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KCR flies to Delhi with wish list
He would also seek release of money due to the State under devolution of central funds and permission to postpone monthly payments towards loans taken from the Centre.
Hyderabad: Telangana Chief Minister K Chandrashekar Rao would submit to Prime Minister Narendra Modi on Saturday a report on the negative impact of demonetisation of Rs 1000 and Rs 500 notes on State finances.
He would also seek release of money due to the State under devolution of central funds and permission to postpone monthly payments towards loans taken from the Centre.
Highly placed sources told The Hans India that KCR would explain to the Prime Minister in detail the impact of scrapping the high value currency notes on State revenues and trade in the State since November 8.
The Chief Minister would highlight how the demonetisation had affected growth in the State and the cascading effects it was having on the State’s developmental programmes, particularly irrigation projects, roads and other infrastructure schemes.
As the State’s revenues had dipped to an all-time low, KCR would seek financial relief from the Centre, which includes permission to postpone monthly payments towards loans taken from the Centre and the disbursement of 14th Finance Commission funds immediately.
Officials said that the State was to get nearly Rs 700 crore as its tax share from the Centre and this amount had been pending for the last two months. Despite repeated appeals, the Union government had not taken any action in this regard, the source said. The Chief Minister would also request Modi to modify the repayment schedule for loans taken from the Centre. The State has to clear nearly Rs 500 crore this year.
KCR would also draw the attention of the Centre towards pending proposals to launch housing schemes jointly by the State and Union government in the urban areas and will request the Centre to sanction funds for the ambitious projects like Mission Kakatiya and Mission Bhageeratha. KCR would also meet Union Finance Minister Arun Jaitely and other Union Ministers during his stay in New Delhi.
Hyderabad: Telangana Chief Minister K Chandrashekar Rao would submit to Prime Minister Narendra Modi on Saturday a report on the negative impact of demonetisation of Rs 1000 and Rs 500 notes on State finances.
He would also seek release of money due to the State under devolution of central funds and permission to postpone monthly payments towards loans taken from the Centre.
Highly placed sources told The Hans India that KCR would explain to the Prime Minister in detail the impact of scrapping the high value currency notes on State revenues and trade in the State since November 8.
The Chief Minister would highlight how the demonetisation had affected growth in the State and the cascading effects it was having on the State’s developmental programmes, particularly irrigation projects, roads and other infrastructure schemes.
As the State’s revenues had dipped to an all-time low, KCR would seek financial relief from the Centre, which includes permission to postpone monthly payments towards loans taken from the Centre and the disbursement of 14th Finance Commission funds immediately.
Officials said that the State was to get nearly Rs 700 crore as its tax share from the Centre and this amount had been pending for the last two months. Despite repeated appeals, the Union government had not taken any action in this regard, the source said. The Chief Minister would also request Modi to modify the repayment schedule for loans taken from the Centre. The State has to clear nearly Rs 500 crore this year.
KCR would also draw the attention of the Centre towards pending proposals to launch housing schemes jointly by the State and Union government in the urban areas and will request the Centre to sanction funds for the ambitious projects like Mission Kakatiya and Mission Bhageeratha. KCR would also meet Union Finance Minister Arun Jaitely and other Union Ministers during his stay in New Delhi.
