State paints a rosy picture on debt management

 The state government on Wednesday issued orders for clearing principal, interest and equity assistance of over Rs 250 crore, even as it has been able to avoid going in for an overdraft since April 1 this year.  During the same period last fiscal (April-October 2002), overdrafts by the state government were the order of the day for maintaining its liquidity position. One particular overdraft remained overdrawn (at high interest) for as long as 120 days.  A senior government official told Business Standard,