Mangaluru City Corporation loan: ಮಂಗಳೂರು ಮಹಾನಗರ ಪಾಲಿಕೆಗೆ ಸಾಲದ ಶಾಕ್!

Mangaluru City Corporation is facing a massive financial shock after failing to repay a 20-year-old loan. Borrowed in 2006 from the Asian Development Bank (ADB) for drinking water and sewerage projects under a state government guarantee, the principal amount of ₹380 crore has accumulated an astounding ₹998 crore in interest. With the repayment deadline expired and zero installments paid despite receiving over 24 notices, the total debt now stands at ₹1,375 crore—leaving both the corporation and the Karnataka government on the hook. #Mangaluru #MangaluruCorporation #KarnatakaNews #GroundReport #News18 #CivicNews #DebtCrisis #KarnatakaGovernment #kannadanews #news18kannadalive #breakingnews #breakingnewsinkannada #kannadalivetv #kannadanewslive #karnatakanewslive #kannadanewschannel #livenews #latestnews   Watch News18 Kannada for Live Updates, Breaking News, Political News, Crime, Entertainment News and Film news, Sandalwood, Sports News, etc. News18 Kannada is the most preferred 24-hour Kannada news channel covering the latest news in politics, entertainment, Bollywood, Sandalwood, business and sports. Stay tuned for all the breaking news in Kannada Subscribe our channel for the latest news updates:  http://bit.ly/2uph1g3 Follow Every Breaking Story LIVE 🔴 Watch News18 LIVE 24x7: https://www.youtube.com/live/cNtB4FmzF40 Latest Kannada News | Karnataka News | Kannada News | Karnataka News Live | Kannada News Live | Karnataka News Channel Live Streaming | Kannada News TV | Karnataka News Live | Kannada Breaking News ____________________ Kannada News Live | ಕನ್ನಡ ನ್ಯೂಸ್ ಲೈವ್  Kannada Live News | ಕನ್ನಡ ಲೈವ್ ನ್ಯೂಸ್ Karnataka Latest News | ಕನ್ನಡ ಲೇಟೆಸ್ಟ್ ನ್ಯೂಸ್  #KannadaLiveNews | #ಕನ್ನಡನ್ಯೂಸ್ News18 Kannada Live | ನ್ಯೂಸ್ 18 ಕನ್ನಡ ಲೈವ್  Karnataka | ಕರ್ನಾಟಕ  Kannada | ಕನ್ನಡ Follow Us On: ----------------------------- Website: https://bit.ly/2FtnrQF Facebook:   / news18kannada   Twitter:   / news18kannada   Download our News18 Mobile App - https://onelink.to/desc-youtube