Skip to main content

LIC deny to give loan to Jagan Government!


Banks and Financial Institutions were turned down to give loans to AP government after YS Jagan came into power. World Bank and Asian Development Bank (ADB) were withdrawn from existing AP projects. 
Newly elected YSRCP Government doesn’t show any interest to co-ordinate with the ongoing projects in AP that forced them to get out from AP Projects. It is surprised even National Banks and Financial Institutions follow in same manner. The largest Nationalized Bank State Bank of India AP government’s guarantee responding to the application for 3K term loan by YSRCP government.

SBI mentioned that each succeeding governments not honoring the commitments made by the previous governments. As per latest development, Life Insurance Corporation also not interested to give loan to YS Jagan Government. AP Government has looking towards LIC after Bankers turned down. As per buzz, YSRCP government offer 3/- interest to LIC for loan which is very high during the recession period. Reportedly, LIC officials were rejected the government offer.

During Chandrababu period, Bankers rushed towards Government and offer loans even for 20 paise interest. Now the situation has changed. Government is serious to implement populist schemes called Navaratnas. AP Government has trying to mobilize funds for getting implemented. The government relay on Banks and other Financial Institutions. YSRCP Government should create trust among the Bankers for loans and other financial assistance.

Labels:

Comments

Post a Comment

Popular posts from this blog

Photo : Savitri during her last days

Even after 4 decades of her death, people are very much interested to watched her (Savitri) biopic. Mahanati turned to be stupendous success. On eve of remembering Savitri, here we posted Savitri photo. The photo seems her last days. The man stand behind Savitri is Gemini Ganeshan who married Savitri. It seems that she suffered bad days during her last days.
Post a Comment
Read more

PK Fans - Political and Private life

Pawan Kalyan fans attack Director Ram Gopal Varma's office for making parody film "Power Star" on their hero. RGV made a complaint and withdraw later for unknown reasons. 
Post a Comment
Read more

Who killed cricket in Pakistan?

Pakistan won the 1992 WC under the leadership of one of the greatest all-rounders in the world Imran Khan. Now, he is leading the country as Prime Minister of Pakistan. Every cricket lover in the country wants to see the glory in the gentleman game after Imran became PM for Pakistan. But his leadership can’t give any assurance to other nations to play the game in Pakistan. New Zealand abandoned the historic Pakistan tour just a few minutes after the first ball was to be bowled in the first ODI in Rawalpindi. Both teams have considered this series as preparation for the ICC T20 World Cup. Kiwis cites ‘Security threat’ to its players in Pakistan. There is a question that arises why NZ came and cancelled the visit. This is a massive blow to Pakistan cricket who wants to revive the game in the country. Prime Minister Imran Khan had spoken to New Zealand Prime Minister Jacinda Ardern and informed her about the security arrangements. Pakistan Cricket Board (PCB) fumes over Black Caps decisio...
Post a Comment
Read more