The Hindu·3 min read·medium
Minister pushes for major financial overhaul of Irrigation dept.
T
The Hindu Bureau
✦AI Summary
The Irrigation Minister of Telangana has ordered a financial restructuring of irrigation corporations to reduce high interest costs and improve self-reliance. Proposed measures include using unused department land for solar projects to generate revenue and hiring financial experts to manage debt.
The Irrigation department is working out a comprehensive restructuring of loans borrowed for irrigation projects to make irrigation corporations, including special purpose vehicles, financially self-reliant by strengthening their financial management and reducing borrowing costs.
politicsbusinesseconomy
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