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 loans in April and May, allowing the state government to raise only Rs 7,000 crore in June, resulting in a Rs 8,000 crore deficit. The Centre which imposed restrictions on borrowings on the grounds of huge off-market borrowings by the state government, however, is yet to give a clarity on the loan limit it would allow for the Telangana government for this fiscal although the state government sought permission to raise Rs 54,000 crore.

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History of this topic

Telangana not 'rising' but falling, Revanth full of lies: KTR
2 weeks, 6 days 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 …

India bond yields may inch higher ahead of over $4 bln state debt sale
3 months, 3 weeks ago

India bond yields may inch higher ahead of over $4 bln state debt sale

Hindustan Times  

By Dharamraj Dhutia India bond yields may inch higher ahead of over $4 bln state debt sale MUMBAI, - Indian government bond yields may open a tad higher on Tuesday, as traders brace for higher-than-expected supply from states later in the day, while U.S. Treasury yields remained largely unchanged. "With global factors going quite, focus will once again shift to …

Bank of Maharashtra raises just Rs 811 crore in infrastructure bond sale
4 months, 3 weeks ago

Bank of Maharashtra raises just Rs 811 crore in infrastructure bond sale

Business Standard  

Bank of Maharashtra raised only Rs 811 crore through a 10-year infrastructure bond issue at a coupon rate of 7.8 per cent on Thursday. In contrast, Canara Bank secured Rs 10,000 crore at a 7.4 per cent coupon rate on July 16. State Bank of India raised Rs 10,000 crore on July 10 at a 7.36 per cent rate for …

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 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, …

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 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. …

Centre approves Rs 6,500 cr loans for TS, Rs 12,000 cr for AP
1 year, 11 months 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 …

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 …

RBI to auction govt securities worth ₹33,000 cr on 2 Sept. Details here
2 years, 3 months ago

RBI to auction govt securities worth ₹33,000 cr on 2 Sept. Details here

Live Mint  

The Reserve Bank of India will be auctioning four dated government securities worth ₹33,000 crore on September 2. Both competitive and non-competitive bids for the auction should be submitted in electronic format on RBI's core banking solution system. These four government securities as per Finance Ministry are: – 6.69% Government Security 2024 amounting to ₹4,000 crore. RBI in its statement …

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 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, 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 …

Telangana faces cash crunch, sends SOS for Rs 14,000cr
2 years, 6 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 …

In April, most electoral bonds encashed in Hyderabad
2 years, 7 months ago

In April, most electoral bonds encashed in Hyderabad

The Hindu  

A Right to Information reply this week showed that the majority of electoral bonds sold in April were encashed in Hyderabad, at a time when speculation of early elections to the Telangana Assembly was rife. In response to a query by RTI activist Kanhaiya Kumar, State Bank of India on Thursday said electoral bonds worth ₹648 crore were sold in …

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 …

Telangana to raise Rs 1,187 crore through auction of bonds
2 years, 11 months ago

Telangana to raise Rs 1,187 crore through auction of bonds

Deccan Chronicle  

Hyderabad: The state government has decided to raise another Rs 1,187 crore through auction of bonds by the Reserve Bank of India on Tuesday. With this, the total borrowings of the state government through auction of bonds will cross Rs 30,000 crore mark in the current fiscal 2021-22. As the Covid pandemic since March 2020 adversely affected the state government's …

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 …

Bond investors see RBI curbing yields amid India’s supply deluge
3 years, 10 months ago

Bond investors see RBI curbing yields amid India’s supply deluge

Live Mint  

India is set to sell another Rs260 billion of bonds on Friday amid rising expectations that the central bank will step into the market to keep yields from rising too far. Surprise demand at a special auction of government debt on Thursday spurred talk that state-run banks and primary dealers were scooping up bonds to sell to the Reserve Bank …

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