HYDERABAD: After nearly two months of hectic parleys, Telangana finally got some leverage from the Union finance ministry, which on Friday gave ad hoc permission to the state to raise market borrowings in the form of bonds at an auction to be conducted by the Reserve Bank of India.
The state government will be able to raise Rs 4,000 crore on June 7 during the auction, which will be more than the initial figure of Rs 1,000 crore. “A final permission will be granted next week,” state government sources said.
