Marginal increase in tax devolution to TS
1 year, 10 months ago

Marginal increase in tax devolution to TS

Deccan Chronicle  

Hyderabad: The Centre's tax devolution to Telangana has witnessed a slight increase in the new fiscal over the previous fiscal, according to the Union Budget presented in Parliament on Wednesday. The Budget has put the tax devolution to Telangana at Rs 21,470 crore against Rs 19,668 crore in 2022-23. Total resources being transferred to all the states, including the devolution of states' share, grants/ loans and releases under centrally- This apart, IIT-Hyderabad has been allocated Rs 300 crore, tribal universities in both Telugu states combined got Rs 37 crore, Rs 1,650 crore for Singareni Collieries, all 22 AIIMS in the country, including the one in Bibinagar, together got Rs 6,835 crore, all museums in the country, including Salarjung museum, got Rs 357 crore, Indian National Centre for Ocean Information Services in Hyderabad has got Rs 27 crore, while the heavy water plant in Kothagudem district along with Kota and Burajala plants in other states together got Rs 1,473 crore. However, finance minister T. Harish Rao said that the states were actually receiving just 30 per cent from the central tax pool towards tax devolutions against the 41 per cent recommended by the 15th Finance Commission.

Tax Budget States Tax Devolution Telangana Crore Cent Devolution  ts  increase  fiscal  states  devolution  rs  crore  telangana  centre  including  marginal  tax  cent

History of this topic

Telangana 5th Largest Contributor to Indian Economy
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 …

TG Govt Faces Debt Crisis: Interest Payments Surpass Salary Bill
4 weeks, 1 day 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
1 month 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 …

Education, welfare in focus of ₹2.94 lakh-cr Andhra budget
1 month, 1 week ago

Education, welfare in focus of ₹2.94 lakh-cr Andhra budget

Hindustan Times  

The Telugu Desam Party-led National Democratic Alliance government in Andhra Pradesh on Monday presented its first full-fledged budget of ₹2,94,427 crore for 2024-25, five months after coming to power. Finance minister Payyavula Kesav told the state legislative assembly that the budget included revenue expenditure of ₹2,35,916 crore and capital expenditure of ₹32,712 crore. The NDA government under chief minister N …

Revenue receipts of Telangana government continue to bely expectations after five months of current financial year
2 months, 3 weeks ago

Revenue receipts of Telangana government continue to bely expectations after five months of current financial year

The Hindu  

The overall revenue receipts of the State continue to bely expectations of the government. The State registered overall revenue receipts of ₹61,618 crore at the end of August, just 27.85 % of ₹2.21 lakh crore projected in the budget estimates for the current fiscal. Tax revenue during the five-month period was shade better at ₹57,722 crore, 35.11 % of ₹1.64 …

Telangana: Revenue deficit soars to Rs 11,328 crore by July-end
3 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 …

Per capita income in Telangana 193.6% of national average
3 months ago

Per capita income in Telangana 193.6% of national average

New Indian Express  

HYDERABAD: Relative per capita income in Telangana is now 193.6% of the national average, as per a working paper of the Economic Advisory Council to the Prime Minister, titled “Relative Economic Performance of Indian States: 1960–61 to 2023–24”. Meanwhile, Karnataka, Tamil Nadu, and Kerala have per capita incomes of 181%, 171% and 152.5% of the national average, respectively. An average …

Telangana’s Urban Planning Earns Finance Panel’s Praise
3 months, 1 week 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 …

Telangana local bodies, parties seek greater share in devolution of funds
3 months, 2 weeks ago

Telangana local bodies, parties seek greater share in devolution of funds

New Indian Express  

HYDERABAD: Representatives of Telangana local bodies as well as political parties sought greater share in devolution of taxes from the Union government to the state. They submitted their suggestions to Sixteenth Finance Commission chairman Arvind Panagariya, who held a series of meetings with the representatives of panchayats, GHMC and also with leaders of various political parties here on Monday. Municipal …

Telangana reported huge jump in tax revenue, state tells CAG
4 months, 2 weeks ago

Telangana reported huge jump in tax revenue, state tells CAG

Deccan Chronicle  

Hyderabad: The Telangana state government reported a significant increase in its tax revenue for the first quarter of the fiscal year 2024-25, with collections rising by over Rs 3,600 crore compared to the same period last year. The state's tax revenue reached Rs 34,609 crore in the April-June quarter, according to the income and expenditure report submitted to the Comptroller …

Delay In Executing Irrigation Projects Costs Telangana Exchequer Rs 1 Lakh Cr More: CAG
4 months, 2 weeks ago

Delay In Executing Irrigation Projects Costs Telangana Exchequer Rs 1 Lakh Cr More: CAG

Deccan Chronicle  

Hyderabad: The cost of 20 irrigation projects commenced between 1983 and 2018 in Telangana doubled from over Rs 1 lakh crore to Rs 2 lakh crore as of March 2023, due to non-completion, the CAG report has said. In addition to this, the government has a pending liability of Rs 8,971 crore in respect of 13 incomplete irrigation projects, the …

Telangana govt presents ₹2.91 lakh-cr budget, agriculture gets lion’s share
4 months, 3 weeks 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 boosts revenue with increased focus on stamps, excise, non-tax sources
4 months, 4 weeks ago

Telangana boosts revenue with increased focus on stamps, excise, non-tax sources

New Indian Express  

HYDERABAD: With welfare and implementation of six guarantees being its focal points, the state government mainly focused on Stamps & Registration department, Excise and non-tax revenue to generate additional revenue. The income from state excise is estimated to be Rs 25,617.53 crore as against 2023-24 AE of Rs 20,298.55 crore. Though the non-tax revenue is Rs 23,819.50 crore in 2023-24, …

Telangana budget allocates Rs 21,292 crore for education department
4 months, 4 weeks ago

Telangana budget allocates Rs 21,292 crore for education department

New Indian Express  

HYDERABAD: The state government proposed a budget of Rs 21,292 crore for the Education department for the financial year 2024-25, an increase 9.3% over the revised estimate of Rs 19,472 crore in 2023-24. The previous BRS government had proposed a budget estimate of Rs 19,093 crore for the year 2023-24, which the Congress government has surpassed with tangible numbers. The …

Telangana Budget Focuses on Infrastructure and Welfare
4 months, 4 weeks ago

Telangana Budget Focuses on Infrastructure and Welfare

Deccan Chronicle  

Hyderabad: The Congress-led State government in Telangana on Thursday presented Rs.2.91 lakh crore budget for the financial year 2023-24 with more special focus on infrastructure and welfare in the State. According to Bhatti, the global economy has recorded a growth rate of 3.2 per cent during the year 2023-24 while Indian economy has recorded a growth rate of 7.6 per …

Telangana’s health Budget dips by ₹693 crore from last fiscal
4 months, 4 weeks ago

Telangana’s health Budget dips by ₹693 crore from last fiscal

The Hindu  

The Health Medical and Family Welfare Budget for Telangana in the fiscal year 2024-25 has seen a reduction compared to the previous year. Telangana Budget 2024 LIVE updates: ₹500 crores proposed for Metro extension to Old City,₹100 crores for extension to Airport While presenting the Budget, Finance Minister Mallu Bhatti Vikramarka highlighted several concerns. The previous government could not even …

Telangana Government presents State Budget with total outlay of ₹2.91 lakh crore
4 months, 4 weeks 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
4 months, 4 weeks 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
4 months, 4 weeks 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 …

Railway Budget 2024: Telangana gets record railway budget allocation of ₹5,336 crore
4 months, 4 weeks 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 …

India's 2024 Budget: A push for tax reform
5 months, 1 week ago

India's 2024 Budget: A push for tax reform

India Today  

The 2024 Budget, scheduled for July 23, may see tweaks to key tax policies to boost government revenue — bold steps to tackle tax evasion and improve tax compliance. 1980: For every Rs 100 collected, Rs 11 came from income tax, Rs 12 from corporate tax, Rs 1 from other direct taxes, and Rs 76 from other indirect taxes. 2000: …

Telangana's budget to be hiked to Rs 75,000 cr
6 months, 1 week ago

Telangana's budget to be hiked to Rs 75,000 cr

Deccan Chronicle  

Hyderabad: The Six Guarantees promised by the Congress during the state Assembly elections will get higher allocations in the full budget set to be presented in the Legislative Assembly in July, official sources said. In his budget speech, Deputy Chief Minister holding finance portfolio, Mallu Bhatti Vikramarka said, “We have proposed Rs 53,196 crore for implementation of the Six Guarantees …

Telangana’s GST Revenue Sees 18% Growth in 2024
8 months, 4 weeks ago

Telangana’s GST Revenue Sees 18% Growth in 2024

Deccan Chronicle  

Hyderabad: Collections in the commercial tax department have increased in the state owing to a slew of steps taken by the department. In this milieu, among the bigger states Telangana’s GST revenue grew from Rs.4,424 crore in 2023 to Rs.5,211 crore in 2024. The 18 per cent increase is the second best among southern states after Karnataka’s 19 per cent. …

TS Assembly passes Appropriation Bill
10 months, 1 week ago

TS Assembly passes Appropriation Bill

Deccan Chronicle  

Hyderabad: The Telangana Appropriation Bill, 2024 and The Telangana Appropriation Bill, 2024 were passed by the Assembly on Thursday with the House approving Rs 78,911 crore to meet the essential expenditure for the first four months of 2024-25 fiscal and Rs 46,400 crore as additional expenditure during 2023-24. Deputy Chief Minister and finance minister Mallu Bhatti Vikramarka, who introduced the …

Telangana State Revenue Hits Rs 1 Lakh Crore; CAG Flags Tax Discrepancies
10 months, 1 week ago

Telangana State Revenue Hits Rs 1 Lakh Crore; CAG Flags Tax Discrepancies

Deccan Chronicle  

Hyderabad: The state’s total revenue for 2020-21 amounted to Rs 1,00,914 crore, including Rs 66,650 crore in taxes. The CAG report said a detailed scrutiny of 1,456 registered documents of stamp duty and registration fee revealed under assessment valuing of Rs 3.44 crore in 347 documents. As regards motor vehicle taxes, non-raising of demand led to non-realisation of quarterly tax …

Sluggish pace of growth in revenue receipts in Telangana continue at the end of Q3
10 months, 3 weeks 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 …

Deposits in TS banks rise by Rs 52,153 crore
11 months, 3 weeks ago

Deposits in TS banks rise by Rs 52,153 crore

Deccan Chronicle  

Hyderabad: Total deposits in banks in Telangana state grew by Rs 52,153 crore during the first half of this fiscal, totalling Rs 735,159.54 crore. During April-September, banks disbursed short-term production loans amounting to Rs 35,023 crore achieving 79.48 per cent of the annual targets. Banks disbursed education loans to the tune of Rs 396 crore and housing loans amounting to …

TS Government Achieves Half of Gross Earnings Target in Six Months
1 year, 1 month ago

TS Government Achieves Half of Gross Earnings Target in Six Months

Deccan Chronicle  

Hyderabad: The Telangana state government has achieved almost half of the gross earnings target for this fiscal 2023-24. The gross earnings in the first half of this fiscal has been recorded at Rs 1.18 lakh crore against the annual budgetary target of Rs 2.59 lakh crore. Of this, the state government has spent Rs 47,000 crore on welfare schemes alone. …

Revenue deficit of Andhra Pradesh crosses budget estimates in first quarter itself
1 year, 2 months ago

Revenue deficit of Andhra Pradesh crosses budget estimates in first quarter itself

The Hindu  

The statement on the quarterly review of the trends in receipts and expenditure in relation to the budget at the end of the first quarter of the 2023-24 financial year presents a grim picture of the State government’s finances. According to the report, the revenue deficit exceeded the budget estimates for the financial year 2023-24 in the first quarter itself. …

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 …

Telangana Stares at Rs 9,335 Cr Revenue Deficit for 2021-22 FY
1 year, 4 months ago

Telangana Stares at Rs 9,335 Cr Revenue Deficit for 2021-22 FY

Deccan Chronicle  

Hyderabad: Telangana state, which had revenue surplus up to 2018-19, faces a revenue deficit of Rs 9,335 crore though it was lower than the Rs 22,298 crore deficit in 2020-21, the Comptroller and Auditor General said in a report. Around 50 per cent of the revenue receipts, Rs 1,27,469 crore, was spent on committed expenditure like salaries Rs 30,375 crore, …

India’s per capita income to jump 70% by 2030, reach $4,000: Report
1 year, 4 months ago

India’s per capita income to jump 70% by 2030, reach $4,000: Report

Live Mint  

The per capita income of India is likely to grow around 70% by 2030 and is expected to reach $4,000 from current levels of $2,450, a research report by Standard Chartered Bank said. Telangana on top among states Telangana currently takes the top spot in the per capita income rankings with ₹2,75,443. However, the StanC report foresees a shift in …

Telangana formation day | The growth of South Central Railway
1 year, 6 months ago

Telangana formation day | The growth of South Central Railway

The Hindu  

Railways has been chosen as one of the engines of growth by the Modi government and this is reflected in heavy duty investments towards its development and growth across zones, South Central Railway being no exception. The average budgetary allocation for infrastructure projects and safety works, falling fully or partly in Telangana during 2014-19, was ₹1,110 crore a year. The …

Telangana formation day | A nuanced approach to industrial development
1 year, 6 months ago

Telangana formation day | A nuanced approach to industrial development

The Hindu  

A cornerstone of Telangana’s economic progress in the nine years, since the State came into existence in June 2014, has been the government’s impetus on industrial development through a series of enabling policy measures. The administration, however, lost little time to allay the apprehensions of the business community, went about sourcing power from private producers, and got down to framing …

Centre permits TS to borrow Rs 12,500 crore in Q1 of FY 2023-24
1 year, 8 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. …

Telangana Ranks First In Per Capita Income, Says Minister KT Rama Rao
1 year, 8 months ago

Telangana Ranks First In Per Capita Income, Says Minister KT Rama Rao

ABP News  

Telangana IT and Industries Minister KT Rama Rao on Friday said that the state has been ranked first in per capita income in 2022–23. KT Rama Rao tweeted that the per capita income of Telangana has increased from Rs. While it may be a matter of great pride for Telangana to be ranking on top of the charts on increased …

Measures to make T.N. revenue-neutral to be keenly watched
1 year, 9 months ago

Measures to make T.N. revenue-neutral to be keenly watched

The Hindu  

Apart from the anticipation of an announcement on the monthly honorarium of ₹1,000 for women family heads, measures to achieve the goal of making the State revenue-neutral in three years would be keenly watched in the Tamil Nadu Budget for 2023-24 to be presented by Finance Minister Palanivel Thiaga Rajan on Monday. As per the provisional figures of the Comptroller …

Why KCR is accusing Modi govt of blocking Telangana's progress
1 year, 10 months ago

Why KCR is accusing Modi govt of blocking Telangana's progress

India Today  

On February 12, the concluding day of the seven-day Telangana assembly budget session, chief minister K. Chandrashekar Rao put forth what he termed as failures as well as discrimination of the NDA government at the Centre against his state. “When the BJP cannot sanction one medical college to Telangana, why should anyone vote for the BJP, which leads the NDA …

Outstanding debt of Telangana stands at Rs. 2.83 lakh crore: Centre
1 year, 10 months 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 …

15.6% growth in Telangana state GSDP
1 year, 10 months ago

15.6% growth in Telangana state GSDP

Deccan Chronicle  

Hyderabad: The GSDP of Telangana state for 2022-23 at current prices increased to Rs 13.27 lakh crore, a growth of 15.6 per cent from 2021-22, according to the Telangana Socio Economic Outlook 2023, tabled by the state government in Legislative Assembly on 06-02-2023. In 2018-21, Telangana recorded the highest SOTR growth rate amongst the GS at AAGR of 4.78 per …

BRS govt banks on higher tax revenues to fund welfare schemes
1 year, 10 months ago

BRS govt banks on higher tax revenues to fund welfare schemes

Deccan Chronicle  

HYDERABAD: The state government seems to have pinned its hopes on its own higher tax revenues and non-tax revenues in 2023-24 to fund its welfare schemes and development programmes instead of depending on the Centre’s grants, share in the centrally The Budget estimates indicate that the government plans to earn an additional Rs 21,000 crore tax revenues and Rs 7,000 …

Harish Rao’s Telangana Budget puts emphasis on welfare
1 year, 10 months ago

Harish Rao’s Telangana Budget puts emphasis on welfare

The Hindu  

Finance Minister T. Harish Rao has claimed that the Telangana model of development which he says combines humanitarian approach, constructive thinking, futuristic planning and transparent administration is getting accolades both nationally and internationally. Several unique schemes like Rythu Bandhu, Rythu Bima, Rythu Vedikalu and others had been introduced for the welfare of the farmers with budgetary allocation of agriculture department …

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 …

Telangana presents massive budget of ₹2.9 lakh crore for 2023-24 fiscal
1 year, 10 months ago

Telangana presents massive budget of ₹2.9 lakh crore for 2023-24 fiscal

The Hindu  

The Telangana State Government has presented a massive ₹2.90 lakh crore budget for the next financial year 2023-24. The budget has projected revenue receipts to the tune of ₹2.16 lakh crore in the next fiscal, close to ₹40,000 crore higher than the current year’s revised estimates which pegged the revenue receipts at ₹1.75 lakh crore. The revenue receipts for the …

Telangana Budget Live Updates
1 year, 10 months 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, …

Telangana finance minister presents 2023-24 Budget in Assembly, outlays Rs 2.90 lakh Cr expenditure
1 year, 10 months ago

Telangana finance minister presents 2023-24 Budget in Assembly, outlays Rs 2.90 lakh Cr expenditure

India Today  

Telangana Finance Minister T Harish Rao on Monday introduced the Budget in the Assembly with an expenditure outlay of Rs 2,90,396 crore for 2023-24. The Finance Commission recommended a special grant of Rs.723 crore to Telangana and an amount of Rs 171 crore towards nutrition to ensure that the tax devolution should not be less than the amount of devolution …

Rs 3-L crore TS Budget to focus on welfare schemes
1 year, 10 months ago

Rs 3-L crore TS Budget to focus on welfare schemes

Deccan Chronicle  

Hyderabad: The state's annual Budget outlay for 2023–24 is projected to exceed Rs 3 lakh crore with a special emphasis on welfare schemes as the BRS government gets ready for the Assembly elections, which are set for December. The government is expected to increase allocations for the Rs 1 lakh crop loan waiver scheme and Rs 3 lakh financial assistance …

Union Budget 2023 a disappointment to Telangana as many of its demands remain unfulfilled
1 year, 10 months 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 …

Telangana Budget session from Feb. 3, to focus on welfare schemes
1 year, 11 months ago

Telangana Budget session from Feb. 3, to focus on welfare schemes

Deccan Chronicle  

HYDERABAD: The Budget Session of the Telangana legislature is set to begin on February 3, with the K. Chandrashekar Rao-led government expected to propose its Budget with an outlay of Rs 2.85 lakh crore to Rs 3 lakh crore, with a focus on welfare schemes, for 2023-24. With the year set to see polls down the line, the Budget allocations …

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