City
Epaper

Telangana CM holds review meeting on state's financial position, writes to Sitharaman

By ANI | Updated: December 7, 2019 23:00 IST

Telangana Chief Minister K Chandrashekhar Rao on Saturday held a review meeting here on the state's financial position.

Open in App

Telangana Chief Minister K Chandrashekhar Rao on Saturday held a review meeting here on the state's financial position.

A release from Chief Minister's Office said that the central government was making "tall claims on a daily basis both in the Parliament and outside that there is no effect of an economic slowdown in the country but the facts are quite different from this".

"The Centre announced in the budget that it will give Rs 19, 719 crore for Telangana under the taxes sharing. This is 6.2 per cent more than the allocations made in the 2018-19 budget. However, in the last six months, the Centre gave Rs 10, 304 crore only as the tax share," the release said.

"In the last financial year for the eight-month period, the Centre gave Rs 10, 528 crore. In other words, compared to 2018-19, this financial year till date the Centre gave Rs 224 crore less. This would mean that as against 6.2 per cent hike as proposed in the current financial year's budget, there is, in fact, a decline of 2.13 percent. Instead of getting Rs 700 crore more from the Centre, Telangana has been given Rs 924 crore less," it added.

The Chief Minister has also instructed all departments to reduce expenditure and given instructions that funds for all the departments be decreased in tune with reduction in funds from the Centre, the release said.

The Chief Minister wrote a letter to Finance Minister Nirmala Sitharaman on Saturday requesting her to release funds to the state as stipulated in the budget or else declare the facts.

( With inputs from ANI )

Tags: centreChandrashekhar RaoNirmala Sitharaman
Open in App

Related Stories

NationalGST Overhaul: Council Targets Uniformity, Balances Relief for Middle Class with Luxury Tax Hike

NationalGST Council Meeting: Middle-Class Households Poised to Gain Big from Tax Relief

NationalNirmala Sitharaman Likely to Introduce New Income Tax Bill in Lok Sabha Next Week

NationalLoan EMI Calculator: How Much Will You Save With Lower EMIs and New Income Tax Slabs?

MaharashtraBudget 2025: Sanjay Raut Calls Special Announcements for Bihar an 'Election Package' (Watch Video)

National Realted Stories

NationalDelhi Medical Association to organise health check-up camps, awareness drives to mark Seva Pakhwada

NationalJharkhand: Suspended IAS officer Vinay Chaubey’s bail plea rejected in land scam case

NationalGang rape 'survivor' under treatment, justice will be delivered: Puri District Collector

NationalRajnath Singh urges armed forces to prepare for unconventional threats

NationalOppn parties assure support for smooth functioning of Odisha Assembly session from Sep 18