Telangana New Debt Strategy: Issue 30-Year Tenor Bonds
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Follow us on: @TheDailyPioneer facebook.com/dailypioneer RNI No. TELENG/2018/76469 Established 1864 Published From ANALYSIS 7 MONEY 8 SPORTS 12 HYDERABAD DELHI LUCKNOW DECODING THE DAVOS READIES FOR DOMINANT INDIA BHOPAL RAIPUR CHANDIGARH FUTURE OFJOBS TAKE SERIES BHUBANESWAR RANCHI DEHRADUN DECADE OF DELIVERY VIJAYAWADA ` *LATE CITY VOL. 2 ISSUE 100 HYDERABAD, MONDAY JANUARY 20, 2020; PAGES 12 3 *Air Surcharge Extra if Applicable JANHVI OUT OF FIGHTER, ANANYA IN { Page 11 } www.dailypioneer.com TWO ‘DEPRESSED' 19 INDIANS KIDNAPPED BY PIRATES INDIAN TEACHER FIRST FOREIGNER GANDHI WANTED TO SPEND CAPITAL RYOTS DIE RELEASED, ONE DIE IN CAPTIVITY TO CONTRACT CORONAVIRUS 15 AUG, 1947 IN PAK: BOOK wo farmers - Abburi Appa Rao and Bezawada Smarajyamma - died ineteen Indians, kidnapped by pirates from a commercial vessel from 45-year-old Indian school teacher is undergoing treatment for a new ahatma Gandhi wanted to spend August 15, 1947, the first day of Tdue to heart attack on Sunday. Appa Rao, who had given seven acres Nthe high sea off the western coast of Africa last month, have been Astrain of pneumonia outbreak spreading in the Chinese cities of Mfreedom, in breakaway Pakistan rather than in India, says a new book by of land under the land pooling scheme, had been participating in the released while one died in their captivity, according to the Indian Wuhan and Shenzhen, becoming the first foreigner to have contracted former Union minister MJ Akbar. This was, however, neither tokenism nor a agitation for the past one month. He went into a depression as his son mission here. Twenty Indian crew members were kidnapped from the the mysterious SARS-like coronavirus. Preeti Maheshwari, a teacher at gesture of support for a country carved out of multifaith and daughter-in-law were being harassed vessel MT Duke in the high seas off the western coast of Africa on an international school in Shenzhen, has been admitted to a local India in the name of one religion, Islam, the author writes in by police by registering cases against December 15. The High Commission of hospital after she fell seriously ill last ‘Gandhi's Hinduism: The Struggle Against Jinnah's Islam". them. Swarajyamma had parted with 20 India in Abuja on Sunday tweeted that 19 Friday. Doctors on Monday confirmed that "It was a promise of defiance. Gandhi simply did not believe acres of land for the Capital project. Her Indian nationals were released on Saturday she was suffering from the virus and is in the partition of India, and the creation of new, ‘unnatural' son Gopala Rao was recently arrested by while one died in the captivity of the pirates being treated for it, her husband Ashuman borders by an arbitrary scalpel in a fit of what he described police for participating in the agitation. in adverse conditions. Khowal told PTI from Shenzhen. as momentary madness," he says. HIGH-VOLTAGE CIVIC POLLS CAMPAIGN TO END TODAY… Telangana new debt strategy: Contestants vie to induce Issue 30-year tenor bonds voters in ‘ballot market' L VENKAT RAM REDDY The TS govt is now ment's revenues and earnings n HYDERABAD across all sectors. issuing similar The TRS government head- Cash, liquor flowing freer than water on city outskirts The Telangana State govern- bonds for a tenor of ed by Chief Minister K ment has adopted a rather 30 yrs -- the highest Chandrasekhar Rao has been PNS n HYDERABAD Some of the contestants in unique 'debt strategy' for rais- relying mainly on loans to Ibrahimpatnam, Turkayamjal TS Prisons dept ing loans and repaying them. in the country. The fund its flagship programmes With the high-voltage cam- and Adibhatla civic bodies Normally, states issue secu- idea is to buy more such as Kaleshwaram, paign for municipal polls in have disposed of two or tops gross value rities or bonds to raise funds time to repay the Palamur-Ranga Reddy, Telangana scheduled to end on three housing plots to raise from the market. Generally, Sitharama projects, Mission Monday, many of the contes- funds to meet their election turnover of sale these securities are issued for loan upon maturity Bhagiratha etc. tants belonging to major polit- expenses. Contestants in in country a tenor of 10 years at fixed or With this, the debt burden of ical parties, especially those in There are Boduppal, Peerzadiguda, variable interest rate. October 22 and April 22 of higher interest burden as the the Telangana government has the fray in municipalities and 25 municipalities and Nizampet and Shamshabad For example, a bond was each year. interest rate will automatical- increased by 159 per cent with- municipal corporations locat- seven municipal corporations civic bodies too have disposed issued in undivided Andhra The Telangana government ly increase whenever the tenor in five years after bifurcation of ed on the outskirts of the city, in undivided Rangareddy dis- of properties to fund their elec- Pradesh on April 22, 2008 for is now issuing similar bonds of the loan increases. Andhra Pradesh in June 2014. are spending crores of rupees trict. Barring the seven munic- tion management practices. 3 a tenor of 10 years, maturing for a tenor of 30 years -- the The state government is of Telangana State had debts to ensure their victory. In the ipal corporations, the rest are Leaders eyeing corporation on April 22, 2018, at the inter- highest in the country. The the considered view that pay- totaling Rs 69,517 crore when process, liquor has virtually located on the outskirts of the mayor and municipal chair- est rate of 8.24 per cent per idea is to buy more time to ing higher interest is better undivided AP was bifurcated flooded the 'ballot market' as city. The contestants are vying man posts are overwhelming annum. Coupon on this repay the loan upon maturity. than having to repay the entire in 2014. The debt increased to the contestants have no qualms with one another in spending voters with inducements in the security is paid half-yearly at Although this will give relief loan in short term, given the Rs 79,880 crore by 2015. The about how they woo voters. money. As many of the contes- form of money, liquor and 4.12% (half yearly payment to the state government by prevailing recessionary eco- debt burden touched Rs 1.80 Some of the candidates are not tants are real estate players too, gifts. Some others have been being half the annual coupon enabling repayment of the loan nomic conditions and the con- lakh crore in 2018-19. hesitating to dispose of their they are not hesitating to spend offering crores of rupees to of 8.24%) of the face value on over 30 years, it will impose sequent shortfall in govern- Continued on Page 3 lands to raise money for meet- money like water on the back MLAs. ing the poll expenses. of the realty boom. Continued on Page 3 MCI allots 54 COMMITTED TO NRC HC verdict on MBBS fee saves PG medical Detained OU Prof Kasim Rs 99.82 crore for 1,269 students seats to TS Will send PNS n HYDERABAD produced before CJ back 1 crore PNS n HYDERABAD ment quota (B category) the Niti Aayog total number of seats includ- The Medical Council of India Hearing adjourned to Jan 24 Bangladeshi member A recent verdict of the ed is 735 and 315 (C category) has issued orders allotting 54 Telangana High Court, direct- respectively. The annual fees PG medical seats for the PNS n HYDERABAD Muslims justifies ing medical colleges to collect are Rs 12.10 lakh for seats Nizamabad Medical College fees only for four and half years under B category and Rs 22 in Telangana. Authorities of Osmania University Professor PNS n PARGANAS internet ban from MBBS students, has lakh for seats under C catego- the medical education depart- C Kasim, who was arrested on helped parents of 1,269 stu- ry. ment are jubilant over the Saturday for alleged links with BJP's West Bengal unit chief in J&K dents save Rs 99.82 crore in all, Students of B category col- allotment of 54 PG medical Maoists, was produced before Dilip Ghosh said on Sunday according to conservative esti- leges and C category colleges seats to the college within one the Telangana High Court that the government is com- mates. can save up to Rs 6 lakh and Rs year of it getting MCI recog- Chief Justice here on Sunday. mitted to implementing the The tuition fees being col- leges listed under B category 11 lakh respectively if they are nition. The break-up of the Kasim, an Associate proposed nationwide NRC 5 lected since 2017-18 from each charge Rs 14 lakh from each allowed to pay tuition fee only medical seats is as follows: Professor in Telugu and will send back 1 crore student by colleges listed under student and those listed under for six months of the final year. General Medicine-10, Department, was brought to Bangladeshi Muslims living A category is Rs 60,000 per C category collect Rs 28 lakh. Those who enter the final Anaesthesia-6, Gynaecology- the residence of Chief Justice Professor C Kasim in the state illegally. annum, while those listed Of the 2,100 MBBS seats year in 2021 would have to pay 6, Orthepaedics-4, Anatomy- RS Chauhan in Banjara Hills, Addressing a rally in the under B category collect at that are on offer in private col- tuition fee for six-month peri- 4, ENT-3, Forensic Medicine- as per court orders on January 23, giving details of North 24 Parganas district, least Rs 12.10 lakh from each leges across the state, 50 per od only.