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TS to raise ₹2,000 crore OMB ahead of crediting Rythu Bandhu
The Hindu
Crediting ₹5,000 an acre into ryots’ accounts to start today
The State government has decided to raise ₹2,000 crore State Development Loan through auction of securities on the Reserve Bank of India’s e-Kuber platform on Tuesday.
With the proposed ₹2,000 crore, the open market borrowings (OMBs) during the current quarter reached ₹10,000 crore as against the ₹6,295 crore projected in the tentative calendar of borrowings for the third quarter. The development comes in the light of the government’s decision to start crediting ₹5,000 an acre as investment support for over 15 lakh farmers under the Rythu Bandhu scheme from Tuesday.
Amidst concerns expressed over the State’s financial situation, Chief Minister K. Chandrasekhar Rao announced recently that the next instalment of funds will be credited from December 28. The government has credited the first instalment of Rythu Bandhu into the accounts of over 63 lakh farmers totaling to ₹7,508 crore in June. Crediting of the second instalment would take the total expenditure incurred through the scheme for the current fiscal to more than ₹15,000 crore.
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With increased terminal entry points (eGates) at Mumbai International airport from 24 to 68, which is the highest number of e-gates at kerbside or landside in the country, the expansion will enhance the airport’s processing capacity to an astounding 7,440 passengers per hour at Terminal 2 (T2) and 2,160 at T1