HYDERABAD: Telangana state has accomplished seven years of its formation and Chief Minister Ok. Chandrashekar Rao, seven years in energy on Wednesday.
Although the Telangana Rashtra Samiti (TRS) authorities made speedy strides in agriculture, irrigation, energy, industries sectors, welfare schemes and many others in
the previous seven years, it’s going through a serious problem of preserving state
funds so as as a result of Covid-induced monetary disaster in its seventh
On the political entrance, TRS and Chandrashekar Rao emerged stronger by
sweeping Graduate MLC polls, Warangal, Khammam company polls and
Nagarjunasagar bypoll just lately although they confronted minor setbacks in GHMC
polls and Dubbak bypoll in 2020-end.
The federal government is now struggling to fund its welfare schemes and growth programmes forcing the state Cupboard to take a call on Might 30 to unload authorities lands and housing board homes and flats to lift a minimum of Rs 30,000 crore this 12 months.
Telangana state got here into existence on June 2, 2014 as a ‘revenue-surplus
state’ giving ample scope for the Chief Minister to spend over Rs 50,000
crore on welfare schemes per 12 months and launch a slew of growth tasks by spending lakhs of crores of rupees.
Within the course of, Chandrashekar Rao created a document of creating Telangana the
solely state to supply faucet water to each family via Mission
Bhagiratha, 24×7 free energy provide to farmers, 10,000 per acre per 12 months to
60 lakh farmers totalling to over Rs14,000 crore per 12 months in direction of Rythu
Bandhu, Rs 5 lakh free insurance coverage for farmers below Rythu Bima, Rs 2,000 crore per 12 months for Aasara pensions, Rs1 per kg rice, Rs1 lakh monetary help to carry out marriage of daughters below Kalyana Laxmi and Shaadi Mubarak with an outlay of Rs 2,750 crore, distribution of sheep and the record goes on.
The federal government might spend almost Rs 1 lakh crore for Kaleshwaram, the world’s largest carry irrigation undertaking in simply two years. Within the agriculture sector, Telangana witnessed phenomenal meals grains manufacturing of over 1 crore metric tonnes and stands second solely to Punjab within the nation.
Nonetheless, Covid outbreak and subsequent lockdown since March 2020 has pushed state authorities into an unprecedented monetary disaster for the primary time after formation of the state. It fell quick by almost Rs 50,000 crore in
attaining its budgetary goal of Rs 1.83 lakh crore in 2020-21. Regardless of this,
the federal government introduced an bold price range of Rs 2.30 lakh crore for 2021-22 with a perception that Covid would subside however the second wave and subsequent evening curfew, lockdown since April 20 added to the monetary woes of state authorities.
Although the Chief Minister introduced new PRC for presidency workers from April, it couldn’t be applied up to now attributable to fund crunch inflicting
resentment amongst workers. Payments value Rs 25,000 crore are pending with the
treasuries division for need of funds.
The federal government is counting on public sale of bonds for now to run the present. It
already raised Rs 3,000 crore in April, Rs 3,500 crore in Might and Rs 1,000 crore on June 1 amounting to Rs 7,500 crore within the very first three months of this fiscal.