandatory to have loans for every country or State to make it develop, all the lending agencies will give loans (Investments) as per the FRMB limit.

He mentioned that TS economy was performing above the national average and hailed the state Budget for giving equal focus to development and welfare.

MLAs Koppula Eashwar , Somarapu Sathyanarayana , Bajireddy Govardhan and MLC Naradasu Laxman Rao and others were also present.