It’s known that RBI has put letter bomb on Andhra Pradesh government by expressing its displeasure over loan-waiver scheme. In her letter to AP government RBI executive director Deepali Pant Joshi expressed her dissatisfaction over the decision to waive farm loans which she feels as threat for banking culture
The decision turned shocker for AP CM chnadrabbau naidu and people also started worrying about RBI decision. However Chandrababu came forward and took the initiative.
Earlier in the day Chandrababu spoke with RBI governor over telephone and has explained the scenario. He reportedly told him that loan waiver is offered more to curb the problems of the farming community than the political reasons.
According to reports, Chandra Babu explained him about the problems faced by farmers in last ten years .If reports are anything to go by RBI Governor had responded positively to Naidu’s appeal. But as of now nothing seem to have come out officially or confirmed by Chandrababu or anyone from his council of ministers.
We need to see whether RBI considers Babu Request or not?
The decision turned shocker for AP CM chnadrabbau naidu and people also started worrying about RBI decision. However Chandrababu came forward and took the initiative.
Earlier in the day Chandrababu spoke with RBI governor over telephone and has explained the scenario. He reportedly told him that loan waiver is offered more to curb the problems of the farming community than the political reasons.
According to reports, Chandra Babu explained him about the problems faced by farmers in last ten years .If reports are anything to go by RBI Governor had responded positively to Naidu’s appeal. But as of now nothing seem to have come out officially or confirmed by Chandrababu or anyone from his council of ministers.
We need to see whether RBI considers Babu Request or not?