Telangana owes property tax worth Rs 678 crore to GHMC
3 years, 5 months ago

Telangana owes property tax worth Rs 678 crore to GHMC

Deccan Chronicle  

HYDERABAD: The Greater Hyderabad Municipal Corporation has a big headache – to recover over Rs 678 crore pending property taxes – that too from a defaulter against whom the civic body cannot do anything – the government of Telangana! Officials of the property tax wing of the GHMC said a whopping Rs 678.64 crore, out of a total Rs 714 crore property tax dues, is owed by the government. According to official data collected from the GHMC sources, the state government has been allocating less than Rs 32 crore per annum at a time when the actual property tax demand was Rs 102 crore, on about 2,500 government buildings in the civic body limits. The Chief Minister’s office has to clear Rs 1,91,794 property tax dues, with accrued interest of Rs 34,524, during the first half on the financial year 2018-19, Rs 2,64,045 with interest of Rs 1,58,427 in the second half of the same financial year. The civic body has to receive Rs 15,12,019 principal amount pertaining to property tax excluding interest amount of Rs 5,09,805 till 2020-21.

Tax Property Property Tax Interest Telangana Crore Dues Ghmc Government Buildings Pragathi Bhavan Interest Amount  678  interest  released  264045  crore  owes  dues  financial  rs  worth  property  ghmc  tax  telangana

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 …

GHMC proposes Rs 8,340cr Budget for 2025–26
3 weeks, 4 days ago

GHMC proposes Rs 8,340cr Budget for 2025–26

New Indian Express  

HYDERABAD: The Greater Hyderabad Municipal Corporation has drafted an annual Budget estimate of Rs 8,340 crore for the financial year 2025–26, reflecting a rise of nearly Rs 400 crore compared to the 2024-25 Budget of Rs 7,937 crore. Additionally, a separate Rs 300 crore Budget has been allocated for projects of other corporations managed by GHMC, including the Telangana Housing …

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 …

Telangana Government Announces Massive Housing Initiative: 20 Lakh Houses in 4 Years
1 month, 3 weeks ago

Telangana Government Announces Massive Housing Initiative: 20 Lakh Houses in 4 Years

Deccan Chronicle  

The Telangana government has announced that Chief Minister A. Revanth Reddy will continue in the post for the next four years without interruption. The state government plans to construct 20 lakh houses for the poor under the Indiramma housing scheme in the next four years, with a budget allocation of Rs.27,000 crore.

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 …

Telangana floods | Union Home Ministry says Telangana has not submitted data for release of central share under SDRF
3 months, 2 weeks ago

Telangana floods | Union Home Ministry says Telangana has not submitted data for release of central share under SDRF

The Hindu  

As the Telangana government made a strong pitch for immediate central assistance for taking up relief and rehabilitation of people affected by recent floods in the State, the Union Home Ministry has pointed out that the state government did not complete the formalities for speedy release of funds. The Union Home Ministry has expressed concern that the Telangana Government has …

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 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 …

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, …

Siricilla again tops in property tax collections among ULBs in 2023-24
8 months, 3 weeks ago

Siricilla again tops in property tax collections among ULBs in 2023-24

The Hindu  

Siricilla has once again topped the list of property tax collection for the financial year of 2023-24 among the 140 Urban Local Bodies in Telangana by achieving 99.52% collection or ₹5.58 crore from the total demand of ₹5.61 crore by March 31 midnight. Municipal Administration and Urban Development officials informed on Tuesday that Yellandu in Bhadradri-Kothagudem district secured the second …

GHMC collects a windfall of Rs 1,917 crore in property tax
8 months, 3 weeks ago

GHMC collects a windfall of Rs 1,917 crore in property tax

New Indian Express  

HYDERABAD: The Greater Hyderabad Municipal Corporation has collected Rs 1,917 crore in property tax, which is Rs 257 crore more compared to the previous fiscal. Property tax collection for the previous year was around Rs 1,660 crore. The OTS scheme offered a waiver of 90% of the accumulated interest on property tax arrears, provided the taxpayers clear the principal amount …

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 …

Telangana Assembly polls: KCR declares Rs 58 crore assets
1 year, 1 month ago

Telangana Assembly polls: KCR declares Rs 58 crore assets

Deccan Chronicle  

Hyderabad: Chief Minister K Chandrasekhar Rao, who filed nominations from Kamareddy and Gajwel on Thursday, declared Rs 58.92 crore as the assets belonging to his wife Shoba and himself. Rao has declared movable assets worth over Rs 17.83 crore and immovable assets whose total current value is about Rs 8.50 crore. The total current market value of immovable assets in …

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. …

Telangana polls: Rs 48 crore in cash, 37 kg of gold, liquor worth Rs 4 crore seized
1 year, 2 months ago

Telangana polls: Rs 48 crore in cash, 37 kg of gold, liquor worth Rs 4 crore seized

India Today  

Over Rs 48.33 crore in cash and 37.4 kg of gold were seized at various places in Telangana, as part of the enforcement of the Model Code of Conduct for the November 30 Assembly election in the state since October 9, the office of the Chief Electoral Officer said on Saturday. Besides cash and gold, the authorities also seized 365 …

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, …

PM launches projects worth Rs 6,100 crore in Warangal, says Centre took care of Telangana
1 year, 5 months ago

PM launches projects worth Rs 6,100 crore in Warangal, says Centre took care of Telangana

India Today  

Prime Minister Narendra Modi laid the foundation stone for development initiatives worth Rs 6,100 crore in poll-bound Telangana's Warangal on Saturday morning. ": Prime Minister Narendra Modi during theâ€æ pic.twitter.com/Zq3lJ8lMFP — ANI July 8, 2023 Telangana Governor Tamilisai Soundararajan, Union Minister for Road Transport and Highways Nitin Gadkari, Union Tourism Minister and newly-appointed president of BJP in Telangana G Kishan …

AP earmarks Rs 15K crore for housing this year: CM Jagan
1 year, 8 months ago

AP earmarks Rs 15K crore for housing this year: CM Jagan

Deccan Chronicle  

VIJAYAWADA: Chief Minister Y.S. Jagan Mohan Reddy has said a sum of Rs 15,810 crore would be spent this year on the YSR Congress government’s flagship Pedalandariki Illu mega housing programme. The CM said the YSRC government was bearing an expenditure of Rs 21,000 crore for Tidco houses. Jagan Mohan Reddy directed the housing department officials to nail the opposition …

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. …

75% of promised crop damage relief is from Central funds: BJP
1 year, 9 months ago

75% of promised crop damage relief is from Central funds: BJP

Deccan Chronicle  

Hyderabad: The Telangana government was disingenuous in claiming that it will pay Rs 10,000 per acre as relief on its own to the farmers who suffered crop losses following heavy rains in the state, the Bharatiya Janata Party said on Thursday. “If one goes by the extent of area of 2,22,500 acres that saw crop damages, the total compensation promised …

Property registrations dropped in last quarter, govt to miss revenue target
1 year, 9 months ago

Property registrations dropped in last quarter, govt to miss revenue target

Deccan Chronicle  

HYDERABAD: Property registrations in Telangana dropped in the last quarter of this fiscal after witnessing an increasing trend in the first three quarters. With this, the state government’s hopes of exceeding the revenue targets this fiscal through property registrations have been dashed. The date obtained from the stamps and registrations department shows that the state government registered decent earnings through …

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 …

Telangana thriving despite Centre creating hurdles: Finance Minister T Harish Rao
1 year, 10 months ago

Telangana thriving despite Centre creating hurdles: Finance Minister T Harish Rao

New Indian Express  

Harish Rao said that another glaring instance of discrimination to Telangana is the order issued by the Ministry of Power in August, 2022 which directed the Telangana government to pay pending dues of TS DISCOMs amounting to Rs 3,441.78 crore as principal and Rs 3,315.14 crore as late payment surcharge, totalling Rs 6,756.92 crore to AP Genco within 30 days. …

State’s tax burden shoots up to Rs 3.57 lakh crore
1 year, 10 months ago

State’s tax burden shoots up to Rs 3.57 lakh crore

Deccan Chronicle  

HYDERABAD: The debt burden on the state government will increase to Rs 3.57 lakh crore in 2023-24, according to the Budget. In 2020-21, the debt burden state was Rs 2,44,019 crore, which was 25.4 per cent of GSDP. In 2022-23, the debt burden increased to Rs 3,22,993 crore as per the revised estimates, which was 24.3 per cent of GSDP. …

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 …

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 …

Telangana govt earns windfall revenue from non-agri property transactions
1 year, 11 months ago

Telangana govt earns windfall revenue from non-agri property transactions

Deccan Chronicle  

HYDERABAD: Telangana has witnessed a steep rise in the number of non-agricultural properties registered in the first ten months of the current fiscal, resulting in windfall revenues. According to data obtained from the stamps and registrations department, the government earned Rs 7,944 crore through non-agriculture property registrations April-December, and farm land registrations garnered Rs 1,587 crore. Last year, the government …

Telangana revenue collections touch Rs 1 lakh cr
1 year, 11 months ago

Telangana revenue collections touch Rs 1 lakh cr

Deccan Chronicle  

Hyderabad: The Telangana state government saw a spike in revenue collections totalling Rs 1 lakh crore this month-end, owing to a real estate boom collections from excise, and GST. The government expected total tax income at Rs 1,08,212 crore in the 2022-23 budget, a 16 per cent increase over the revised estimate for 2021-22. The data obtained from the finance …

Cash-strapped Telangana govt asks staff to cut expenses
2 years 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 …

Telangana govt to waive 90% interest on property tax dues
2 years, 5 months ago

Telangana govt to waive 90% interest on property tax dues

Deccan Chronicle  

Hyderabad: In a major reprieve to property tax payers, the Telangana government has decided to give a one-time waiver on payment of interest on outstanding property tax. The Municipal Administration & Urban Development announced a waiver of 90 per cent tax for accumulated arrears of the interest component on property tax under One Time Scheme. Taxpayers are required to pay …

TS seeks centre nod to raise Rs 9,000 crore
2 years, 5 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 gets Central nod to auction bonds
2 years, 6 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 …

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 government owes GHMC Rs 5,258 cr towards property taxes
2 years, 7 months ago

Telangana government owes GHMC Rs 5,258 cr towards property taxes

Deccan Chronicle  

HYDERABAD: It seems government departments are not far behind in evading taxes if a piece of information furnished by the Greater Hyderabad Municipal Corporation is anything to go by. According to information obtained by an RTI activist, the state government has to clear a whopping Rs 5,258 crore pertaining to property tax in the city. This apart, an amount of …

TS got only Rs 1.6L cr from Centre: Harish
2 years, 8 months ago

TS got only Rs 1.6L cr from Centre: Harish

Deccan Chronicle  

Hyderabad: The Centre has received Rs 3,65,797 crore through taxes from Telangana since the formation of state in 2014-15 to 2020-21. In return, the Centre has released Rs 1,68,647 crore to Telangana state during this period, finance minister T. Harish Rao said on Saturday. Harish Rao said the BJP-government at the Centre owed Rs 7,183 crore from the allocations of …

Auction of land parcels fetches TS govt rs 500crore in three days
2 years, 9 months ago

Auction of land parcels fetches TS govt rs 500crore in three days

Deccan Chronicle  

Hyderabad: The last month of the current fiscal is set to end on a good note for the state government. The auction of land parcels in various districts in the last three days fetched Rs 500 crore for the government. Municipal administration and urban development special chief secretary Arvind Kumar tweeted, "The Government of Telangana has successfully auctioned off residential …

GHMC approves Rs 6,150 crore budget
2 years, 9 months ago

GHMC approves Rs 6,150 crore budget

Deccan Chronicle  

Hyderabad: The Greater Hyderabad Municipal Corporation has approved the Rs 6,150 crore budget for the financial year 2022-23. As per the budget, capital expenditure covering road infrastructure, sanitation, illumination, greenery, drains, construction of pavements and other developmental works is Rs 3,350 core while revenue is put at Rs 3,434 crore. Apart from the Rs 6,150 crore budget there is a …

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 …

Discover Related