Begin typing your search above and press return to search.
Amaravati Bonds - Harsh Reality!
By: Tupaki Desk | 19 Aug 2018 7:43 AM GMT
The concerns raised by Intellectuals over AP Capital development has fallen on deaf ears. Introduction of Amaravati Bonds in Bombay Stock Exchange (BSC) with a high interest rate raised many eye-brows.
Amaravati Bonds:
Capital Amount - Rs 2,000 crore
AP Government Offered 10.5 Percent Interest - Rs 21 crore per Month for a period of 10 Years (translates to Rs 2,520 crore)
20 Percent Incentive after 5 Years - Rs 400 crore
Commission to be charged by BSE - Rs 500 crore approx
Interest to be paid by AP Government for raising Rs 2,000 crore is anywhere close to Rs 3,500 crore. Ultimately, The people of AP will have to bear this burden.
Majority of the Andhrites feel TDP Government should have cut down unnecessary expenditure in the form of Janmabhoomi Committees, Air Travels/Accomodation/Foreign Trips of CM & Cabinet Ministers to raise Rs 2000 crore. What is the need for levying extra burden on the public who were already in dire state after bifurcation?
Amaravati Bonds:
Capital Amount - Rs 2,000 crore
AP Government Offered 10.5 Percent Interest - Rs 21 crore per Month for a period of 10 Years (translates to Rs 2,520 crore)
20 Percent Incentive after 5 Years - Rs 400 crore
Commission to be charged by BSE - Rs 500 crore approx
Interest to be paid by AP Government for raising Rs 2,000 crore is anywhere close to Rs 3,500 crore. Ultimately, The people of AP will have to bear this burden.
Majority of the Andhrites feel TDP Government should have cut down unnecessary expenditure in the form of Janmabhoomi Committees, Air Travels/Accomodation/Foreign Trips of CM & Cabinet Ministers to raise Rs 2000 crore. What is the need for levying extra burden on the public who were already in dire state after bifurcation?
