Telangana budget outlay is ₹ 2.30 lakh Cr.
The Hindu
Finance Minister T. Harish Rao on Thursday presented to the State Assembly budget of Telangana for 2021-22 with a targeted outlay of ₹ 2.30 lakh crore which is at least ₹ 48,000 crore more than the proposals for 2020-21 and revised to ₹64,000 crore recently.
Turning its back to a bad year induced by pandemic, the budget reflected the government’s resolve to mop up ₹ 1.76 lakh crore through revenue receipts (excluding borrowings) which is ₹ 59,000 crore more than the revised estimates of last year. The revised receipts fell short of budget estimates by ₹ 26,000 crore in 2020-21. The capital receipts in the coming year were contemplated at ₹ 53,850 crore, including open market loans of ₹ 47,500 crore. A revenue surplus of ₹6,743 crore and a fiscal deficit of ₹ 45,509 crore are targeted in 2021-22 wherein a new scheme named CM Dalit Empowerment Programme is proposed with an allocation of ₹1,000 crore. The government decided to provide each MLA and MLC with ₹ 5 crore for development of their constituencies. The government also decided to provide an incentive of ₹ 30,000 per acre as subsidy for oil palm farmers. Taking into account, the future drinking water needs of Hyderabad, the government planned to take up a new project to bring water to the city from Sunkesula near Nagarjunasagar.A crowd comprising farmers, researchers, professors, students, and horticulture enthusiasts thronged the ICAR-Indian Institute of Horticultural Research (IIHR), Hesaraghatta, Bengaluru, on Friday for the inaugural ceremony of the Triphal Diversity Show which showcased 300 mango, 100 jackfruit, and 100 banana genotypes in collaboration with ICAR-National Research Centre for Banana, Tiruchirappalli.
The State government on Friday constituted a Special Investigation Team (SIT), headed by Additional Director-General of Police, Manish Kharbikar of the Economic Offences division of the Criminal Investigation Department (CID) to probe the alleged multi-crore scam in the government-run Maharshi Valmiki Scheduled Tribes Development Corporation.