The waiver of crop loans in Telangana took a new turn with the RBI seeking a fresh report on the damage caused to crops on account of heavy rains/hailstorms due to the Phailin cyclone in October last year. The government had declared over 300 mandals as cyclone-affected to seek reschedulement of loans amounting to Rs 7,000 crore. However, the RBI wants to examine the cyclone effects on its own............
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