Home Tags Telangana budget

Agriculture, irrigation get lion’s share in Telangana Budget


The government of Telangana has hiked allocations for agriculture and allied sector and some other key departments in the state Budget 2023-24 presented on Monday.

The election year Budget, pegged at Rs 2.90 lakh crore, has no new schemes but the Bharat Rashtra Samithi (BRS) increased allocations for some of its flagship schemes.

The Budget outlay has been increased by about 13 per cent over 2022-23.

The size of last year’s Budget was Rs 2.56 lakh crore.

Presenting his fourth Budget and the last of the BRS government in its present term, state Finance Minister T. Harish Rao announced Rs 1,000 crore for new recruitments in government departments and Rs.500 crore for providing Infrastructure facilities to all universities.

He proposed Rs 26,831 crore for agriculture and allied departments, which along with irrigation remained priorities of the government.

For farmers’ debt waiver, the government has allocated Rs 6,385 crore, an increase of Rs 2,385 crore over last year

For Rythu Bandhu, the flagship scheme to provide investment support to farmers at the rate of Rs.10,000 per acre annually, the allocation has been increased marginally to Rs 15,075 crore. The allocation for insurance to farmers has been revised from Rs 1,465 crore to Rs 1,589 crore.

Harish Rao proposed Rs 26,885 crore for the irrigation sector and reiterated the government’s commitment to bring an additional 50,24,000 acres under irrigation in the next two to three years to take the total area to 1 crore 25 lakh acres.

Stating that Telangana is the only state in the country providing uninterrupted 24-hour quality power supply to all the sectors of the economy and free power to the agriculture sector, he enhanced allocation for power subsidy to Rs 12,000 crore from Rs 10,500 crore in 2022-23.

Under Aasara pensions, provided to various categories of beneficiaries, the allocation has been enhanced by Rs 271 crore to Rs 12,000 crore for 2023-24.

Under the flagship scheme Dalit Bandhu, the Minister proposed Rs 17,700 crore. During the years, 1,100 Dalit families in each of the 118 Assembly constituencies will be provided Rs 10 lakh each.

The allocation for the education department is pegged at Rs 19,093 crore. For the medical and health department, he proposed Rs 12,161 crore.

The state Finance Minister proposed Rs.2,500 crore for maintenance of R&B roads and s.2,000 crore for maintenance of Panchayat Raj roads

He also announced the contract employees will be regularized and the pay scales of employees of SERP will be revised from April, 2023.

Telugu360 is always open for the best and bright journalists. If you are interested in full-time or freelance, email us at Krishna@telugu360.com.

Telangana presents Rs 2.56 lakh crore budget


Telangana Finance Minister T. Harish Rao on Monday presented a Rs 2.56 lakh crore budget for financial year 2022-23, up from last year’s budget size of Rs 2.31 lakh crore.

Presenting the budget in the Assembly, he proposed total expenditure of Rs 2,56,958.51 crore. Out of this, revenue expenditure is Rs 1,89,274.82 crore and capital expenditure is Rs 29,728.44 crore.

The government allocated Rs 17,700 crore for Dalit Bandhu, a new scheme launched last year on pilot basis for economic empowerment of Dalits. Under the scheme, every Dalit family will get Rs 10 lakh grant for any entrepreneurial activity of its choice.

Harish Rao called it a historic and first of its kind scheme in the country providing the highest amount of assistance directly to the beneficiary.

In all the Assembly segments of the state, 11,800 families would get the benefit at the rate of 100 families per Assembly segment.

He said by the end of the next financial year, the programme would cover two lakh families, and the government is determined to cover all the Dalit families in the state in a phased manner.

Stating that Telangana recovered much faster following the aftermath of the Covid pandemic, Harish Rao said as per the advance estimates, the GSDP growth in 2021-22 is estimated at 11.2 per cent, at constant prices, as compared with the national GDP growth of 8.9 per cent.

At current prices, GSDP growth is estimated at 19.1 per cent as compared with the estimated GDP growth of 19.4 per cent.

He pointed out that the GSDP of Telangana in 2013-14, at the time of the state’s formation (2014) was Rs 4,51,580 crore, and by 2021-22, it has gone up to Rs 11,54,860 crore.

At the country level, during 2020-21, there was a negative growth rate of (-) 1.4 per cent due to the adverse impact of corona, and many states also registered negative growth rates. But Telangana clocked a positive growth rate of 2.2 per cent during 2020-21, he said.

“The fact that Telangana withstood the havoc of the pandemic is a testimony to the strong foundations laid since the formation of the state for sustained and resilient economy.”

The contribution of Telangana to the country’s GDP improved from 4.06 per cent in 2014-15 to 4.97 per cent in 2021-22. During the last seven years, Telangana is the only state in the country whose contribution in the national economy has grown by almost 1 per cent, the minister said.

He said that the growth of Telangana has become much more broad-based. Industry and services sectors recorded impressive growth over 2020-21, and the secondary sector consisting of manufacturing and construction recorded an impressive growth of 21.5 per cent in current prices over contraction of 0.3 per cent in 2020-21.

The services sector too improved its performance significantly to 18.3 per cent in the current year over the previous year’s growth of 0.9 per cent.

He claimed that in terms of growth of per capita income, Telangana’s performance has been spectacular. In 2014-15, the per capita income of Telangana at Rs 1,24,104 was higher than the national per capita income of Rs 86,647 by 1.43 times. By 2021-22, the per capita income of the state at Rs 2,78,833 exceeded the national average of Rs 1,49,848 by 1.86 times.

The state recorded a higher growth of 18.8 per cent in per capita income in 2021-22 as compared with the national growth of 18.1 per cent. In 2020-21, Telangana is a top-ranking state in per capita income among all the southern states. This is the achievement of the people of Telangana, he said.

Harish Rao said Telangana maintained its growth momentum even in adverse situations and that it has emerged as an economic powerhouse and as one of the fastest-growing states in the country.

He slammed the Centre for discrimination towards the state, and creating hurdles in the path of progress of the State, saying that instead of incentivising the states which are progressing, the Centre is trying to actively discourage them.

Harish Rao said the promises made in the Reorganisation Act are also not yet fulfilled. “As if this was not enough, whenever there is a discussion on the formation of Telangana, it is commented that it is like – ‘killing the mother for saving the baby’. These comments made by the elders at the Centre are an insult to the people of Telangana.”

Noting that the Information Technology and Investment Region project allocated to Telangana was cancelled, he said that 9 districts of the erstwhile state were notified as backward districts, but the grant which was supposed to be given to these districts is delayed. On one hand, the Centre talks about cooperative federalism, but on the other, it acts against the spirit of federalism and is encroaching on the powers of the state, he said.

He recalled that NITI Aayog had recommended that an amount of Rs 24,205 crore be released for Mission Bhagiratha and Mission Kakatiya schemes, but “the Centre has not even released 24 paise”.

The 15th Finance Commission has recommended that during 2020-21, an amount of Rs 723 crore is to be given to Telangana as a special grant, but the same was disregarded.

State specific grants of Rs 2,362 crore and sector specific grants of Rs 3,024 crore were also denied. In all, a sum of Rs 5,386 crore were denied to Telangana by the Centre, which did not even extend financial assistance to tackle Covid-19 pandemic, he said.

The enhanced borrowing under FRBM was linked to reforms in the power sector, and Telangana will be deprived of Rs 25,000 crore over the next five years, he said, adding that the “autocratic attitude of the Centre can be understood from this”.

“For the sake of these Rs 25,000 crore, the state has to implement a series of reforms in the power sector which are particularly against the farming community interests. The state government is not interested in making the farmers pay for the power which is being provided to them. That is not the policy of Telangana state. Chief Minister KCR has told Centre that such a policy would not be implemented as long as he is alive.”

Telugu360 is always open for the best and bright journalists. If you are interested in full-time or freelance, email us at Krishna@telugu360.com.

Telangana Budget 2021 Updates


Telangana Finance Minister T. Harish Rao is presenting the state Budget 2021-22 today. Rs 5 crore to each assembly constituency under Assembly Constituency Development Fund has been allocated. Over Rs 14,800 crore have been allocated for the state government’s flagship programme Rythu Bandhu scheme and Rs 5,225 crore for loan waiver scheme.

Other than anything, Rs 25,000 crore budget for agriculture sector and Rs 16,900 crore for irrigation department has been allocated, giving it the first priority. The government has allocated Rs 1,000 crore for Hyderabad Metro Rail project and Rs 200 crore for Musi rejuvenation project.

For a comprehensive land survey, Rs 400 crore has been allocated while Warangal and Khammam Municipal corporations got 250 crore and Rs 150 crore respectively. The government is spending Rs 11,000 crore for completing 2BHK housing scheme and Rs 3,000 crore for RTC through budgetary and non budgetary provisions.

Also, the government has decided to distribute 3 lakh sheep units for which Rs 3000 crore has been allocated. For construction of integrated veg and non-veg market complexes in all towns and cities, Rs 500 crore has been allocated. Rs. 338 crore will be given for Handloom Workers Welfare.

Also, the government is going to introduce dalit empowerment scheme in the coming financial year. 

Telugu360 is always open for the best and bright journalists. If you are interested in full-time or freelance, email us at Krishna@telugu360.com.

Is KCR blaming Modi’s policies for recession?


In his budget speech in the Assembly, Telangana Chief Minister K Chandrasekhar Rao made all-out, desperate efforts to show Modi Regime in bad light. He blamed the country’s economic slowdown for Telangana’s bad finances leading to lesser budget allocations this year. KCR tried hard to cover up the negative impact his regime’s Mission Kakatiya and massive welfare programmes left on the state as a whole.

KCR told Assembly that recession is hitting economy in the past one and half years as GDP came down from 8 per cent to 5 per cent. This is as per the Centre’s figures. KCR said that India’s key growth sectors are badly hit. The car companies brought down manufacturing by 33 per cent while sales went down by over 10 per cent.

Analysts say that the TRS obviously used his budget speech as a good opportunity to attack the BJP. Since the last general election, he was maintaining distance from the Modi-Shah duo.

KCR told the Assembly that the Centre’s policies would usually give a direction to the country’s economy while an individual state government like Telangana has no choice but to follow in the footsteps of the Union government. KCR expressed his misfortune of having to present Telangana budget amid such bad economic situation.

Telugu360 is always open for the best and bright journalists. If you are interested in full-time or freelance, email us at Krishna@telugu360.com.

TS budget may not be populist ?


In the last budget of Telangana state, ahead of the elections, the finance department has allegedly advised the government not to announce any populist schemes as the budget estimates went wrong for ongoing fiscal year.

Telangana has been claiming to be a revenue surplus state, but reality appears otherwise. The budget of year 2017-18 estimated a surplus of 4751.31crore. However, ten months into the budget, the estimates have overturned and the youngest state has now revenue deficit 3643.66 crore. There has been minus 79% deviation in the budget

The deficit is the difference between the receipts and expenditure. According to a report in New Indian express, With the State turning from revenue surplus to revenue deficit, the fiscal deficit of the State too is expected to increase beyond the stipulated norms of Fiscal Responsibility and Budget Management (FRBM) Act.

Given this background we need to wait and see how the next budget may project the revenue surplus or deficit

Telugu360 is always open for the best and bright journalists. If you are interested in full-time or freelance, email us at Krishna@telugu360.com.



[X] Close
[X] Close