CBN new Idea to fetch money for Amaravathi

We never heard news that any state government issue government Bonds for the construction of capital. But CBN's innovation thought generating wealth for the state. Like what he did pooling 33K acres of land from the farmers for Amaravathi. It is very strange that issuing Government Bonds for money to construct AP's new capital Amaravathi. CRDA listed Amaravathi Bonds at Bombay Stock Exchange (BSE) on July 27th aiming to procure 1300 crores from the investors.

There is huge response from the Investors for getting Amaravathi Bonds on August 14th in BSE. This overwhelming response register 1.53 oversubscription for Amaravathi Bonds. CRDA received additional 2200 crores instead of aiming 1300 bonds. It is because of trust and confidence on Chandrababu Naidu. CRDA is thought of making Bonds available to public to raise more money from the public that helps to construct Amaravathi Capital.

Now politics turned around in the state. TDP leaders lashed out BJP and Modi on overwhelming response for Amaravathi Bonds. Getting 2200 crores from issuing Bonds is more than than BJP Government's allocation of 1500 crores. YSRCP and Jenasena leaders criticized that TDP didn't start any constructions in the CRDA region. Investors showing their interest of 10.32% for Amaravathi Bonds and two years No.1 position in Ease Of Doing Business (EODB) may attract them to buy the Bonds.

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