RBI not convinced on Andhra Pradesh CMs demand on rescheduling - TopicsExpress

RBI not convinced on Andhra Pradesh CMs demand on rescheduling agricultural loans PTI Tags: RBI Governor|Raghuram Rajan|Krishna Rao|Gold|Deepali Pant Joshi|Chandrababu Naidu|Andhra Pradesh government|Andhra Pradesh|agricultural loans (Chandrababu announced…) HYDERABAD: In a major shock to the Andhra Pradesh government, the Reserve Bank has said that it did not see any reason to concede the formers request for rescheduling of agricultural loans as a precursor to the proposed loan waiver. The RBIs fresh missive sent to Chief Secretary I Y R Krishna Rao on July 26, in response to the state governments July 17 letter, will push Chief Minister N Chandrababu Naidu into an awkward position as he went to town claiming credit for achieving the loan rescheduling as a first step in implementing his promise of total loan waiver

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