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TS, AP Headed for Financial Crisis? Follow us on: RNI No. APENG/2018/764698 @TheDailyPioneer facebook.com/dailypioneer Established 1864 Published From OPINION 6 MONEY 8 SPORTS 12 VIJAYAWADA DELHI LUCKNOW REGULATE BANKS SANCTION RS 1.63 LAKH QUEEN BHOPAL RAIPUR CHANDIGARH NON-PERSONAL DATA CRORE TO 42 LAKH MSMES OSAKA BHUBANESWAR RANCHI DEHRADUN HYDERABAD *Late City Vol. 2 Issue 313 VIJAYAWADA, MONDAYSEPTEMBER 14, 2020; PAGES 12 `3 *Air Surcharge Extra if Applicable HOLLYWOOD TECHNICIAN ROPED IN FOR PK'S NEXT? { Page 12 } www.dailypioneer.com RAGHUVANSH, WHO QUIT LALU NO ALL-PARTY MEET BEFORE HOME MINISTER AMIT SHAH BJP BACKING KANGANA RANAUT YADAV'S PARTY DAYS AGO, DEAD PARLIAMENT SESSION ADMITTED TO DELHI'S AIIMS AGAIN IS UNFORTUNATE: SANJAY RAUT eteran Bihar politician and ex-RJD leader Raghuvansh Prasad Singh - his he traditional all-party meet before a parliament session has been scrapped for nion Home Minister Amit Shah was admitted to Delhi's AIIMS hiv Sena MP Sanjay Raut on Sunday said it was unfortunate that VJune resignation letter to Lalu Prasad Yadav emerged Friday - died Sunday Tthe monsoon session, which begins tomorrow. The departure from convention Ulast night, nearly two weeks after he was discharged from the Sthe BJP is backing Kangana Ranaut despite the actress likening morning at AIIMS in Delhi. He was 74 years old. Less than an hour later a - probably a first in two decades -- is seen as indication of hospital. He was earlier admitted to the top Mumbai to Pak-occupied Kashmir, and added shocked Lalu Prasad tweeted: "Dear Raghuvansh babu! the growing differences between the opposition and Lok hospital for post Covid-care. In an official this was done with an eye on Bihar polls. In his What did you do?" Mr Singh tested positive for COVID-19 Sabha speaker Om Birla. The Speaker has called a statement, the AIIMS said: "Amit Shah, weekly column Rokhthok in Sena mouthpiece in June, after which he was admitted AIIMS in Patna. He meeting of the Business Advisory Committee, which Home Minister was discharged from AIIMS, ''Saamana'', Sanjay Raut also claimed there is a was re-admitted to AIIMS in Delhi, where he was being began at 11 am today, to discuss the agenda for the New Delhi, after post Covid care on August systematic effort to reduce the importance of treated for post-Covid complications. His condition session that concludes on October 1. Among those 30. As per advise given at discharge, he has Mumbai, and constantly defaming the city is deteriorated rapidly over the past two days and he was attending the meeting are Union Minister Pralhad Joshi, now been admitted for complete medical part of that conspiracy. "This is a difficult period placed on a ventilator. He died at 11 am after complaining BJP's Arjun Ram Meghwal, Congress's Adhir Ranjan checkup before parliament session for 1-2 when all Marathi people in Maharashtra should of breathlessness, according to news agency. Choudhury, AIMIM's Asaduddin Owaisi. days." unite," Sanjay Raut said. TS, AP headed for financial crisis? L VENKAT RAM REDDY Telangana State took Rs 286 Jammu & Kashmir availed schemes, amidst criticism that cash for 'direct cash transfer n HYDERABAD crore overdraft for 10 days in ways and means option for 29 RBI BULLETIN EXPOSES GRAVE FINANCIAL SITUATION the ruling TRS and YSRCP in schemes. July, while Andhra Pradesh days and Nagaland for 27 days. the respective states are build- Going for OD in itself is anti- Telugu States seem headed for took Rs 233 crore overdraft for Both TS and AP utilised ing their own 'vote bank' by thetical to sound economics. debt trap, going by details in the two days. Similarly, Telangana 'special drawing facility' for spending public money at the Normally, any organisation, latest bulletin for the month of had availed RBI's 'ways and complete 31 days in July. TS cost of state exchequer. individual or governments goes September released by the means' advance to raise Rs raised Rs 1,344 crore and AP Rs Both TS and AP top the for OD after their bank balance Telangana land Reserve Bank of India (RBI). 1,278 crore for 29 days, while 1,163 crore. country in spending over Rs turns 'zero' or if it doesn't have The central bank's AP raised Rs 1,359 crore for 26 States take loans under 'spe- 60,000 crore per year through adequate balance to meet their law is a structural September 12 bulletin has days. cial drawing facility' by mort- 'direct cash transfer' schemes in immediate financial commit- reform brought to light the grave Telugu States are now placed gaging their securities with the name of welfare pro- ments. An overdraft facility is financial crisis presently being alongside Nagaland and RBI. After this option is grammes. These welfare a credit agreement made with faced by the Telugu States due Jammu & Kashmir --consid- exhausted, they go for Ways schemes are taking a toll on the a bank that allows an account to overdrafts, full utilisation of ered 'least developed states' -- and Means Advance option. financial health of both the holder to use or withdraw Ways and Means advance, huge when it comes to utilising Financial experts determine almost a month in July shows ways and means or special States, going by the RBI bul- more money than what they amounts being spent on DBT RBI's instruments of overdraft, the financial health of States that the fiscal situation in both drawing facility like the Telugu letin. No other big state in the have in their account up to the 4 in the name of welfare schemes Ways and Means Advance and based on how they utilised the states is grave. States, indicating how TS and country is facing as much approved limit. and other reasons. special drawing facility to raise Ways and Means option. That No of the states considered AP are managing to fund their urgency and compulsion as According to the bulletin, funds. TS, AP utilsed this option for 'developed' has availed OD or slew of 'direct cash transfer' the Telugu States to arrange Continued on Page 3 5 LS MPs test Covid-19 vaccine likely by Coronavirus AP sees spike in tax revenue March 2021: Union Minister positive during Covid, says CAG data PNS n NEW DELHI "This shall be done after a con- PNS n NEW DELHI PNS n VIJAYAWADA till July as against just Rs 5,164 sensus has been reached", he crore in the corresponding Union Minister for Health said, according to an official Ahead of the Parliament ses- Belying fears of an adverse period last year. The non-tax Harsh Vardhan said that statement. sion which is scheduled to effect on the economy due to revenue was, however, slight- while there has been no date To allay fears regarding the begin on Monday, as many as Coronavirus-prompted lock- ly lower at Rs 787.14 crore dur- fixed on the availability of a safety aspect of the vaccines, he five members of the Lok down, Andhra Pradesh saw ing April-July this year com- potential Covid-19 vaccine, said, "I shall be the first to offer Sabha have tested positive for over Rs 4,000 crore spike in its pared to Rs 971.75 crore last Modi pats chances are it may be ready myself for receiving Covid the coronavirus infection. tax revenue in the first four year, the CAG data showed. by the first quarter of 2021. vaccine, if people have a trust The coronavirus tests of other months of the current financial While the State borrowed Rs Nitish Kumar for He assured the vaccine will deficit." ministers are still underway. year compared to the corre- ment has enhanced various 13,994.90 crore during April- sushashan be first made available to those He also noted that a safe and It has been made manda- sponding period last year. taxes, including on liquor and July in 2019-20, the figure who need it the most, irrespec- requirements, production effective vaccine will help in tory for all members of both Accounted figures of petrol and diesel, to mop up an touched Rs 39,946.30 crore this tive of their paying capacity. He timelines etc., are also been establishing immunity to the Houses to undergo a Andhra Pradesh released by additional annual revenue of year. The State actually set a further stated that the govern- discussed intensely," he stated. Covid-19 at much faster pace COVID-19 test before the CAG (Comptroller and over Rs 15,300 crore. On top target of Rs 48,295.58 crore for ment is taking precautions in On the availability of the as compared to the natural attending the Parliamentary Auditor General) showed that of these, the government has borrowing during 2020-21 but conducting the human trials of vaccine and its authorisation, infection. It is hoped that a session. the government has earned a mobilised Rs 39,946 crore it has exhausted 82.71 per 5 the vaccine and officials are is he informed that Centre is consensus will emerge in next The members have been tax revenue of Rs 19,114.73 through borrowing from var- cent of the limit in the first four drawing up a detailed strategy considering emergency autho- few months over the desired asked to get their test done crore from April to July in ious sources in the first four months itself. on how to immunise majority risation of Covid-19 vaccina- level of protective herd immu- within 72 hours before the 2020-21 compared to Rs months of the fiscal, the CAG The borrowed money was of the population.
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