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GHMC Debt Crisis Deepens As Loans Touch Rs 4,717 Crore
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GHMC Debt Crisis Deepens As Loans Touch Rs 4,717 Crore
Hyderabad, May 8: The financial crisis in the Greater Hyderabad Municipal Corporation (GHMC) has deepened as its outstanding loans reached Rs 4,717 crore. Once known for strong fixed deposits, the civic body now struggles with mounting debt and pending dues. Here To Join Us On WhatsApp Until 2013, GHMC maintained nearly Rs 1,000 crore in fixed deposits. However, after the formation of Telangana, funds were diverted to other departments. As a res…
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