Hyderabad, June 12 (Maxim News): The Telangana government headed by Chief Minister Revanth Reddy is gearing up for budget preparation by the end of June.
Click Here To Join Us On WhatsApp
Keeping in view the reports that the newly elected Prime Minister Narendra Modi’s government would present a full budget for the 2024-25 financial year by July end of this year. The State government has presented a vote on account in March this year given the general elections.
The new Union government is likely to present the full budget in July. The state government will prepare the budget proposals first and change them, if required, based on the allocations made to Telangana in the Union budget. “The State Finance wing has already started an exercise to increase the revenues to meet the growing needs in the current financial year.
Click Here To Join Us On WhatsApp
The estimation of the revenue expenditure and revenue generation will be calculated once the Centre announces budget outlay for each sector,” officials said, adding that Finance Minister Mallu Bhatti Vikramarka had already held several rounds of meetings with revenue-generating wings and enquired about the chances of increasing tax collections to meet the State’s needs.
The government’s priority is the waiver of farm loans of upto Rs. 2 lakh by August 15 this year. It requires at least Rs. 30,000 crore. Apart from increasing revenue collections, officials said that the other option to mobilize funds is the sale of government lands. Revenue officials said that the other option to mobilize funds is the sale of government lands. Revenue officials are already on the job to identify the potential lands for sale. Before the presentation of the budget, the lands should be sold. (Maxim News)
Next Story :
Supreme Court To Hear Meenakshi Natarajan Case On june 12
Delhi/Hyderabad, June 11 (Maxim News): It is known that Meenakshi Natarajan’s nomination for the Rajya Sabha from Madhya Pradesh was rejected. However, Meenakshi approached the Supreme Court today to take up the matter immediately. The Supreme Court today announced that the petition will be taken up on Friday. Senior advocate Abhishek Singhvi is arguing on…
Gang Arrested For Stealing Copper Wire And Oil From Transformer
Narketpally/Hyderabad, june 11 (Maxim News): The Narketpally police have arrested gang leader Hamid Hussain and five members of his gang (Rohingya), who are involved in the theft of copper wire and oil from transformers in various districts of the state. 03 bikes worth Rs. 2 lakh, Rs. 7,71,000/cash, 02 cutters, 04 pans and hand gloves…
Asaduddin Owaisi Questions ECI Over ‘Logical Discrepancy’ Category In SIR Exercise
Asaduddin Owaisi | Hyderabad, June 11 (Maxim News): AIMIM president and Hyderabad MP Asaduddin Owaisi has raised concerns over the Election Commission’s use of the “logical discrepancy” category during the Special Intensive Revision (SIR) of electoral rolls ‘Many could be out of draft list due to name on anomalies list’, he urges EC to clarify…
Nipah Virus Stir In Kerala: One Person Tests Positive
Kozhikode/Hyderabad, June 11 (Maxim News) Nipah virus has created a stir in the state of Kerala. Recently, it is reported that a 43-year-old man from Kozhikode district has tested positive for the virus in a preliminary test. Officials suspect that the man may have contracted the infection while cleaning a warehouse. The doctors who tested…
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
