Etela Rajender Introduced Rs 1.46 Lakh Cr Budget-2017 | Telagana Budget-2017

Telangana News
By ind gog
Etela Rajender Introduced Rs 1.46 Lakh Cr Budget-2017

Hyderabad, March 13 (Maxim News): Telangana Finance Minister Eetala Rajendar here on Monday present Rs. 1.46 crore Budget, at 12 noon, in Telangana Assembly.

Most of the allocations was made  for welfare measured. A sum of Rs. 25,000 cr is being allocated for completion of irrigation projects. A major portion of the budget earmarked for double bedroom houses. At least Rs. 30,000 crore will be earmarked for welfare schemes. The usual practice of declaring planning and non-planning expenditure will be done away with.

Finance minister Etala Rajender presents the State’s fourth budget.  Here are the highlights from his budget speech:

  • State’s Per Capita Income in 2016-17 is estimated to increase to Rs 1,58,360 this year from Rs 1,40,683 in 2015-16
  • State’s per capita income in 2016-17 is significantly higher than national average of Rs 1,03,818
  • TS growth in annual per capita income improved from 11.2 per cent in 2013-14 to 12.6 per cent in 2016-17 as against the declining national trend of 11.5 per cent to 10.2 for the same period
  • This revival is proof of total neglect of Telangana in unidivided AP
  • Rs 50,954.61 crore committed expenditure under revenue heads in 2017-18
  • Of this, Rs 4,659.48 crore earmarked for loan repayments, Rs 5,544.85 crore towards loans and advances, Rs 448.26 crore for capital heads
  • Major transition from shackled economy to economy fulfilling aspirations of people
  • Periodic review of utilisation of funds for SC, ST welfare, quarterly reports to be submitted to legislature
  • Budget bears imprint of CM to realise vision of ‘Bangaru Telangana’ in shortest possible time
  • TS witnessing distinct upward shift in growth trajectory ever since its formation
  • GSDP growth at constant prices (2011-12) improved from 5.6 per cent in 2013-14 to 8.7 per cent in 2014-15, and to 9.5 per cent in 2015-16
  • Latest GSDP growth at constant prices in 2016-17 is likely to be 10.1 per cent as against expected national GDP growth of 7.1 per cent
  • TS records 19.61 per cent revenue growth this fiscal, higher than most other States despite demonetisation
  • This shows resilience of youngest State in India
  • CM KCR’s concern to ensure benefits of development reach poor and down-trodden evident in budget estimates
  • This year’s budget follows uniform system of accounting and not classification of expenditure into plan and non-plan
  • Government inniitiative ‘know-your-district, plan-your-district’ will help decentralised planning which was only on paper earlier despite 73rd and 74th amendments to Constitution
  • Overall GSDP at current prices in 2016-17 is expected to be Rs 6,54,294 crore against Rs 5,75,631 crore with growth of 13.7 per cent growth
  • Rs. 14,723 crore allocated for Panchayat Raj
  • Financial aide for martyred soldiers’ families
  • Special funds for welfare of Soldiers
  • Surpless funds for 2-BHK scheme
  • Rs 350 crore allocated for modernisation of Musi river
  • Rs. 5033 crore allocated to construction and development of roads and buildings
  • Law and Order gets Rs 4,828 crore
  • Rs 100 crore allocation for Brahmin community welfare
  • Rs. 5599 crore allocated for Urban Development
  • Rs 300 crore allocated for Greater Warangal development
  • Rs 1,000 crore allocated for GHMC development
  • Rs 605 crore for KCR kit containing 16 items for new mothers
  • Financial help for caste-based vocations
  • 84 lakh heads of sheep to be provided to sheep-rearers
  • Rs. 4203 crore allocated for electricity
  • Kalyana Laxmi, Shaadi Mubarak beneficiaries to get Rs 75,116 in place of Rs 50,000
  • Rs. 198 crore allocated for tourism
  • Rs. 985 crore allocated for Industries
  • Rs.252 crore allocated for IT
  • Rs. 5070 crore allocated for BC Welfare
  • Rs. 5330 crore allocated for Aasara pension
  • Fine rice will be provided at Anganwadis
  • Financial aid of Rs. 12,000 to be given for pregnant women
  • 75 per cent subsidy for sheep-rearing
  • Revenue surplus of Rs 45.071 crore in TS budget
  • Rs 1249 crore for minorities welfare
  • Two digit growth registered in TS despite demonetization: Rajender
  • Rs. 1200 crore allotted for handloom weavers
  • Rs. 50 crore allocated for Haritha Haram programme
  • Rs. 30 crore allocated for the welfare of Journalists
  • Rs. 1731 crore allocated for Women and Child Welfare
  • 330 go-downs have been constructed
  • Rs. 3000 crores allocated towards Mission Kakatiya
  • Several lakes have been developed under Mission Kakatiya, pisciculture has been given importance.
  • 7 irrigation projects have been completed and 14 projects now under way
  • Bhakta Ramadas irrigation project has been completed in record 11 months
  • First priority will be given to agriculture sector
  • Mission Kakatiya and Mission Bhagiratha are running smoothly, says Etela

“JAI HIND! JAI TELANGANA!,” says Finance Minister Etela Rajender and concludes the Telangana Budget-17 presentation.

ind gog

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