Union Finance Ministry

Andhra Pradesh received Rs 1.61 lakh crore from Centre in last seven years

Rs 15.61 crore was released in 2018-19 on the Andhra Pradesh government’s request towards repayment of interest liabilities of EAPs as per special assistance granted in 2016 in lieu of SCS.  

published on : 11th August 2021

Centre asks banks to foot the bill for interest-on-interest 

According to sources in the ministry, bankers had approached  the Department of Financial Services seeking a bailout, or at least a way to share the burden.

published on : 23rd April 2021