KCR calls for a week-long December House session to ‘expose’ the Center – न्यूज़लीड India

KCR calls for a week-long December House session to ‘expose’ the Center


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oi-Rahul Kumar

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Published: Friday, November 25, 2022, 16:11 [IST]

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Against the backdrop of heightened tensions between the Bharatiya Janata Party (BJP)-led Center and the Telangana Rashtra Samithi (TRS)-led state government, Chief Minister K Chandrasekhar Rao decided to “expose” the saffron party on the floor of the Assembly. Is.

KCR calls one week December House session to 'expose' Center

Blaming the Center for a revenue shortfall of Rs 40,000 crore in 2022-23 due to conditions imposed by the central government on “progressive and performing” Telangana, the chief minister decided to convene a week-long assembly session in December Is. It aims to bring to light the “irrational and absurd economic policies” of the Centre.

According to an official release, the CM intends to speak in detail about the “actions” of the Center during the session so that the people of Telangana can understand the situation. The CM on Thursday directed Legislative Affairs Minister Vemula Prashanth Reddy and Finance Minister T Harish Rao to take necessary steps to convene the session. Rao believes that the Centre’s attitude has become a hindrance to the future and development of the state.

FRBM Limitations

States usually prepare budget estimates taking into account the Fiscal Responsibility and Budget Management (FRBM) limits given by the Centre. However, the change in FRBM limit this year has impacted the budget of the state government. When the state proposed to raise Rs 54,000 crore in FRBM loans, the Center capped it at Rs 39,000 crore.

As the state did not implement power sector reforms, it could not raise an additional 0.5 per cent FRBM loan this year, resulting in a loss of Rs 6,000 crore. Besides, the Center did not release nearly Rs 20,000 crore in non-budgetary funds. Due to this, the revenue shortfall for the state in the current financial year is estimated to be around Rs 40,000 crore.

4,919 students benefit from foreign scholarship program in Telangana4,919 students benefit from foreign scholarship program in Telangana

Rao commented, “The Center with its politically motivated, vindictive and degenerate policies is undermining federalism by silencing the voices of the states and harming all the states.” Power Finance Corporation (PFC). However, after the intervention of the CM, now PFC and other agencies are releasing the amount.

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english summary

KCR calls one week December House session to ‘expose’ Center

Story first published: Friday, November 25, 2022, 16:11 [IST]

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