By KVVV Charya
In a significant move, the Telangana Government is contemplating to tap the money market in order to bridge gap in the second quarter of this fiscal 2025.
The quarter will end in September. Though the actual amount is yet to be determined, it is being discussed in the debt market circles that the government may issue bonds in few parcels between July and September.
Tentatively, the government is considering to raise Rs 7,000 crore in July, Rs 5,000 crore in August and Rs 4,000 crore in September. The centre also had permitted the state government to raise Rs 4,000 crore per month till the end of the third quarter.
The state government has already announced its commitment to waiver of Rs 2 lakh farm loans, which itself require about Rs 31,000 crore in the next few months.
It is obvious that the officials cannot reveal the details before they get the go ahead signal from the political bosses, but they are looking for various options to fulfill the promises the government made to the people.
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