Is AP headed for major financial crisis in few weeks?

[katharnak]

Recently the microfinance ordinance was formulated by the Rosaiah's government after the opposition parties led by the TDP, PRP and the Left brought pressure on the government.

But the opposition parties only used this opportunity to gather support among the people while failing to understand the real danger in the coming days.

People owe around 9000 crores to the various microfinance institutions and incidentally most of the money was lent by the banks!

Yes, you heard it right. Most of the money (around 80%) was lent by the banks analysts warn that with Rosaiah's government bowing to the blackmail tactics of the opposition parties, the state is likely to go into a very serious financial crisis as the banks are involved!

Chandrababu, YS Jagan, Chairanjeevi, Left leaders etc only forced the govt to come with this ordinance to get some brownie points.

[malavika89]

yes eppudooo avvaliiiiiiii .......... 100% sureee heavy crisis with in short period...