YSRCP sent letters to RBI against loan waiver?

Irrigation Minister Devineni Uma has made serious allegations on the main opposition party, YSR Congress. It is said that few YSR Congress leaders have sent letters to the Reserve Bank of India with false figures on crop productivity over the last few years. RBI rules state that the crop productivity should be less than 50% to do the rescheduling. But YSR Congress letters said that the crop yield in AP is not affected and there is no need of loans rescheduling in the state.

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RBI governor Raghu Rama Rajan made similar comments last week. Devineni Uma accuse that these letters were sent to RBI headquarters through faxes from few Internet Centers in Nampally, Hyderabad and there are full proofs regarding this with the government. If Telugu Desam Party gets to establish this before people, YSR Congress will find it extremely touch even to tour the villages where farmers pinned high hopes on Loan Waiver.

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Sridhar Raavi

Sridhar is a highly experienced hand in Telugu politics, writing and analyzing political happenings in Andhra Pradesh and Telangana. An IT engineer turned news junkie, Sridhar has a sharp eye for catching news as it u…

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