At the time when the Telangana wing of Bharatiya Janata Party(BJP) and Telangana Rashtra Samithi(TRS) were locking horns with each other on various issues, the issue of the Telangana debts came up in Lok Sabha after an MP from Telangana asked about the same in the house. To the question, the Union Government gave a reply.
Congress MP(Malkajgiri), Telangana Pradesh Congress Committee Chief Revanth Reddy asked the Centre on the debts of the state in Lok Sabha the other day. Union Minister of State for Finance Pankaj Chaudhary gave the details on the question asked by Revanth Reddy in the house.
As a response to Revanth Reddy's question, the Finance Ministry said, as of November 30, the debts of the Telangana government rose to Rs 2,37,747 crores. The Minister announced the same in a written reply to the Telangana Congress chiefâs question.
Revealing more details, the Union Cabinet Minister said that no Foreign financial institutions have given debts to the Telangana government in the past five years. The Union Minister also gave details on the funds released by the Centre towards the state as additional help for Telangana.
Presenting the data on the yearly funds released by the Union government, the Union Minister said, between 2016-17 to 2020-21 the Centre released Rs 2,233.62 crores. Under the additional help, the Centre granted Rs 956.12 crores(2016-17), Rs 636.68 Crores(2017-18), Rs 433.36 crores(2018-19), Rs 207.46 crores(2019-20), the Union Minister said.
Adding further, the Union Minister said, the Telangana government had paid Rs 529.75 crore as interest towards the funds it borrowed from the foreign institutions. For two more years and the current year, the Telangana government should pay a sum of Rs 529.24 crores as principal amount and interests, he said.
The total debts faced by the Telangana government that amounts to Rs 2,37,747 crore include the Indigenous debts of Rs 2,34,912 crore and the foreign debts of Rs 2,835 crores.
These details were given by the Union Minister of State for Finance Pankaj Chaudhary when Telangana Congress MP Revanth Reddy sought details about the debts attracted by the Telangana government from bodies like the Reserve Bank of India, Refinancing institutions, and foreign financial institutions.
Congress MP(Malkajgiri), Telangana Pradesh Congress Committee Chief Revanth Reddy asked the Centre on the debts of the state in Lok Sabha the other day. Union Minister of State for Finance Pankaj Chaudhary gave the details on the question asked by Revanth Reddy in the house.
As a response to Revanth Reddy's question, the Finance Ministry said, as of November 30, the debts of the Telangana government rose to Rs 2,37,747 crores. The Minister announced the same in a written reply to the Telangana Congress chiefâs question.
Revealing more details, the Union Cabinet Minister said that no Foreign financial institutions have given debts to the Telangana government in the past five years. The Union Minister also gave details on the funds released by the Centre towards the state as additional help for Telangana.
Presenting the data on the yearly funds released by the Union government, the Union Minister said, between 2016-17 to 2020-21 the Centre released Rs 2,233.62 crores. Under the additional help, the Centre granted Rs 956.12 crores(2016-17), Rs 636.68 Crores(2017-18), Rs 433.36 crores(2018-19), Rs 207.46 crores(2019-20), the Union Minister said.
Adding further, the Union Minister said, the Telangana government had paid Rs 529.75 crore as interest towards the funds it borrowed from the foreign institutions. For two more years and the current year, the Telangana government should pay a sum of Rs 529.24 crores as principal amount and interests, he said.
The total debts faced by the Telangana government that amounts to Rs 2,37,747 crore include the Indigenous debts of Rs 2,34,912 crore and the foreign debts of Rs 2,835 crores.
These details were given by the Union Minister of State for Finance Pankaj Chaudhary when Telangana Congress MP Revanth Reddy sought details about the debts attracted by the Telangana government from bodies like the Reserve Bank of India, Refinancing institutions, and foreign financial institutions.