Finance Minister Explained Reasons For Presenting Vote-On-Account Budget
Hyderabad, Feb 10 (Maxim News): Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramarka explained the reasons for presenting the congress government’s first budget as a vote-on-account budget. The Finance Minister said the State government has a clear vision of polling its resources and plans to tap maximum funds from the Central government under various schemes.
Click Here To Join Us On WhatsApp
Pointing out that the Centre had recently introduced a vote-on-account budget, he said “Only if a full-scale budget is presented by the Government of India, we will be able to have a reasonable estimate of the funds that might be transferred to us. Hence, we have decided to introduce a full budget after the Central Government introduces its regular budget.”
Concluding his speech, Bhatti Vikramarka stated that the State budget will change the course of the State and make it a people-centered development and their welfare. He alleged that the previous government made the State bankrupt, with the burden of unplanned loans being a major challenge. “Yet, we will stand by the people with planned developmental goals, ” he said.
Click Here To Join Us On WhatsApp
The Deputy Chief Minister also hinted at cutting down wasteful expenditure in day-to-day government operations and also disposing of certain assets “by curbing expenditure on unwarranted infrastructural assets.”
“Our budget focuses on people’s overall development, progress, and their happiness, ” he said.
BUDGET HIGHLIGHTS
Total Budget – Rs. 2,75,891 crore
Abhayahastham schemes under six guarantees – Rs. 53,196 crore
Industries – Rs. 2,543 crore
IT – Rs. 774 crore
Panchayat Raj and Rural Development – Rs. 40,080 crore
Musi Riverfront Development – Rs. 1,000 crore
Municipal Administration and Urban Development – Rs. 11,692 crore
Agriculture – Rs. 19,746 crore
SC Welfare – Rs. 21,874 crore
ST welfare – Rs. 13,313 crore
Minorities Welfare – Rs. 2,262 crore
BC Welfare – Rs. 8,000 crore
Education – Rs. 21,389 crore
Medical and Health – Rs. 11,500 crore
Housing – Rws. 7,740 crore
Irrigation – Rs. 28.024 crore (Maxim News)
Next Story :
-
Adani Bribery Case: KTR Demands Telangana Govt To Cancel All Contracts
![Adani Bribery Case: KTR Demands Telangana Govt To Cancel All Contracts]()
Hyderabad, Nov 22 (Maxim News): BRS working president KT Rama Rao demanded the Congress government in Telangana to cancel its agreements with the Adani Group, worth Rs 12,400 crore, and return the Rs 100 crore donation made by the group for the Skill University. The demand follows charges of corruption and bribery against industrialist Gautam Adani…
-
Raja Singh Sparks Controversy Again: Advises Ayyappa Devotees’ To Visit Vavar Mosque
![Raja Singh Sparks Controversy Again: Advises Ayyappa Devotees’ To Visit Vavar Mosque]()
Hyderabad, Nov 22 (Maxim News): Goshamahal BJP MLA Raja Singh, sparked controversy after advising Ayyappa Swamy devotees not to visit the Vavar mosque of Hazrath Vavarswami Darga and mosque—popularly known as Vavar mosque—when traveling to the Sabarimala Temple in Kerala.
-
Telangana: DCA Cracks Down On Fake Drug Claims For Critical Illness
![Telangana: DCA Cracks Down On Fake Drug Claims For Critical Illness]()
Hyderabad, Nov 22 (Maxim News): The Drug Control Administration (DCA), Telangana State seized several drugs that were circulating in the market with misleading claims of treating Cardiovascular disorders, blood pressure, Ophthalmic diseases/disorders, fevers, and diabetes, which is in contravention of the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954, a DCA press release said.
-
Three Arrested For Practicing Allopathy In Telangana
![Three Arrested For Practicing Allopathy In Telangana]()
Hyderabad, Nov 22 (Maxim News): The drug inspectors of Telangana State Drug Control Administration (TSDCA) conducted raids on the premises of three quacks (unqualified medical practitioners), who were practicing allopathy, at different locations in Telangana State and seized substantial stocks of medicines worth Rs. 83,000, stored illegally for sale.
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter and Instagram. For all the latest Hyderabad News updates
