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Telangana Budget Beats Slowdown TS GSDP Continued from Page 1 Schemes, Though the Centre Rs.21,972 Crore

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Telangana Budget Beats Slowdown TS GSDP Continued from Page 1 Schemes, Though the Centre Rs.21,972 Crore Follow us on: @TheDailyPioneer facebook.com/dailypioneer RNI No. TELENG/2018/76469 Established 1864 Published From ANALYSIS 7 MONEY 8 SPORTS 12 HYDERABAD DELHI LUCKNOW STEM THE SIX OF TOP-10 FIRMS LOSE SOUTHERN STARS BHOPAL RAIPUR CHANDIGARH GENDER GAP SHINE SO BRIGHT BHUBANESWAR RANCHI DEHRADUN RS 95,432 CR IN M-CAP VIJAYAWADA ` *LATE CITY VOL. 2 ISSUE 149 HYDERABAD, MONDAY MARCH 9, 2020; PAGES 12 3 *Air Surcharge Extra if Applicable www.dailypioneer.com HARISH PRESENTS PRO-FARMER TELANGANA BUDGET BUDGET BEATS SLOWDOWN Harish presents ‘jumbo budget' of Rs 1.82 lakh crore, up from Rs 1.46 lakh crore last year Comes up with tax-free budget L VENKAT RAM REDDY n HYDERABAD FARMERS’ The State government on DEBT WAIVER Sunday presented a Rs 1.82 KCR praises lakh crore jumbo budget that RYTHU 6,225 CR Harish for is free of any fresh taxes and BANDHU largely oriented towards ‘balanced improving the lot of farmers. 14,000 CR budget’ Finance Minister T. Harish Rao presented the Budget for hief Minister K 2020-21 for the first time in the RYTHU Chandrashekhar Rao has Telangana State Legislative BHIMA C complimented the Budget presented by Assembly. Finance Minister T Harish Rao presenting the TS Budget 2020-21 for the first time in the State Legislative Assembly on Sunday Finance Minister T Harish Rao for the The total outlay of the bud- 1,141 CR financial year 2020-2021 and said it is a balanced one. The get was pegged at Rs farmers, instead of paying Chief Minister went on to describe it as "a progressive Budget prepared for 1,82,914.42 crore, which is sig- BONANZA FOR FARMERS through banks. POWER the Welfare Telangana State." The Chief Minister said the Budget was realistic, nificantly higher than the Rs These cheques will be hand- SUBSIDY striking a balance between the income, expenditure and needs of the people. The 1.46 lakh crore budget present- n Farm loan waiver to n Loan waiver cheques ed over to the farmers by local Chief Minister expressed satisfaction over adequate allocations made in the Budget ed by the state government last begin this month, to be to be handed over to MLAs. The move is likely to 10,000 CR for the plans made for welfare of all sections and for all sectors. He said despite the year. Of this, the establishment completed in four farmers directly by the yield political mileage for TRS, fact that the country was going through an economic slowdown, decrease in the state expenditure is estimated at Rs phases MLAs as 103 out of 119 MLAs in the revenues, reduction in the funds from the Centre, the Budget was made not to hamper any 78,301.80 crore and scheme Assembly belong to TRS. development activity in the State. He, therefore, congratulated the FM's efforts. KCR said the Budget was made expenditure at Rs 1,04,612.62 n Crop loans up to Rs n Rythu Bandhu, The government has in accordance with the promises made during the elections, measures taken by the government for the village and crore. The revenue surplus is 25,000 of Rythu Bima gets announced waiver of crop urban progress and development, the objective of including more poor in the welfare schemes.the Finance Ministry. estimated at Rs.4,482.12 crore, 5.84 lakh more funds loans up to Rs 1 lakh in four while the fiscal deficit stands at farmers to phases, for which Rs 24,738 Rs.33,191.25 crore. be waived off n Harish crore is required. KCR had slashed the Budget in the first says TS could The Chief Minister's brain- by 20 per cent in September phase overcome child Rythu Bandhu has been Hyderabad scores big in TS Budget 2019 when he presented a recession allotted Rs 14,000 crore, against 'full-fledged budget' of Rs 1.46 with state's Rs 12,000 crore last year. Rythu NAVEENA GHANATE n TRS in a run-up for GHMC elections, n KTR hails, says this will ment of six Metro Cities in lakh crore, in place of the Rs own Bima got Rs 1,441 crore. n HYDERABAD allocates Rs 10,000 crore to city, help Hyderabad develop India. Central Government 1.82 lakh crore 'Vote-on- resources] Another Rs.1,000 crore has the highest ever as global city has not granted special funds Account' sought by the govern- been allocated towards Market The Telangana government to Hyderabad and other ment in February 2019 citing Intervention Fund to ensure has allocated a whopping cities". 'recession'. Minimum Support Price amount of Rs 10,000 crore in Pointing out that the alloca- As the impact of recession is Public Dept Capital Expenditure (MSP) for farmers for their the Budget 2020-21 for the tion under the budget would still being felt in the realization Rs 35,000 cr Rs 22,061 cr produce. Public Dept Hyderabad Urban boost infrastructure works in of government revenues, there Revenue Loan To speed up the completion Revenue Repayment Agglomeration area so as to and around Hyderabad, were expectations that the pre- Receipts Recoveries of pending irrigation projects, Expenditure Rs 6,521 cr metamorphose the 'City of Municipal Minister K Taraka sent budget would be similar to Rs 1,43,151cr Rs 50 cr Rs 11,054 crore has been allo- Pearls' into an international Agglomeration area". 50,000 crore is required over Rama Rao said, "The city's the one presented last year in Rs 1,38,669 cr cated to the irrigation sector. city. The massive allocation is the next five years to take up development will be accelerat- most respects. However, Public Accoun Loan and Micro irrigation has got Rs 600 Finance Minister T Harish evidence that the ruling party developmental works in the ed by the allocation of Rs Harish sprang a surprise by (Net) RS 4,000 cr Advances crore allocation. Rs.100 crores Net-Deficit (Rs 212 cr) Rao said, "An amount of Rs is gearing up for the upcoming capital city, which is being 10,000 crore in the current increasing the budgetary out- Rs 15,662 cr has been proposed in this 10,000 crores is proposed in GHMC elections. "transformed into an interna- budget for infrastructure pro- lay to Rs 1.82 lakh crore -- the Budget for extending incen- this Budget to carry out the Later, at a presser, Harish tional city". jects and development projects same that was presented by loan waiver scheme, beginning farmers who have obtained tives to the dairy farmers. An Musi River purification and Rao termed this allocation for Harish said, "The Chief currently underway in KCR in February 2019. this month. The government loans of less than Rs 25,000. amount of Rs 350 crore has Musi River Front Project and the city as a "big decision". The Minister had requested the Hyderabad and surrounding The highlight of the Budget has allocated Rs 6,225 crore for Interestingly, this time, the been sanctioned for construc- all other special projects and Telangana Government has Central Government to grant areas". is the government's decision to this purpose in the first phase. government will hand over tion of Rythu Vidikas. works in Hyderabad Urban estimated that a sum of Rs special funds for develop- 2 implement the pending farm This will benefit 5,83,916 loan waiver cheques directly to 2 TS fiscal health hinges on tipplers 3 Infosys staffers held for taking bribes No handshakes, only FM expects more revenue from Excise Dept from taxpayers ‘namastes’ for Sindhu K VENKATESHWARLU from liquor sales, taking the Rs.12,600 crore. In a similar PNS n BENGALURU n HYDERABAD monthly total to nearly Rs manner, the government PNS n NEW DELHI lifestyle changes in the 1,400 crore. expects the revenues from Three Infosys employees, Olympic year. Right or wrong, a high point of Harish Rao said that the liquor sales to cross Rs.20,000 attached to the Income Tax Top Indian shuttler P.V. "Only Namaste," world the Rs 1.84 lakh-crore budget government was expecting crore, significantly more than department's Centralised Sindhu will not be shaking number six Sindhu told presented by Finance Minister "good revenue" from the Excise estimated in the budget. Processing Centre here, were hands during next week's All Sunday's Times of India news- T Harish Rao on Sunday is the Department in the coming 12 In his interaction with arrested for allegedly taking England Open Badminton paper when asked how she state's unabashed reliance on months. Although the govern- media persons post presenta- bribes from tax-payers for Championships in planned to greet players and TS GSDP drops, but is vastly increased revenues from ment had estimated Rs 16,000 tion of the Budget, the Finance speedy processing of their Birmingham and use the tra- officials during the March 11- the Excise Department as a crore revenue from liquor sales Minister estimated that rev- refund, police said on Sunday. ditional 'Namaste' greeting 15 tournament in way to tone up the fiscal health for the financial year 2020-21, enue this year from liquor According to police, the key instead following the coron- Birmingham. above national average of Telangana. the government might get far sales showed almost 27 percent accused among the three was avirus outbreak, the 24-year- "We need to avoid it (hand- While being confident of the more than the estimated rev- growth. During 2019-20, the attached to the CPC's data old has said.
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