We borrowed money to repay debt incurred by BRS: Dy CM Mallu Bhatti
2 weeks, 2 days ago

We borrowed money to repay debt incurred by BRS: Dy CM Mallu Bhatti

New Indian Express  

HYDERABAD: Deputy Chief Minister Mallu Bhatti Vikramarka has accused the previous BRS government of bringing down the state finances to a stage where the Congress dispensation had to borrow fresh loans to repay the existing debts. The deputy CM said that the present government had borrowed Rs 52,118 crore, and repaid Rs 64,516 crore in the last one year. Vikramarka, who is Finance Minister, dismissed the allegations of opposition BRS MLA KT Rama Rao that the present government borrowed Rs 1 lakh crore since it came to power one year ago. Addressing a news conference at the state Secretariat on the occasion of completion of one year in office, he said: “We have spent Rs 7,625 crore on Rythu Bharosa, Rs 20,617 crore on crop loan waiver, Rs 11,382 on Cheyutha, Rs 890 crore on Rajiv Aarogyasri, Rs 442 crore on subsidy on gas cylinders, Rs 1,234 on Gruha Jyothi, Rs 11,141 crore on electricity subsidy, Rs 1,514 crore for payment towards Rythu Bheema, Rs 1,647 on rice subsidy, Rs 1,375 crore to RTC towards Mahalakshmi scheme and Rs 2,311 crore to fund Kalyana Lakshmi,” he said.

Crore Mallu Bhatti Spent Rs Brs Dy  brs  dy  repay  incurred  borrowed  subsidy  present  minister  money  rythu  crore  cm  deputy  spent  rs  state  mallu  bhatti  debt

History of this topic

BRS seeks privilege motion against Telangana government for inflating debt figures
1 week ago

BRS seeks privilege motion against Telangana government for inflating debt figures

India Today  

The Bharat Rashtra Samithi sought Speaker Gaddam Prasad’s approval for a Privilege Motion against Telangana Finance Minister Bhatti Vikramakra, accusing the state government of presenting misleading debt figures in the Assembly. “The Finance Minister’s statements misled the assembly and people of Telangana,” said KTR, BRS working president, citing the RBI Handbook of Statistics on Indian States. Tourism Talk Amid Farmer …

Ready for debate on state finances: Telangana Finance Minister Bhatti Vikramakra
1 week ago

Ready for debate on state finances: Telangana Finance Minister Bhatti Vikramakra

New Indian Express  

KHAMMAM: Slamming the previous BRS government for allegedly pushing Telangana into a debt trap during its decade-long rule by raising loans in the name of various projects, Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramakra on Sunday said that the government was ready for a debate on the issue in the winter session of the state Legislative Assembly, which …

YSRC govt caused debts of Rs 9.74 lakh crore to AP, says minister
1 month ago

YSRC govt caused debts of Rs 9.74 lakh crore to AP, says minister

Deccan Chronicle  

Vijayawada: The YSRC government “resorted to large-scale borrowings totalling over Rs 9.74 lakh crore and spent Rs 600 crore without getting approval from the state legislature during its 2019-24 term.” This was stated by finance minister Payyavula Keshav in the legislative council on Wednesday. Replying to a question from D. Rama Rao, the minister said the previous government had set …

Buggana flays Andhra government over rising debt
3 months ago

Buggana flays Andhra government over rising debt

New Indian Express  

VIJAYAWADA: Emphasising that the frustration which is typically observed after five years of governance has emerged within months, former minister Buggana Rajendranath condemned the current government for its failure to present a budget even after three months. Buggana raised concerns about the State government’s growing debt, and mentioned that coalition government had borrowed Rs 2,000 crore on June 11, Rs …

Telangana govt. faced with daunting task of payment of principal and interest on loans obtained by BRS govt.
3 months, 2 weeks ago

Telangana govt. faced with daunting task of payment of principal and interest on loans obtained by BRS govt.

The Hindu  

The State government is faced with a challenging task of raising financial resources for repayment of principal and interest on loans obtained from different financial institutions for the much-publicised Kaleshwaram lift irrigation project. The government obtained high interest loans of over 10% from the PFC and REC with repayment of majority of the loans ending by 2035, according to the …

Congress government took Rs 65,000 crore loans in 8 months: Harish
3 months, 3 weeks ago

Congress government took Rs 65,000 crore loans in 8 months: Harish

Deccan Chronicle  

Hyderabad: BRS leader Harish Rao said that the Congress government in the state had borrowed Rs 65,000 crore loans in eight months and predicted that it would raise loans of Rs 4,87,500 crore in five years. Addressing a press conference, Harish Rao demanded the that state government release a White Paper on farm loan waiver as the ministers have been …

Bhatti urges to Centre on Telangana's debt burden
3 months, 4 weeks ago

Bhatti urges to Centre on Telangana's debt burden

Deccan Chronicle  

Hyderabad: Deputy Chief Minister Mallu Bhatti Vikramarka urged Union finance minister Nirmala Sitharaman to address several pressing financial concerns faced by the state. During a meeting in Delhi on Saturday, Bhatti in presented a report on the state’s financial situation and requested the Union minister's intervention in various matters, particularly those related to Centrally- Speaking to media personnel after the …

Telangana Deputy CM Bhatti criticises BRS over crop loan waiver failures
4 months ago

Telangana Deputy CM Bhatti criticises BRS over crop loan waiver failures

New Indian Express  

KHAMMAM: Deputy Chief Minister Mallu Bhatti Vikramarka alleged that those without proper knowledge of the crop loan waiver scheme were making baseless accusations against the government. Speaking to the media in Jamalapuram village in Madhira constituency on Wednesday, he said: “The Congress government has waived Rs 2 lakh crop loan of each farmer in the very first year of coming …

CAG report shows BRS government's reliance on off-Budget borrowings
4 months, 2 weeks ago

CAG report shows BRS government's reliance on off-Budget borrowings

New Indian Express  

HYDERABAD: The Comptroller and Auditor General of India has said that the previous BRS government concealed details of Off-Budget Borrowings. “If these off-Budget borrowings were included then the state crossed the stipulated Fiscal Responsibility and Budget Management Act limits,” a CAG report on state finances for the year ending March 31, 2023 said. The CAG report said that considering the …

Bhatti terms his Budget ‘People’s Budget’ aimed at fulfilling aspirations of all sections
4 months, 3 weeks ago

Bhatti terms his Budget ‘People’s Budget’ aimed at fulfilling aspirations of all sections

The Hindu  

Deputy Chief Minister Mallu Bhatti Vikramarka has termed the Budget-2024-25 as a ‘people’s budget’ designed to meet the needs and aspirations of all sections of the society in the State. Stating that the State government would fully utilize the funds allocated for centrally Addressing Mr. Rao’s criticism of the increased estimated Excise revenue, Mr. Vikramarka assured that the government would …

Telangana: Mallu Ravi Accuses BRS, BJP of 'Goebbelsian campaign'
5 months ago

Telangana: Mallu Ravi Accuses BRS, BJP of 'Goebbelsian campaign'

Deccan Chronicle  

Hyderabad: Congress MP Mallu Ravi accused the BRS and the BJP of engaging in a "Goebbelsian campaign," aimed at spreading misinformation about the Congress government's commitment to farmer debt relief. Congress MPs, including Balram Naik, have planned thanksgiving programmes across various constituencies to express gratitude for the support and to reaffirm their commitment to the electorate. A sub-committee led by …

Telangana government to spend Rs 31,000 crore to waive off farmer loans up to Rs 2 lakh
6 months ago

Telangana government to spend Rs 31,000 crore to waive off farmer loans up to Rs 2 lakh

India TV News  

The Congress government in Telangana decided to waive loans of farmers to the tune of Rs 2 lakh by spending Rs 31,000 crore to implement its election promise today. Congress govt to spend Rs 31,000 cr Revanth Reddy said while the previous BRS government, in its two terms between 2014 and 2023, waived loans of up to Rs 28,000 crore, …

K. Atchannaidu writes to ECI seeking curbs on spending of ₹4,000 crore by ‘outgoing YSRCP govt.’
6 months, 2 weeks ago

K. Atchannaidu writes to ECI seeking curbs on spending of ₹4,000 crore by ‘outgoing YSRCP govt.’

The Hindu  

TDP State president and former Minister K. Atchannaidu on Monday wrote to the Election Commission of India demanding that the Andhra Pradesh government be directed not to spend ₹4,000 crore mobilised by it through auction of bonds, until a change of guard happens after June 4, stating that it would be an act of impropriety to make any payment out …

A.P. govt.’s debt of ₹91,253 crore is unaccounted for, alleges Jana Sena Party, demands explanation from Chief Minister
10 months, 3 weeks ago

A.P. govt.’s debt of ₹91,253 crore is unaccounted for, alleges Jana Sena Party, demands explanation from Chief Minister

The Hindu  

Jana Sena Party leader Nadendla Manohar on Monday alleged that the State government had raised a loan of approximately ₹91,253 crore through ‘reverse borrowing’, and the money was unaccounted for as it was hushed up by people in high positions. Addressing the media here on Monday, Mr. Manohar, who is the JSP’s Political Affairs Committee chairman, said that the State …

BRS Defends Taking Loans, Says Even Housewives Do It
11 months, 3 weeks ago

BRS Defends Taking Loans, Says Even Housewives Do It

Deccan Chronicle  

Hyderabad: The BRS, which governed Telangana for nearly 10 years and is currently the Opposition party in the State Assembly, defended its loan record. Former power minister G. Jagadish Reddy, took a swipe at the Congress government in the state over the issue of loans and debts of power utilities in Telangana. Taking on Deputy Chief Minister Mallu Bhatti Vikramarka, …

BRS government created Rs 50 lakh crore assets during their term: KTR
11 months, 4 weeks ago

BRS government created Rs 50 lakh crore assets during their term: KTR

Deccan Chronicle  

Hyderabad: Admitting that an unemployed youth, employed youth and government employees chose another option in recently held Assembly elections even after the BRS government spent more funds in providing employment, the BRS working president and former minister K T Rama Rao on Sunday alleged that the ruling Congress party deliberately made false statements on expenditure and debits in state. Explaining …

Telangana’s Fiscal Stress Due to KCR Govt, Debt Rose 10 Times, Alleges Congress; BRS Calls It ‘White Lies’
1 year ago

Telangana’s Fiscal Stress Due to KCR Govt, Debt Rose 10 Times, Alleges Congress; BRS Calls It ‘White Lies’

News 18  

The Telangana Legislative Assembly witnessed fireworks over a white paper on state finances released by deputy chief minister Mallu Bhatti Vikramarka on Wednesday. While the Congress government maintained that the paper was meant to educate people about the way the previous K Chandrashekar Rao’s government destroyed the state financially, the Opposition, Bharat Rashtra Samithi, said the paper was full of …

Telangana Deputy CM Bhatti: Took Finance Ministry as a Challenge
1 year ago

Telangana Deputy CM Bhatti: Took Finance Ministry as a Challenge

Deccan Chronicle  

Hyderabad: Deputy Chief Minister and finance minister Mallu Bhatti Vikramarka reviewed the financial condition of the state with officials at the Secretariat soon after Chief Minister A. Revanth Reddy allocated him the portfolio on Saturday. Bhatti said that the Telangana government has a debt burden of nearly Rs 5.50 lakh crore and despite which he had accepted the responsibility of …

White Paper of Congress Govt Blames Previous BJP Regime's 'Fiscal Mismanagement' for Himachal's Debt Distress
1 year, 3 months ago

White Paper of Congress Govt Blames Previous BJP Regime's 'Fiscal Mismanagement' for Himachal's Debt Distress

News 18  

With the Congress government in Himachal Pradesh presenting a white paper on the state’s finances, an acrimonious exchange was witnessed between opposition and treasury benches in the assembly after the report indicated a grim fiscal health with the state’s financial liabilities mounting to Rs 92,774 crore. Agnihotri read the report amid a charged atmosphere, while blaming the previous BJP regime …

BRS offer: Rs 1L waiver, more aid in schemes
1 year, 3 months ago

BRS offer: Rs 1L waiver, more aid in schemes

Deccan Chronicle  

HYDERABAD: The BRS is expected to promise the increase the Rythu Bandhu amount to Rs 12,000 per acre per year from Rs 10,000 currently, if it forms government after the polls. Aiming for a hat-trick victory, the party is set to retain its promise of waiving crop loans to up to Rs 1 lakh, which was the same it had …

Former A.P. Finance Minister Yanamala Ramakrishnudu seeks clarification on CAG’s findings on State’s fiscal position
1 year, 4 months ago

Former A.P. Finance Minister Yanamala Ramakrishnudu seeks clarification on CAG’s findings on State’s fiscal position

The Hindu  

Former Finance Minister and TDP Politburo member Yanamala Ramakrishnudu wrote a letter to Special Chief Secretary S.S. Rawat on August 23, seeking a clarification whether the recent findings of the Comptroller & Auditor General of India on the State’s financial position in FY 2021-22 reflect the true picture. He stated that two inevitable conclusions could be drawn from the CAG’s …

TS Debts Skyrocket Under BRS Govt, Saddling Each Child with ₹1.25 L Debt: Congress
1 year, 6 months ago

TS Debts Skyrocket Under BRS Govt, Saddling Each Child with ₹1.25 L Debt: Congress

Deccan Chronicle  

Karimnagar: At the time of the formation of Telangana, the state had only ₹50,000 crores of debts but in the past nine years of ruling of the BRS government, its debts have increased to ₹5.5 Lakh crore, saddling each child born in the state with ₹1.25 lakh debt, alleged Congress senior leader and MLC T. Jeevan Reddy on Sunday. He …

KCR’s misrule pushed state into debt trap: Rajendar
1 year, 10 months ago

KCR’s misrule pushed state into debt trap: Rajendar

Deccan Chronicle  

Hyderabad: BJP MLA Etala Rajendar alleged that the misrule of Chief Minister K. Chandrasekhar Rao threw the prosperous Telangana state into a debt trap. When Telangana state was formed, the state’s debts were Rs 77,000 crore and now it has reached Rs 5 lakh crore, he alleged. Rama Rao and T. Harish Rao are spreading false propaganda of Rs 100 …

BRS has emptied state coffers, alleges BJP\'s Prabhakar
1 year, 11 months ago

BRS has emptied state coffers, alleges BJP\'s Prabhakar

Deccan Chronicle  

HYDERABAD: Accusing the BRS led state government of faking budget figures, Telangana BJP vice-president and former MLA NVSS Prabhakar on Monday challenged state finance minister Harish Rao for a debate on state finances. Addressing a press conference, the BJP leader said the government was planning a Rs 2,45,257 crore budget for 2023-24, and has plans to inflate the budget numbers …

West Bengal govt breached loan limit with Reserve Bank, says BJP
2 years, 1 month ago

West Bengal govt breached loan limit with Reserve Bank, says BJP

Firstpost  

Taking to Twitter, Suvendu Adhikari, the BJP MLA from Nandigram urged the Union Finance Ministry to advise the West Bengal government to generate internal revenues by modifying its land policy Kolkata: Suvendu Adhikari, the Leader of the Opposition in West Bengal, today claimed that the state government has “breached its borrowing limit” under the Fiscal Responsibility & Budget Management Act …

Corruption Reflection of Bengal's Economic Decay: BJP Leader And Economist Ashok Lahiri to News18 - News18
2 years, 3 months ago

Corruption Reflection of Bengal's Economic Decay: BJP Leader And Economist Ashok Lahiri to News18 - News18

News 18  

Sample these official budget figures of the West Bengal government for 2022-2023. The state’s total outstanding debt stands at a staggering estimated amount of Rs 5,86,438 crore for the current fiscal. While the state’s budgeted revenue receipts for the current financial year are estimated at Rs 1,98,067 crore, it is expected to receive around Rs 59,916 crore as grants and …

TRS pushed Telangana into debt trap: Bhatti
2 years, 3 months ago

TRS pushed Telangana into debt trap: Bhatti

Deccan Chronicle  

Hyderabad: Congress Legislature Party leader Mallu Bhatti Vikramarka on Tuesday lashed out at the TRS government for pushing Telangana state into a debt trap in eight years due to financial indiscipline. Two short discussions were held in Legislative Assembly on Tuesday on ‘Central government dual policy in implementation of FRBM ActImpact on State's progress’ and ‘Failure of Central government in …

Telangana government raised ₹2.41 lakh crore loans since its formation
2 years, 9 months ago

Telangana government raised ₹2.41 lakh crore loans since its formation

The Hindu  

The State has borrowed ₹2.41 lakh crore in the form of loans from various agencies since its formation in 2014-15. Loans from the open market constituted the major chunk of borrowings at ₹2.18 lakh crore while money raised from power bonds/UDAY scheme was pegged at ₹8,923 crore. The Central government allowed additional borrowings of ₹1,435 crore in 2019-20 for relief …

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