Union Finance Minister Nirmala Sitharaman said here on Saturday that the Telangana government was servicing its debt on Kaleshwaram lift irrigation project by paying interest in the range of 8.25 to 10.9% per annum.
Quoting an RTI reply on debt servicing for the multi-crore project, Ms. Sitharaman asked at a media conference whether such a high interest rate was sustainable. Even the cost of running the water pumps of the motors was not sustainable.
