Vice Chairman of Planning Board, Kutumba Rao has condemned the doubts on Amaravati Bonds Interest Rates. Calling it false propaganda as the interest rates depend on the rating he said, CRDA has received A+ rating. He clarified that there is no comparison between Amaravati Bonds with GHMC bond system. He demanded explanation in this regard from those who are faulting Amaravati Bonds. He said, the bonds are issued on 10.32 % interest rate just with a counter guarantee without asking for any collateral security. He faulted oppositions for spreading wrong information instead of appreciating govt.
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