Center Lending Pressure: Telangana eyes Rs 60,000 crore fund shortage | Hyderabad News


Telangana CM K Chandrasekhar Rao (File Photo)

HYDERABAD: TelanganaThe financial difficulties of are far from over as the estimated overall shortfall is pegged at Rs 60,000 crore this year alone. Amid concerns over declining revenue generation for the 2022-23 financial year, the Chief Minister K Chandrasekhar Rao said the state borrowing limit had been reduced to Rs 23,000 crore by the Center from the proposed Rs 53,000 crore.
As the borrowing gap of Rs 30,000 crore will be difficult to bridge, budget estimates will be drastically changed, sources said. CM’s admission on limited borrowing is indication enough that the Centre’s grants will not exceed Rs 10,000 crore this year. The resulting loss would be around Rs 30,000 crore, bringing the total shortfall to Rs 60,000 crore, sources said.
Previously, it was estimated that borrowing up to Rs 19,000 crore would be reduced. Going by the CM’s claims, the loss appears to be much larger as the state will have to generate its own sources of revenue to meet budget forecasts.
Ironically, on the day the CM spoke about the Centre’s arbitrary reduction of Telangana borrowing limits, Prime Minister Narendra Modi told a town hall meeting in Uttar Pradesh that young people should not fall into gifts from governments.
Focus on relief efforts, put politics aside, BJP tells CM
Reacting to Chief Minister K Chandrasekhar Rao’s visit to the flood-affected areas on Sunday, BJP leaders said the CM woke up from its sleep and visited the flood-affected areas, only because of the pressure they had created. They also compiled a list of 11 requests to the CM.
“Over the past eight years, Hyderabad city has witnessed many flood-like situations, but CM has never visited flood-affected areas. But these visits should not only be homonymous; necessary relief measures must be put in place,” Rajya Sabha member and former BJP head of state K Laxman said in a statement.
Laxman demanded that the TRS government clarify what measures have been taken for people each time floods have hit in the past eight years, warning that the BJP will not spare the CM if they use the tour as an opportunity to criticize the central government.
Separately, BJP MP Goshamahal Raja Singh has made 11 flood-related demands to the TRS government. He asked the CM to reveal the amount the Center has granted for disaster management, saying: “The TRS government failed to realize the mistake even though the High Court pointed out that the 1,000 crore funds granted by the Center were not used by the State.”
The MLA also demanded that the state government help farmers in flood-affected areas by providing investment aid, providing free fertilizer and seeds.
BJP National Vice Chairman DK Aruna joined the two in saying that the TRS government should take more effective measures in low-lying flood-prone areas to avoid losses in the event of heavy rains, over the next two months. month.
“The TRS government should put politics aside and focus on relief efforts as well as repairing reservoirs and small water bodies that have been breached due to heavy rains,” she said.

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