After announcing Rythu Bharosa from Sankranti, Telangana decides to raise ₹30,000 crore market borrowings in Q4
4 days, 19 hours ago

After announcing Rythu Bharosa from Sankranti, Telangana decides to raise ₹30,000 crore market borrowings in Q4

The Hindu  

Telangana Government has decided to raise a huge ₹30,000 crore market borrowings during the last quarter of the current financial year. The decision to raise ₹30,000 crore in the last quarter follows the Government’s announcement of implementing Rythu Bharosa, farmers investment subsidy scheme, involving crediting of ₹7,500 an acre into the accounts of eligible farmers whose lands are under cultivation, after Sankranti festival. The huge market borrowings are proposed at a time when the Union Finance Ministry had imposed restrictions on the borrowing limits of the State Government since past couple of years citing financial management concerns. The State had borrowed ₹37,850 crore till November end, according to the provisional data released by the Comptroller and Auditor General of India and the State had raised another ₹3,909 crore in December taking the total market borrowings in nine months to more than ₹41,750 crore and leaving scope for borrowing another ₹8,000 crore.

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History of this topic

Telangana to implement Rythu scheme from Jan 26, issue ration cards for eligible
1 day, 11 hours ago

Telangana to implement Rythu scheme from Jan 26, issue ration cards for eligible

Hindustan Times  

The Telangana state cabinet on Saturday announced the implementation of “Rythu Bharosa” scheme of providing financial assistance to farmers cultivating lands from January 26, coinciding with the 75th Republic Day of India. Chief minister A Revanth Reddy Announcing this at a press conference after the cabinet meeting, chief minister A Revanth Reddy said apart from Rythu Bharosa scheme, the cabinet …

Telangana to borrow Rs 30,000 cr in 3 months
Trending News
4 days, 12 hours ago

Telangana to borrow Rs 30,000 cr in 3 months

Deccan Chronicle  

Hyderabad: The state government has decided to raise Rs 30,000 crore in loans through market borrowings during the final quarter of the current fiscal year. According to a report from the Comptroller and Auditor General of India, the state government had already raised Rs 37,850 crore in market borrowings during the fiscal year 2024-25 up until November 2024. This proposed …

Telangana State Cabinet to Meet on Key Issues on Jan. 4
5 days, 11 hours ago

Telangana State Cabinet to Meet on Key Issues on Jan. 4

Deccan Chronicle  

Hyderabad: The state Cabinet is scheduled to meet on January 4 to discuss a wide range of crucial issues. The agenda includes reports from the Dedicated BC Commission regarding reservations for Backward Castes communities in local bodies, the one-man commission's findings on SC sub-categorisation, the introduction of Rythu Bharosa to replace Rythu Bandhu, new ration card distribution, and the formation …

Tenders for RRR works will be called for soon, says Bhatti
1 week, 6 days ago

Tenders for RRR works will be called for soon, says Bhatti

Deccan Chronicle  

Hyderabad: Deputy Chief Minister Bhatti Vikramarka Mallu here on Monday said that everyone would witness vibrant Telangana with extensive development and welfare programmes in the coming days. State government credited Rs.21,000 crore to banks in a span of two months under loan waiver scheme for farmers. The State government is giving Rs 20,000 crore interest free loans every year with …

Telangana: Bhatti Bats for Borrowing Flexibility, Fiscal Autonomy
2 weeks, 2 days ago

Telangana: Bhatti Bats for Borrowing Flexibility, Fiscal Autonomy

Deccan Chronicle  

Hyderabad: Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramarka said that Telangana supported a realistic fiscal deficit target of 4.5 per cent of the gross domestic product to sustain momentum in infrastructure development and employment generation. Bhatti said the state would prefer a growth-driven approach to reduce the debt-to-GDP ratio rather than an austerity-driven strategy from the financial year …

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

Telangana not 'rising' but falling, Revanth full of lies: KTR
1 month ago

Telangana not 'rising' but falling, Revanth full of lies: KTR

Deccan Chronicle  

HYDERABAD: BRS working president K.T. Rama Rao on Wednesday stated that the single biggest “achievement” of Chief Minister A. Revanth Reddy was to constantly sling mud at his opponents. Addressing a press conference at Telangana Bhavan, the BRS headquarters, Rama Rao said that instead of meaningless rhetoric and abuse of the Opposition, Revanth Reddy should inform people of what service …

States borrow ₹30,790 crore in the Nov auction; FY25 borrowings stand at 2.1 tn
1 month, 1 week ago

States borrow ₹30,790 crore in the Nov auction; FY25 borrowings stand at 2.1 tn

Live Mint  

Twelve states collectively raised ₹30,790 crore on Tuesday through state government securities auctions for November, reflecting a pick-up in economic activity after a sluggish start to the fiscal year, according to data released by the Reserve Bank of India. Incidentally, state borrowings through dated government securities had seen a rise following a slowdown during Q1FY25, when states raised ₹52,971 crore, …

Rythu Bharosa of ₹7,500 Announced for Rabi Season: Centre to Provide Relief to 22 Lakh Farmers
2 months, 2 weeks ago

Rythu Bharosa of ₹7,500 Announced for Rabi Season: Centre to Provide Relief to 22 Lakh Farmers

Deccan Chronicle  

The Telangana government has announced that Rythu Bharosa of Rs 7,500 will be provided to all farmers in the state from the Rabi season. The government will complete the loan waiver for the remaining farmers by December. The minister also informed that the Centre was buying only 25 per cent of the pulses purchased by the state government at MSP. …

Farmers to receive assistance under Rythu Bharosa after completion of crop loan waiver: Telangana Agri Minister
2 months, 4 weeks ago

Farmers to receive assistance under Rythu Bharosa after completion of crop loan waiver: Telangana Agri Minister

The Hindu  

Minister of Agriculture, Tummala Nageswara Rao, reiterated Telangana government’s commitment to complete the Crop Loan Waiver Scheme, ensuring that every eligible farmer will benefit. He also mentioned that Rythu Bharosa assistance would be provided to farmers after the crop loan waiver is completed. Accusing Opposition parties of unnecessary criticism, the Minister noted that the loan waiver process was ongoing and …

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

Bhatti urges to Centre on Telangana's debt burden
4 months, 1 week 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 …

‘Andhra’s debt rose to over ₹9 lakh crore’: Naidu in white paper
5 months, 1 week ago

‘Andhra’s debt rose to over ₹9 lakh crore’: Naidu in white paper

Hindustan Times  

Telugu Desam Party president and Andhra Pradesh chief minister N Chandrababu Naidu on Friday alleged that the state’s economy had witnessed a sharp fall in the growth rate from 13.5% to 10.5% during the five-year regime of the previous YSR Congress Party government, resulting in a loss of revenue up to ₹6.94 lakh crore. The chief minister said the state’s …

Telangana govt presents ₹2.91 lakh-cr budget, agriculture gets lion’s share
5 months, 1 week ago

Telangana govt presents ₹2.91 lakh-cr budget, agriculture gets lion’s share

Hindustan Times  

Telangana finance minister Mallu Bhatti Vikramarka on Thursday presented a ₹2.91 lakh crore state budget for 2024-25 in the assembly, with the total revenue expenditure expected to be ₹2.21 lakh crore and capital expenditure ₹33,487 crore, even as the Congress-led government allocated major chunk to agriculture, panchayati raj and rural development and irrigation departments. Stating that the Congress-led state government …

Telangana Government presents State Budget with total outlay of ₹2.91 lakh crore
5 months, 1 week ago

Telangana Government presents State Budget with total outlay of ₹2.91 lakh crore

The Hindu  

The Telangana State Government has presented ₹2.91 lakh crore Budget for the Financial Year 2024-25 with emphasis on welfare and development of agriculture and allied sectors. Finance Minister Mallu Bhatti Vikramarka introduced the Budget in the Assembly on July 25 with estimated revenue expenditure of ₹2.2 lakh crore and capital expenditure of ₹33,487 crore. The Finance Minister presented the Budget, …

Telangana Cabinet approves budget for 2024-25
5 months, 1 week ago

Telangana Cabinet approves budget for 2024-25

Deccan Chronicle  

Hyderabad: The State Cabinet approved the budget to be presented by the Deputy Chief Minister Mallu Bhatti Vikramarka at a meeting chaired by the Chief Minister A Revanth Reddy in the Assembly Hall here on Thursday. Bhatti, who also holds the finance portfolio, will present the budget in the State Assembly at 12 noon. Bhatti handed over the copies related …

Rs 2.5 lakh crore Telangana budget to focus on 6Gs
5 months, 1 week ago

Rs 2.5 lakh crore Telangana budget to focus on 6Gs

New Indian Express  

HYDERABAD: Finance Minister Mallu Bhatti Vikramarka will present the first full Budget of the Congress government after the formation of Telangana on Thursday. According to sources, the Budget for the financial year 2024–25 would be around Rs 2.5 lakh crore to Rs 2.9 lakh crore. Apart from this, an estimated Rs 15,000 crore would be required for implementing the Rythu …

Telangana: Mallu Ravi Accuses BRS, BJP of 'Goebbelsian campaign'
5 months, 2 weeks 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 …

Farm Loan Waiver Hype is with an Eye on Ensuing Local Body Elections: Bandi
5 months, 2 weeks ago

Farm Loan Waiver Hype is with an Eye on Ensuing Local Body Elections: Bandi

Deccan Chronicle  

Hyderabad: Union minister of state for home Bandi Sanjay Kumar demanded that the Congress government in the state waive crop loans up to Rs.2 lakh without laying conditions, as it had promised during the Assembly elections. In a statement here on Thursday, Sanjay asked the Congress about Rythu Bharosa for the rabi and kharif seasons and setting pre-conditions and cutting …

Telangana Government to credit ₹1 lakh into loan accounts of farmers under Crop Loan Waiver Scheme 2024
5 months, 2 weeks ago

Telangana Government to credit ₹1 lakh into loan accounts of farmers under Crop Loan Waiver Scheme 2024

The Hindu  

As the stage is being set for the roll put of the crop loan waiver scheme, Telangana Government is making necessary arrangements to credit the amounts into loan accounts of farmers in different banks. ₹31,000 crore additional burden The total additional burden on the State exchequer on account of loan waiver up to ₹2 lakh, in Chief Minister A. Revanth …

Tamil Nadu government plans to borrow ₹24,000 crore in Q2, 2024-25
6 months ago

Tamil Nadu government plans to borrow ₹24,000 crore in Q2, 2024-25

The Hindu  

Tamil Nadu government plans to borrow ₹24,000 crore in the second quarter of fiscal 2024-2025, as per the Indicative Calendar of Market borrowings by State governments/Union Territories, released by the Reserve Bank of India. Tamil Nadu government plans to borrow a total amount of ₹1,55,584.48 crore during 2024-25 and make repayment of ₹49,638.82 crore, as per the State Budget. At …

Telangana government to seek farmers’ views on Rythu Bharosa
6 months, 1 week ago

Telangana government to seek farmers’ views on Rythu Bharosa

New Indian Express  

HYDERABAD : The state government has decided to hold a public hearings on Rythu Bharosa to seek views of farmers on implementation of the scheme. Deputy Chief Minister Mallu Bhatti Vikramarka revealed this during a review meeting he and Agriculture Minister Thummala Nageswara Rao held with the officials of Agriculture, Marketing, Textile and Handlooms departments on budget proposals here on …

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

Telangana Govt faced with twin challenges of implementing crop loan waiver and crediting Rythu Bharosa kharif instalment
6 months, 3 weeks ago

Telangana Govt faced with twin challenges of implementing crop loan waiver and crediting Rythu Bharosa kharif instalment

The Hindu  

Telangana government is faced with the twin challenges of fulfilling the promise of crop loan waiver upto ₹2 lakh to farmers and crediting the amounts under Rythu Bharosa, the Farmers’ Investment Support Scheme, in the next couple of months. While the government is mulling various options for raising resources to ensure crop loan waiver, implementation of the Rythu Bharosa will …

Lok Sabha polls: Election Commission halts Telangana’s welfare scheme for farmers
7 months, 4 weeks ago

Lok Sabha polls: Election Commission halts Telangana’s welfare scheme for farmers

Hindustan Times  

The Election Commission of India on Tuesday directed the Telangana government to defer disbursement of funds to farmers under Rythu Bharosa scheme till Lok Sabha polls are held in the state on May 13, while maintaining that chief minister A Revanth Reddy has violated the model code of conduct by publicly referring to the payouts in his elections campaigns. Full …

Farmer welfare our priority: CM Jagan Mohan Reddy
10 months, 1 week ago

Farmer welfare our priority: CM Jagan Mohan Reddy

New Indian Express  

VIJAYAWADA : Chief Minister YS Jagan Mohan Reddy on Wednesday disbursed Rs 1,294.34 crore under the YSR Rythu Bharosa-PM Kisan and YSR Sunna Vaddi Panta Runalu schemes. Of the total sum released, Rs 1,078.36 crore was extended to 53.58 lakh farmers under Rythu Bharosa and Rs 215.98 crore to 10,78,615 ryots towards interest subvention for timely repayment of interest on …

Telangana: CAG suggests reforms, an end to indirect borrowings system
10 months, 3 weeks ago

Telangana: CAG suggests reforms, an end to indirect borrowings system

New Indian Express  

HYDERABAD: The Comptroller and Auditor General recommended that the state government tread a reform path to end indirect borrowings within a set timeframe, as recommended by the Fifteenth Finance Commission. The CAG also recommended the government to fully disclose its off-budget borrowings taken through Special Purpose Vehicles/Public Sector Undertakings/Autonomous Bodies for implementation of government schemes/programmes/works in the interest of transparency. …

Tamil Nadu plans to borrow ₹37,000 crore in the last quarter of fiscal 2023-24
1 year ago

Tamil Nadu plans to borrow ₹37,000 crore in the last quarter of fiscal 2023-24

The Hindu  

The Tamil Nadu government plans to borrow ₹37,000 crore in the fourth quarter of fiscal 2023-24, according to the indicative calendar of market borrowings released by the Reserve Bank of India. So far in fiscal 2023-24, Tamil Nadu’s total tax revenue stood at about ₹1.27 lakh crore, which is 57.27% of the budgeted estimates, according to the provisional figures from …

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 …

In Telangana, few funds, but many promises
1 year, 4 months ago

In Telangana, few funds, but many promises

The Hindu  

The Bharat Rashtra Samithi-led Telangana government’s struggle to mobilise funds to effectively implement its flagship schemes is proving to be worrying for it, with the State set for elections in less than six months. The government made a budgetary provision of ₹17,700 crore for Dalit Bandhu, where the government provides a one-time capital assistance of ₹10 lakh each to Dalit …

Off-budget borrowings of Andhra Pradesh government put at ₹79,815 crore, says Centre
1 year, 5 months ago

Off-budget borrowings of Andhra Pradesh government put at ₹79,815 crore, says Centre

The Hindu  

The Central government has said that the off-budget borrowings by the Andhra Pradesh government will be considered as State government loans. Andhra Pradesh government’s off-budget borrowings stand at ₹79,815 crore and the excess over the borrowings by the State government will be adjusted in the subsequent financial years, it has said. Giving a reply to a question raised by TDP …

AP Exhausted 97.4% of Credit Limit under RBI: TD
1 year, 5 months ago

AP Exhausted 97.4% of Credit Limit under RBI: TD

Deccan Chronicle  

Vijayawada: National spokesman of Telugu Desam, Kommareddy Pattabhiram on Sunday tore into the Chief Minister Y.S. Jagan Mohan Reddy-led Andhra Pradesh government, saying it had already exhausted 97.4 per cent of its credit limit under the Reserve Bank of India. He said at Rs 40,000 crore, Tamil Nadu had borrowed more than AP this financial year but it was okay …

Centre permits TS to borrow Rs 12,500 crore in Q1 of FY 2023-24
1 year, 9 months ago

Centre permits TS to borrow Rs 12,500 crore in Q1 of FY 2023-24

Deccan Chronicle  

Hyderabad: The Centre has permitted Telangana state government to borrow Rs 12,500 crore through auction of bonds in the first quarter of the new fiscal. Due to the restrictions imposed by the Centre on the loans, the state government could not borrow nearly Rs 14,000 crore that was provisioned in the Budget in the 2022-23 fiscal, which ended on Friday. …

Karnataka Budget 2023: Interest Free Loan For Farmers Hiked To Rs 5 Lakh
1 year, 10 months ago

Karnataka Budget 2023: Interest Free Loan For Farmers Hiked To Rs 5 Lakh

News 18  

Karnataka CM Basavaraj Bommai proposed to hike the interest-free loan for farmers to Rs 5 lakh from existing Rs 3 lakh while presenting the state budget 2023-24 on Friday. The increased loan amount will directly help more than 30 lakh farmers in the state and a total amount to the tune of Rs 25,000 crore is estimated to be disbursed. …

Telangana Budget: Minorities, Brahmins & Flagship Schemes in Focus; FM Slams 'Hurdles' by Centre
1 year, 10 months ago

Telangana Budget: Minorities, Brahmins & Flagship Schemes in Focus; FM Slams 'Hurdles' by Centre

News 18  

Telangana Finance Minister Harish Rao presented a budget of Rs 2,90,396 crore in the state legislative assembly on Monday. In his speech, the finance minister said: “Despite problems arising out of economic recession and the coronavirus pandemic, Telangana has been successful in withstanding their adverse impacts and emerged as a strong economic power.” He pointed out: “The share of Telangana …

Centre approves Rs 6,500 cr loans for TS, Rs 12,000 cr for AP
2 years ago

Centre approves Rs 6,500 cr loans for TS, Rs 12,000 cr for AP

Deccan Chronicle  

Hyderabad: In further relief to the Telangana state government, the Centre on Monday allowed it to raise Rs 6,572 crore loans through auction of bonds for the last quarter of the financial year, January-March 2022-23. The TS government has already garnered Rs 29,500 crore through the auction of bonds by the Reserve Bank of India in the first nine months …

Cash-strapped Telangana looks to raise Rs.2000 cr for Rythu Bandhu
2 years ago

Cash-strapped Telangana looks to raise Rs.2000 cr for Rythu Bandhu

Deccan Chronicle  

HYDERABAD: Following Chief Minister K. Chandrashekar Rao's instruction to the finance ministry to begin disbursing Rythu Bandhu funds to farmers for the rabi season on December 28, for which Rs. So far in the fiscal year 2022-23, the state government has raised Rs. Further, the Centre refused 0.5 per cent additional borrowing under the FRBM Act after the state government …

Cash-strapped Telangana govt asks staff to cut expenses
2 years, 1 month ago

Cash-strapped Telangana govt asks staff to cut expenses

Deccan Chronicle  

Hyderabad: The state government is most likely to ask all departments to cut their expenditure by 30 to 50 per cent in the remaining four months of this fiscal, till March 31, in the wake of a huge shortfall in fund mobilisation. Official sources said the finance department had started reworking allocations to the departments in the wake of Chief …

TS gets Centre\'s nod to raise Rs 3,500 in bond auction
2 years, 1 month ago

TS gets Centre\'s nod to raise Rs 3,500 in bond auction

Deccan Chronicle  

HYDERABAD: In a much-needed reprieve, the cash-strapped Telangana government received approval from the Centre to raise an additional Rs 3,500 crore through bond auctions in November and December. It informed the state government that Telangana's NBC had been set at Rs 42,428 crore, taking into account off-budget borrowings through various corporations and bank guarantees over the last three years. The …

Telangana hopeful of raising Rs 1,500 crore via market borrowings
2 years, 4 months ago

Telangana hopeful of raising Rs 1,500 crore via market borrowings

Deccan Chronicle  

HYDERABAD: The Telangana state government saw no significant reductions in its market borrowings from the Centre in the second quarter of this financial year when compared to the first quarter. The state government has sought permission to raise Rs 9,000 crore in the second quarter through auction of bonds by the Reserve Bank of India. However, the Centre suspended all …

TS seeks centre nod to raise Rs 9,000 crore
2 years, 6 months ago

TS seeks centre nod to raise Rs 9,000 crore

Deccan Chronicle  

Hyderabad: The Telangana State government has sought the Centre’s approval to raise Rs 9,000 crore through the auction of bonds in the second quarter of the current fiscal. The state government submitted the intent to raise Rs 3,000 crore in July, Rs 3,000 crore in August and Rs 3,000 crore in September. Following severe objections raised by the state government …

TS government raises Rs.4000 crore through auction of bonds
2 years, 6 months ago

TS government raises Rs.4000 crore through auction of bonds

Deccan Chronicle  

HYDERABAD: The state government on Tuesday raised Rs.4,000 crore through auction of bonds conducted by the Reserve Bank of India. This is for the first time that the state government has raised loans in this fiscal after the Centre halted Telangana from raising loans in the first two months of this fiscal. The state government requested the Centre to allow …

TS gets Central nod to auction bonds
2 years, 7 months ago

TS gets Central nod to auction bonds

Deccan Chronicle  

HYDERABAD: In a major relief to the cash-strapped state government, the Centre on Friday gave its nod to auction government securities to earn Rs 4,000 crore after a gap of two months. Incidentally, the Centre gave its approval to Telangana to auction bonds a day after Chief Minister K. Chandrashekar Rao made a blistering attack on the BJP-led government at …

Telangana faces cash crunch, sends SOS for Rs 14,000cr
2 years, 7 months ago

Telangana faces cash crunch, sends SOS for Rs 14,000cr

Deccan Chronicle  

HYDERABAD: The finance department is learnt to have sent an SOS to the state government to bring to its urgent notice the precarious financial condition being faced because of the Centre stopping loans to Telangana since April. According to official sources, the finance department has alerted the Chief Secretary’s Office and the Chief Minister’s Office on the urgent need for …

Central government yet to respond to Telangana government’s request to raise funds through open market borrowings
2 years, 7 months ago

Central government yet to respond to Telangana government’s request to raise funds through open market borrowings

The Hindu  

The Central government is yet to respond to the Telangana government’s request to raise funds through open market borrowings via the Reserve Bank of India. The crux of the matter pertains to: a) the Comptroller and Auditor General of India expressing concerns over the State’s off-budget borrowings; and b) the Union Finance Secretary raising serious questions over Telangana’s borrowings in …

Telangana: Big projects yield no cash, hits state plans
2 years, 7 months ago

Telangana: Big projects yield no cash, hits state plans

Deccan Chronicle  

HYDERABAD: Mission Bhagiratha and the Kaleshwaram project account for a major chunk of bank guarantees given by the state government for raising loans. The Centre wants to treat bank guarantees as part of state government debt, which the Telangana state government is strongly opposed to. The state government created the Kaleshwaram Irrigation Project Corporation Ltd to raise funds for the …

Telangana can raise funds through bonds, says Centre
2 years, 7 months ago

Telangana can raise funds through bonds, says Centre

Deccan Chronicle  

Hyderabad: The Centre is learnt to have granted “conditional approval” to the state government to raise funds through the auction of bonds this month, after hearing concerns of the state finance department officials. Rao pointed out that the Centre had given states Rs 12,000 crore in 2020-21, Rs 15,000 crore in 2021-22 and Rs 1 lakh crore in 2022-23 towards …

Telangana borrowed Rs 2.4 lakh crore in 8 years
2 years, 9 months ago

Telangana borrowed Rs 2.4 lakh crore in 8 years

Deccan Chronicle  

Hyderabad: The total loans taken by the state government from June 2014 up to February are at Rs 2,41,395 crore. NCDC loans were utilised for sheep and goat development cooperative federation for distribution of sheep and goat while Hudco loans were utilised for construction of 2BHK houses for the poor through TS Housing Corporation Ltd. Power bods/ Uday scheme loans …

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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