A revenue surplus state, Telangana now debt-ridden: FM Nirmala Sitharaman
1 month, 1 week ago

A revenue surplus state, Telangana now debt-ridden: FM Nirmala Sitharaman

New Indian Express  

HYDERABAD: Union Finance Minister Nirmala Sitharaman on Thursday said that Telangana, a revenue surplus state at the time of AP reorganisation, was now debt-ridden. While the Finance minister was addressing the House during the general discussion on the Union Budget, the Congress member interrupted her, asking what the Union government has given to Telangana and what was the status of assurances given under the AP Reorganisation Act. In response Sitharaman stated: “At the time of reorganisation of Andhra Pradesh, Telangana was revenue surplus. I am speaking on behalf of Telangana and its people.” She highlighted that the Kakatiya Mega Textile Park in Warangal has been designated as a PM-MITRA Mega Textile Park, and in August 2024, the Union Cabinet approved an industrial node at Zaheerabad under the National Industrial Corridor Development Programme.

Telangana Sitharaman Revenue Surplus  party  revenue  park  state  nirmala  reorganisation  sitharaman  surplus  debtridden  union  telangana  fm  textile

History of this topic

“Huge deficit” in R&B Dept allocation leads to interesting debate in Telangana Assembly
2 days, 7 hours ago

“Huge deficit” in R&B Dept allocation leads to interesting debate in Telangana Assembly

The Hindu  

The “huge deficit” in the allocation of funds for the Telangana Roads and Buildings department led to an interesting debate in the Legislative Assembly on Tuesday with the main Opposition Bharat Rashtra Samiti expressing doubts over the government’s sincerity in taking up major works including the Regional Ring Road. ₹4,935 crore for work component while over ₹16,200 crore is required …

Telangana government tables ₹3.04 lakh-crore budget with focus on welfare, industrial growth
1 week ago

Telangana government tables ₹3.04 lakh-crore budget with focus on welfare, industrial growth

Hindustan Times  

Telangana finance minister Mallu Bhatti Vikramarka on Wednesday presented a ₹3.04 lakh crore state budget for 2025-26 in the assembly, announcing a “Mega Master Plan 2050” for industrial development not just in IT hub Hyderabad but across the Telugu state. Telangana Deputy Chief Minister and Finance Minister Bhatti Vikramarka presents the State Budget for 2025-26 in the state Assembly, in …

Telangana Budget: ₹5,907 crore allocated for R&B department
1 week, 1 day ago

Telangana Budget: ₹5,907 crore allocated for R&B department

The Hindu  

To improve road and other infrastructure in both the rural and urban areas, the Telangana government has proposed an allocation of ₹5,907 crore for the Roads & Buildings department in the Budget-2025-26. “The innovative ‘Hybrid Annuity Model ’, adopted by the State government is set to expedite development, will speed up road infrastructure development ensuring efficient resource utilisation,” said Deputy …

Telangana budget 2025-26: Municipal Administration & Urban Development gets ₹17,677 crore
1 week, 1 day ago

Telangana budget 2025-26: Municipal Administration & Urban Development gets ₹17,677 crore

The Hindu  

The Congress Government in Telangana has announced an allocation of ₹17,677 crore for funding the various projects under the Municipal Administration and Urban Development department including a novel three year ₹4,500 crore investment plan for the growth and development of newly established municipalities and urban development authorities for enhanced urban infrastructure and sustainable urban development. “Telangana is witnessing the fastest …

Telangana allots Rs 56,000 crore for poll promises in Rs 3.05 lakh crore budget
1 week, 1 day ago

Telangana allots Rs 56,000 crore for poll promises in Rs 3.05 lakh crore budget

India Today  

The Congress-led Telangana government on Wednesday presented a budget of Rs 3.049 lakh crore for the fiscal year 2025-26, with a major focus on implementing its six poll guarantees. The budget, tabled by Deputy Chief Minister Mallu Bhatti Vikramarka in the state Assembly, earmarks over Rs 56,000 crore for these welfare schemes, while planning to raise Rs 64,000 crore through …

Telangana presents ₹3.04-lakh-crore budget for 2025-26
Top News
1 week, 1 day ago

Telangana presents ₹3.04-lakh-crore budget for 2025-26

The Hindu  

The Telangana Government has presented a massive ₹3.04 lakh crore budget for the financial year 2025-26. The budget however reflects the State’s continued dependence on borrowings estimated at close to ₹70,000 crore including open market borrowings of ₹64,539 crore during the next fiscal. On the revenue receipts front, the State estimated the revenue to be at ₹2.29 lakh crore of …

Telangana Rising with Rs 3 lakh cr Budget
Top News
1 week, 1 day ago

Telangana Rising with Rs 3 lakh cr Budget

Deccan Chronicle  

Hyderabad: Deputy Chief Minister and finance minister Mallu Bhatti Vikramarka on Wednesday presented the state's Budget for 2025-26 with an outlay of Rs 3,04,965 crore. The budget projected a revenue surplus of Rs 2,783 crore in 2025-26, which is lower than Rs 5,888.71 crore projected in revised estimates for 2024-25. The budget projected a fiscal deficit of Rs 54,009 crore …

Telangana Rising with Rs 3 lakh cr Budget
Top News
1 week, 1 day ago

Telangana Rising with Rs 3 lakh cr Budget

Deccan Chronicle  

Hyderabad: Deputy Chief Minister and finance minister Mallu Bhatti Vikramarka on Wednesday presented the state's Budget for 2025-26 with an outlay of Rs 3,04,965 crore. The budget projected a revenue surplus of Rs 2,783 crore in 2025-26, which is lower than Rs 5,888.71 crore projected in revised estimates for 2024-25. The budget projected a fiscal deficit of Rs 54,009 crore …

Telangana Rising with Rs 3 lakh cr Budget
Top News
1 week, 1 day ago

Telangana Rising with Rs 3 lakh cr Budget

Deccan Chronicle  

Hyderabad: Deputy Chief Minister and finance minister Mallu Bhatti Vikramarka on Wednesday presented the state's Budget for 2025-26 with an outlay of Rs 3,04,965 crore. The budget projected a revenue surplus of Rs 2,783 crore in 2025-26, which is lower than Rs 5,888.71 crore projected in revised estimates for 2024-25. The budget projected a fiscal deficit of Rs 54,009 crore …

Telangana Budget 2025-26 to be presented in Assembly on Wednesday
1 week, 2 days ago

Telangana Budget 2025-26 to be presented in Assembly on Wednesday

The Hindu  

The stage is all set for the presentation of Telangana’s annual financial statement, budget, for the financial year 2025-26 in the Legislative Assembly on Wednesday. Deputy Chief Minister Mallu Bhatti Vikramarka, who holds the Finance portfolio, will present the budget in the House around noon on Wednsday even as the Finance department officials initiated efforts to fine tune the annual …

Centre allocates Rs 5,688 crore for NH projects in Telangana
2 weeks, 2 days ago

Centre allocates Rs 5,688 crore for NH projects in Telangana

New Indian Express  

HYDERABAD: The Union government has allocated Rs 5,688.33 crore for ongoing and new National Highway projects in Telangana for the fiscal year 2025-26. According to the Ministry of Road Transport and Highways’ Demands for Grants, Rs 4,158.33 crore has been earmarked for ongoing projects and sanctioned works costing above Rs 5 crore. Currently, the Centre is executing various NH projects …

Centre’s impetus for development of Telangana is enormous: Kishan Reddy
1 month, 1 week ago

Centre’s impetus for development of Telangana is enormous: Kishan Reddy

Deccan Chronicle  

Hyderabad: Union Coal Minister G Kishan Reddy on Monday said that the Finance Minister Nirmala Sitharaman had allocated funds and projects on a large scale for Telangana. The NDA government led by Prime Minister Narendra Modi’s impetus to infrastructure building, socio-economic upliftment and all-round development of Telangana has been consistent and enormous. The Central government sanctioned establishment of Kakatiya Mega …

BRS created inexhaustible assets for Telangana, BJP insurmountable debt: KTR
1 month, 1 week ago

BRS created inexhaustible assets for Telangana, BJP insurmountable debt: KTR

New Indian Express  

HYDERABAD: Objecting to the statement Union Finance Minister Nirmala Sitaraman made on Telangana finances in Rajya Sabha, BRS working president KT Rama Rao said that the 10-year BRS rule has left a revenue surplus state. In an open letter to the Union minister on Sunday, Rama Rao said that the BRS government helped the people of Telangana overcome their decades …

Bhatti asks Finance Minister Nirmala Sitharaman to restructure debts of corporations, SPVs
1 month, 2 weeks ago

Bhatti asks Finance Minister Nirmala Sitharaman to restructure debts of corporations, SPVs

New Indian Express  

HYDERABAD: Deputy Chief Minister Mallu Bhatti Vikramarka has urged Union Finance Minister Nirmala Sitharaman to restructure the debts of various corporations and Special Purpose Vehicles. Additionally, he requested the reimbursement of Rs 208.24 crore under Section 56 of the APRA and proposed the correction of an allocation error in the release of Centrally The deputy CM further urged the Union …

Railway budget: Andhra Pradesh gets Rs 9,417 crore, up by Rs 266 crore
1 month, 3 weeks ago

Railway budget: Andhra Pradesh gets Rs 9,417 crore, up by Rs 266 crore

New Indian Express  

VIJAYAWADA: Unveiling a budget with an outlay of Rs 2,52,200 crore for the financial year 2025-26, Union Minister of Railways Ashwini Vaishnaw announced the allocation of Rs 9,417 crore for Andhra Pradesh, an increase of a whopping Rs 266 crore from Rs 9,151 crore allocated in the previous financial year. Vaishnaw highlighted that this amount is 11 times more than …

This budget will shrink State’s share in revenue: Mallu Bhatti Vikramarka
1 month, 3 weeks ago

This budget will shrink State’s share in revenue: Mallu Bhatti Vikramarka

The Hindu  

Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramarka has said that the revenues to the State will reduce drastically with the Union government strategically reducing customs duties on certain goods while simultaneously increasing the cess. He said with a 30.5% increase in Centrally The Minister said the Union Budget allocated an excessive amount of funding to Bihar through various …

Telangana BJP hails Union budget for bringing relief to middle class
1 month, 3 weeks ago

Telangana BJP hails Union budget for bringing relief to middle class

Deccan Chronicle  

Hyderabad: The BJP State unit has hailed the 2025 Union budget presented by Finance Minister Nirmala Sitharaman as a game-changer, delivering significant economic reforms and much-needed relief to the Indian middle class. State BJP Spokesperson NV Subash, in a statement issued here on Saturday, emphasized that the budget reinforces the belief that “Modi hai to mumkin hai” and accelerates the …

Telangana makes strong pitch for borrowing flexibility and fiscal autonomy to States
1 month, 3 weeks ago

Telangana makes strong pitch for borrowing flexibility and fiscal autonomy to States

The Hindu  

As the stage is set for presentation of the Union Budget 2025-26 by Finance Minister Nirmala Sitharaman on Saturday, Telangana has made a strong pitch for borrowing flexibility and fiscal autonomy to the States to meet their developmental goals. The Deputy Chief Minister, who also holds the Finance portfolio, made a detailed presentation on the State’s specific requirements at the …

Telangana’s interest payment nears ₹20K crore at the end of Q3 outpacing budget estimates
2 months ago

Telangana’s interest payment nears ₹20K crore at the end of Q3 outpacing budget estimates

The Hindu  

Payment of principal and interest for the loans obtained over the past few years is posing a huge burden on the State finances. As expected, expenditure on account of interest payment reached ₹19,556.61 crore at the end of December, far outpacing ₹17,729 crore projected for the entire financial year in the budget estimates. Expenditure towards pension payment was projected at …

CAG report highlights fiscal woes for Telangana government
2 months ago

CAG report highlights fiscal woes for Telangana government

Deccan Chronicle  

Hyderabad: The Comptroller and Auditor General of India on Thursday reported that, in the first nine months of the current fiscal, the government had spent over 65 per cent of its revenue receipts on salaries, pensions, debt repayments, and subsidies. The revenue receipts from April to November amounted to ₹1,12,307 crore, the CAG said, while the expenditure on these critical …

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

Telangana 5th Largest Contributor to Indian Economy
3 months, 2 weeks ago

Telangana 5th Largest Contributor to Indian Economy

Deccan Chronicle  

Mumbai: Telangana has slipped one place and is now the seventh largest contributor to the country’s economy for 2023-24 according to the Reserve Bank of India’s ‘Handbook of Statistics on Indian States’ released on Monday. The net state domestic product for Telangana rose to Rs 13.61 lakh crore from Rs 11.87 lakh crore in 2022-23, a growth of 15 per …

Telangana not 'rising' but falling, Revanth full of lies: KTR
3 months, 3 weeks 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 …

Telangana Govt grappling to raise financial resources as debt burden increased from ₹72,658 crore to ₹6.71 lakh crore
3 months, 3 weeks ago

Telangana Govt grappling to raise financial resources as debt burden increased from ₹72,658 crore to ₹6.71 lakh crore

The Hindu  

A year into governance, the Congress Government that took over the reins in Telangana last year is grappling to find resources to finance the commitments due to the huge debt burden, which went up from ₹72,658 crore at the time of formation of Telangana to ₹6.71 lakh crore in the past decade. No tangible fiscal assets created in last 10 …

TG Govt Faces Debt Crisis: Interest Payments Surpass Salary Bill
4 months ago

TG Govt Faces Debt Crisis: Interest Payments Surpass Salary Bill

Deccan Chronicle  

Hyderabad: The state government is grappling with a severe financial crisis as the burden of repaying loans and the interest has surpassed its expenditure on salaries and pensions. The government now allocates over Rs.5,000 crore per month for debt servicing, compared to Rs.3,000 crore towards salaries to three lakh employees and 1.5 lakh pensioners. Data obtained from the finance department …

Telangana Fails to Meet Revenue Targets in First Six Months
4 months ago

Telangana Fails to Meet Revenue Targets in First Six Months

Deccan Chronicle  

Hyderabad: Telangana's revenue collection in the first six months of the financial year 2024-25 stood at Rs.1,25,989.74 crore, which is 45.97 per cent of the full year Budget estimates of Rs.2,21,242.23 crore. This marks a modest 5.28 per cent decline in revenue realisation compared to 51.25 per cent revenue collected during the corresponding period last year. Tax revenue was Rs.82,135.38 …

Telangana: Revenue deficit soars to Rs 11,328 crore by July-end
6 months ago

Telangana: Revenue deficit soars to Rs 11,328 crore by July-end

New Indian Express  

HYDERABAD: The state government is facing a significant revenue deficit. In the first four months of the 2024–25 financial year, as of July-end, the deficit stood at Rs 11,328.5 crore, which is 3,808.92% higher than Budget estimates. From April to July, the state recorded Rs 47,712.69 crore in revenue receipts, excluding borrowings, while revenue expenditure totalled Rs 59,041.19 crore. Tax …

Telangana’s Urban Planning Earns Finance Panel’s Praise
6 months, 2 weeks ago

Telangana’s Urban Planning Earns Finance Panel’s Praise

Deccan Chronicle  

Hyderabad: The 16th Finance Commission, headed by noted economist Dr Arvind Panagariya, commended the Telangana government for its comprehensive presentation on the state’s finances and development roadmap. Speaking at a press conference at Praja Bhavan here on Tuesday, Dr Panagariya praised the state for thinking "far ahead" in terms of urban planning, an area that often takes the backseat in …

Bhatti urges to Centre on Telangana's debt burden
7 months 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 govt presents ₹2.91 lakh-cr budget, agriculture gets lion’s share
8 months 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
8 months 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, …

Railway Budget 2024: Telangana gets record railway budget allocation of ₹5,336 crore
8 months ago

Railway Budget 2024: Telangana gets record railway budget allocation of ₹5,336 crore

The Hindu  

Telangana got a record budget allocation of ₹5,336 crore for railway projects in 2024-25, as against the total railways allocation of ₹2.62 lakh crore of which ₹1.09 lakh crore has been allocated for safety-related activities, said Railways Minister Ashwini Vaishnaw on Wednesday. The budget allocations to Telangana have been witnessing sustained increase with the current year’s allocation being almost six …

Sluggish pace of growth in revenue receipts in Telangana continue at the end of Q3
1 year, 1 month ago

Sluggish pace of growth in revenue receipts in Telangana continue at the end of Q3

The Hindu  

The sluggish pace of growth in the revenue receipts in Telanganacontinued at the end of the third quarter of the current financial year with overallrevenue receipts pegged at ₹1.25 lakh crore, 57% of the ₹2.16 lakh crore projected in the budget estimates. Tax revenue has shown some improvement since the past few months reaching ₹99,693 crore, 65.37 % at the …

Harish Rao accuses TS Congress of selective statistics in finance White Paper
1 year, 3 months ago

Harish Rao accuses TS Congress of selective statistics in finance White Paper

Deccan Chronicle  

Hyderabad: Former finance minister and BRS MLA T. Harish Rao in the Assembly on Wednesday said that the party had laid strong foundations for the state’s development, hinting that the White Paper on finance released by the Congress sought to kick off a political blame game. In his address to the Assembly, he said, “Various committees had earlier stated that …

Hyderabad: Know about projects worth Rs 6,100 crore to be unveiled by PM Modi in Telangana
1 year, 8 months ago

Hyderabad: Know about projects worth Rs 6,100 crore to be unveiled by PM Modi in Telangana

India TV News  

Prime Minister Narendra Modi on Saturday landed in Telangana and is scheduled to lay the foundation stone for several crucial infrastructure development projects worth around Rs 6,100 crore in Warangal, according to official sources. The Prime Minister will also lay the groundwork for the railway wagon manufacturing unit in Kazipet as part of the program. Know about the projects The …

Road infrastructure in Telangana: Created to dazzle
1 year, 9 months ago

Road infrastructure in Telangana: Created to dazzle

The Hindu  

Road development is the one key project that has trumped all other projects in the city in terms of vision, fund allocation and execution during the last 10 years since creation of Telangana as a separate state in 2014. Majorly implemented by GHMC, the Strategic Road Development Plan encapsulated a wide array of cost intensive projects, including construction of flyovers, …

TS Debts Skyrocket Under BRS Govt, Saddling Each Child with ₹1.25 L Debt: Congress
1 year, 9 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 …

Good pipeline of projects in Telangana, more roads, bridges, renewable energy
1 year, 10 months ago

Good pipeline of projects in Telangana, more roads, bridges, renewable energy

The Hindu  

Telangana has responded with a good pipeline of projects and going forward likely to see more demand from projects to develop roads, highways and bridges as well as renewable energy and warehousing facilities, according to India Infrastructure Finance Company Managing Director P. R. Jaishankar. A government of India enterprise providing financial solutions to all sub-sectors of the infrastructure sector in …

AP finance special secretary debunks claim of ₹10L-cr debt
1 year, 10 months ago

AP finance special secretary debunks claim of ₹10L-cr debt

Deccan Chronicle  

VIJAYAWADA: Andhra Pradesh Chief Minister’s special secretary Duvvuri Krishna on Thursday, condemning false news making the rounds on the state’s finances, said the total debt of AP was Rs 6.51 lakh crore and not Rs 10 lakh crore, as was being claimed by the Opposition. Krishna said, “The outstanding liabilities of the undivided state of Andhra Pradesh on March 31, …

Outstanding debt of Telangana stands at Rs. 2.83 lakh crore: Centre
2 years, 1 month ago

Outstanding debt of Telangana stands at Rs. 2.83 lakh crore: Centre

Deccan Chronicle  

HYDERABAD: The total outstanding debt of Telangana from the years 2014-15 to 2021-22 stands at Rs. 2.83 lakh crore, Union minister of state for finance Pankaj Chaudhary informed the Lok Sabha. Responding to a question from Congress member N. Uttam Kumar Reddy, Chaudhary said that there was a Rs. The borrowers include Telangana Drinking Water Supply Corporation Ltd, Telangana State …

TSRTC in Rs.2500 cr debt; workers call Budget woeful
2 years, 1 month ago

TSRTC in Rs.2500 cr debt; workers call Budget woeful

Deccan Chronicle  

Hyderabad: The Telangana State Road Transport Corporation received Rs 1,500 crore in the State Budget, which was presented by finance minister T. Harish Rao in the Assembly on Monday, sparking worries that the transportation utility corporation, which is already heavily indebted, will continue to accumulate debt. The employees’ representatives alleged that despite their plea for budgetary allocations of Rs 5,000 …

Telangana Budget Live Updates
2 years, 1 month ago

Telangana Budget Live Updates

The Hindu  

February 06, 2023 13:25 Telangana Budget 2023-24 proposes ₹4,037 crore for the Industries Department On the Revenue department, FM Harish Rao said with reforms through DHARANI portal, number of cases relating to land disputes is down to a minimum. Echoing what Industries and IT Minister tells at almost every form, FM Harish Rao says Apple, Google, Amazon, Microsoft and Facebook, …

KCR’s misrule pushed state into debt trap: Rajendar
2 years, 1 month 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 …

Union Budget 2023 a disappointment to Telangana as many of its demands remain unfulfilled
2 years, 1 month ago

Union Budget 2023 a disappointment to Telangana as many of its demands remain unfulfilled

The Hindu  

The Union Budget 2023 presented in the Parliament by Finance Minister Nirmala Sitaraman has come as a disappointment to the Telangana government which claimed that “there is nothing particular about Telangana”. The State expressed concern during the pre-Budget meetings convened by the Union Finance Ministry that its interests are being compromised with the increase in recourse to levy of cesses …

BJP driving people into huge debts, says Harish Rao
2 years, 3 months ago

BJP driving people into huge debts, says Harish Rao

Deccan Chronicle  

Warangal: Finance Minister Harish Rao came heavily against BJP and Congress leaders speaking disrespectfully against Chief Minister K Chandrasekhar Rao and said some of them are speaking utter lies. The finance minister, accompanied by the welfare minister Koppula Eshwar and MLCs K Kavitha, L Ramana and Padi Koushik Reddy on Thursday inspected the arrangements for the chief minister’s December 7 …

Finance Commission decides distribution of net tax revenue to states: Nirmala
2 years, 6 months ago

Finance Commission decides distribution of net tax revenue to states: Nirmala

Deccan Chronicle  

HYDERABAD: Union finance minister Nirmala Sitharaman on Saturday slammed the Telangana government for claiming that taxes paid by the state were driving development elsewhere in the country and that the state was not getting recognition on this front. The distribution of net tax revenues among the states was decided by the Finance Commission based on a devolution formula and not …

Uttam accuses KCR of making Telangana bankrupt
2 years, 8 months ago

Uttam accuses KCR of making Telangana bankrupt

Deccan Chronicle  

HYDERABAD: Congress MP N. Uttam Kumar Reddy accused Chief Minister K. Chandrashekar Rao of transforming Telangana into a bankrupt state while increasing the per capita debt by almost five times. Uttam Kumar Reddy said Union finance minister Nirmala Sitharaman, in a written reply to a question raised in the Lok Sabha on Monday, revealed that some states had bypassed the …

Telangana: Big projects yield no cash, hits state plans
2 years, 10 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 …

Centre sanctioned Rs 8,000 crore for highways in TS: Gadkari
2 years, 10 months ago

Centre sanctioned Rs 8,000 crore for highways in TS: Gadkari

Deccan Chronicle  

HYDERABAD: Union minister Nitin Gadkari said the Centre would take up infrastructure development by constructing national highways on par with the American road framework. He said the Centre had sanctioned Rs 8,000 crore for constructing national highways of international standards in Telangana. Addressing a gathering held in the city on Friday, Gadkari dedicated two national highways and laid the foundation …

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