CM KCR calls Cabinet meet to discuss fund crunch
Deccan ChronicleHYDERABAD: Chief Minister K. Chandrashekar Rao has convened an emergency Cabinet meeting on Thursday at Pragathi Bhavan to take stock of the financial situation of the government in the wake of the Centre imposing restrictions on market borrowings and on mobilising loans through corporations by giving bank guarantees. The government needs to mobilise funds for Dalit Bandhu as the Chief Minister has announced to extend the scheme to 100 families each in 118 Assembly constituencies last year. For this fiscal Dalit Bandhu requires Rs 20,000 crore to cover two lakh families, for which a Rs 17,700 crore budgetary allocation was made but no funds were released from April to July. Commercial taxes, excise, stamps and registrations and transport departments remain the major revenue earning sources, but the state government has already raised liquor prices, stamps and registration charges twice last year and transport taxes last year and any further increases are politically imprudent in the shadow off the Assembly elections.