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The Hindu
The Hindu
National
Staff Reporter

Jagan seeks Central funds to bridge revenue gap

Chief Minister Y.S. Jagan Mohan Reddy on Thursday met Prime Minister Narendra Modi in New Delhi and submitted a memorandum containing issues to be sorted out by the Union government, which mainly include bridging of revenue deficit for 2014-15 amounting to ₹32,625 crore and approval of revised cost of Polavaram project.

In his interaction with the Prime Minister that lasted about 45 minutes, Mr. Jagan requested him to get the funds released towards the revenue gap at the earliest and to ensure that the Telangana power utilities paid ₹6,627.86 crore, which they owed to the AP-Genco and AP-Transco, without further delay.

Loans

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