Harish rubbishes Kishan s claims on state finances
The state is the sixth highest contributor to the GDP and even during the Covid pandemic it registered a positive growth rate of 24 per cent against a three per cent negative growth rate of the countrys GDPStates own tax revenues witnessed a 90 per cent increase in the last seven years and touched Rs 66648 crore from Rs 35146 crore in the 2014 fiscalIn an unprecedented manner KCR showed the world how a fine balance could be achieved between welfare and developmentThe TRS government got a resolution passed in the Assembly opposing the energy and farm laws which proved detrimental to farmersThere is every possibility of the Centre forcing withdrawal of subsidies to farm power under the guise of energy audit he said
HYDERABAD Finance minister T Harish Rao on Monday criticised the Narendra Modi-led Centre for the national economy taking a nosedive and faring badly even when compared with countries like BangladeshSpeaking to media persons here the minister providing hard facts and figures majority of which have been furnished by the Centre itself also showcased the seven-year-old Telanganas rapid stride in economic growth as reflected in buoyancy in all core parameters of gross state domestic product GDP per capita income and states own tax revenuesThe GDP of Telangana almost doubled from Rs 505 lakh crore when it was carved out in 2014-2015 to Rs 98 lakh crore against the countrys 58 per cent growth in GDP for the corresponding period The state is the sixth highest contributor to the GDP and even during the Covid pandemic it registered a positive growth rate of 24 per cent against a three per cent negative growth rate of the countrys GDPTelangana topped among the southern states in achieving the highest per capita annual average growth rate of 117 per cent and made its way to the third position in the list of highest per-capita states from the 10th positionStates own tax revenues witnessed a 90 per cent increase in the last seven years and touched Rs 66648 crore from Rs 35146 crore in the 2014 fiscal Maintaining that the allegations of state plunging into a debt trap were uncalled for the minister asserted that the states borrowing was always well within the FRBM level of 25 per cent of the GSDP in contrast to several advanced statesHe was reacting sharply to Union tourism minister G Kishan Reddys allegation that Telangana state was on the brink of bankruptcy due to financial mismanagement of Chief Minister K Chandrashekar Rao In an unprecedented manner KCR showed the world how a fine balance could be achieved between welfare and development On the other hand all that the Modi government has achieved so far is spiralling oil prices cut in gas subsidies and disinvesting the public sector undertakings he said in a sarcastic toneHarish Rao also apprehended that the Centre would force the states to do away with the subsidy to the farm sector just as happened in the case of gas subsidy The TRS government got a resolution passed in the Assembly opposing the energy and farm laws which proved detrimental to farmers There is every possibility of the Centre forcing withdrawal of subsidies to farm power under the guise of energy audit he said
