Central Budget-2024-25: Telangana State Has High Hopes On Its Share

Hyderabad, July 21 (Maxim News): The Telangana government has high hopes for the Union Budget to be presented in Parliament on July 23. It has already sent proposals to the Center to provide funds for projects that have been pending for a long time and some new ones as well.

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It is expected that this time the funds will be available as expected.  It has also decided to finalize the state budget by the Central budget allocation.

Central Budget-2024-25

Recently, Chief Minister Revanth Reddy also appealed to Prime Minister Modi that Telangana is facing a severe injustice due to the lack of full funds under grants from the Center for the past three years. Funds should be allocated to all states in proportion to their population through central schemes.  But, Telangana is not getting according to it.  For example in the 2023024 budget, the Center has released Rs. 4.60 lakh crore under Centrally Sponsored Schemes (CSS) to all the states, but Telangana has received only 1.4 percent i.e. Rs. 6577 crores, according to the state finance department.

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However, according to the calculation, under 3 percent around Rs. 14 thousand crores are expected to come.  In Last year’s state budget, the state estimated that Rs. 41,259 crores will come as grants from the center.  In the end, only Rs. 9,729 crores were received and the funds could not be spent in various departments as predicted.  To prevent this from happening this time, efforts are being made to formulate the state budget with accurate estimates of how much funds will come from the Centre.

Telangana has prepared a list of various projects and institutions to be established in the state with the support of the Centre.  Based on the funds coming from there, the state government is thinking of starting these.

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Some of the important items on that list are:

–  Establishment of a steel plant in Khammam district.

–  Construction, modernization, and doubling of new railway lines, along with the establishment of a railway coach factory in Kazipet.

–  Funding for Palamuru-Ranga Reddy lift scheme

–  Access to Regional Ring Road (RRR) around Hyderabad

–  Finance to Metro Rail Phase II Project

–  Assistance to Musi River Urban Frnt Project

–  The project to build Indiramma Houses for the poor in the state is supported

–  Establishment of multi multi-model logistic park near Hyderabad

–  Information Technology Investment Region (ITIR) project approved

–  Establishment of Navodaya Vidyalayas in the newly formed districts.

–  Establishment of Sainik School at Elakurthi, Dharmasagar mandal, Warangal District

–  Setting up of IIM in Hyderabad.  Telangana has been asking the Center for this for ten years

–  Rs. 347.54 crores to come under the budget for the financial year 2023024 for the establishment of Ayushman Health Centers.

–  Funds for the construction of elevated corridors from the city on the Rajiv Highway from Hyderabad to Karimnagar and on the National    Highway to Nagpur.

–  Funds for widening Hyderabad Kalwakurthy highway to four lanes.

–  Eight roads in Telangana have been recognized as national highways under the Bharatmata project.

-. Funds for Telangana under the Backward Districts Development Scheme

–  Funds for Warangal and Karimnagar cities under the Smart City Mission

–  Financial Assistance for Modernization of the State Narcotics Bureau.  (Maxim News) 

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