FM proud for not resorting to advance from RBI

Hyderabad, Feb 28 (UNI) Admitting that he was 'stingy,' Andhra Pradesh Finance Minister K Rosaiah today said he had not knocked at the doors of the Reserve Bank of India (RBI) even for a day for overdraft facility unlike the previous TDP Government.

''I firmly believe that it is not good to get advance from RBI. I was taught by my parents to spend within the means,'' Mr Rosaiah, who had presented the fourth budget in a row proudly said while replying to the general discussion on the state budget.

''I am not used to spending lavishly, both my personal money as also that of the state,'' he said amid thumping of desks by the ruling party members.

''I was brought up by my parents by telling that it is better to give a glass of water to a guest, instead of borrowing from neighbours milk, sugar and coffee powder to give a cup of coffee,'' he said, sending the House into peals of laughter.

The House also witnessed some lighter moments when Mr Rosaiah said he was not a ''migratory bird,'' as claimed by TDP leader N Chandrababu Naidu during the latter's visit to the former's home constituency of Chirala, for frequently shifting his constituencies.

He shot back, saying Mr Naidu, who had shifted his constituency to Kuppam after his defeat in Chandragiri, was a ''migratory bird.'' So was TDP founder N T Rama Rao, who had contested from Hindupur among other constituencies, he added.

UNI SM VA LS KN1924