Monday, 25 March 2019 »  Login
in
»
I am at

KCR Failed State Before Finance Commission: Congress

While Telangana needed at least Rs 5 lakh crore from the Centre, what KCR asked for from the Finance Commission was a mere Rs 50,000 crore, the Congress said.
Hyderabad | 20th February 2019
Telangana Pradesh Congress Committee (TPCC) Treasurer Gudur Narayan Reddy alleged that Chief Minister K Chandrashekar Rao did not represent correctly the financial needs of Telangana before the 15th Finance Commission.

"The gap between the estimated expenditure and the actual revenues from the financial year 2019-20 is expected to be around Rs 1 lakh crore per annum. Therefore Telangana needs financial assistance of at least Rs 5 lakh crore from the Centre. However, what KCR asked for from the Finance Commission was a mere Rs 50,000 crore, which is not going to help the State in the long run," Reddy said.

He also said that KCR had missed the opportunity to present before the Finance Commission a detailed list of things required to be done by the Centre for Telangana. "Instead of being 'expressive', KCR tried to be 'impressive', and wasted the opportunity. He sought Rs 40,169 crore as maintenance grant for the State's lift irrigation projects and Rs 12,722 crore for Mission Bhagiratha. No clarity was given on the funds required for other projects and schemes. A 'significant increase' was sought in grants for rural and urban bodies. When you don't specify the number, the official agencies get the liberty to fix an amount on their own," he said.

The Congress leader also slammed KCR for seeking a raise in additional borrowing facility. "Telangana already has debt of over Rs 2.50 lakh crore, which is almost 150% more than the actual revenues for one full year. If the Chief Minister is allowed to borrow more funds to bridge the revenue-expenditure gap, then Telangana will have debt of over Rs 7 lakh crore in the next five years. The State government must learn to utilise the funds it has in a judicious manner instead of resorting to huge borrowings," he said.
filed in:  Telangana, Telangana Congress, KCR, Finance Commission
COMMENTS
Be the first to comment on KCR Failed State Before Finance Commission: Congress! Just use the simple form below.
LEAVE A COMMENT
fullhyd.com has 700,000+ monthly visits. Tell Hyderabad what you feel about KCR Failed State Before Finance Commission: Congress!
[no link to your name will appear, overriding global settings]
To preserve integrity, fullhyd.com allows ratings/comments only with a valid email. Your comments will be accepted once you give your email, and will be deleted if the email is not authenticated within 24 hours.
My name:

Dissatisfied with the results? Report a problem or error, or add a listing.
ADVERTISEMENT
SHOUTBOX!
ADVERTISEMENT
This page was tagged for
hyderabad February 2019 News
Telangana news
Telangana Congress updates
Follow fullhyd.com on
© Copyright 1999-2009 LRR Technologies (Hyderabad), Pvt Ltd. All rights reserved. fullhyd, fullhyderabad, Welcome To The Neighbourhood are trademarks of LRR Technologies (Hyderabad) Pvt Ltd. The textual, graphic, audio and audiovisual material in this site is protected by copyright law. You may not copy, distribute, or use this material except as necessary for your personal, non-commercial use. Any trademarks are the properties of their respective owners. More on Hyderabad, India. Jobs in Hyderabad.