Live
- BJP releases ‘charge sheet’ against BJD govt
- District Nodal Officer Venkataramana announced the intermediate results
- She team that stopped child marriages
- Medical devices sector needs separate rules, says industry body AiMeD
- Andhra Paper declares lockout
- Opposition INDIA bloc working on 'one year, one PM' formula: PM Modi
- Delhi HC quashes FIR for outraging woman's modesty, orders man to assist Traffic Police for a month as settlement
- 'Apologise to families of farmers who committed suicide in Vidarbha', Amit Shah dares Sharad Pawar
- SC Collegium recommends appointment of a permanent judge in Chhattisgarh HC, extension of term of two judges
- U20 Men's football nationals: Telangana, Sikkim earn full points with easy win
Telangana's full-fledged budget will be introduced shortly: CM KCR
Chief Minister K. Chandrashekhar Rao has instructed the officials concerned to prepare the State’s Annual Budget at the backdrop of economic recession prevailing and its deep influence in all the sectors in the country as well as the realistic view at the ground level.
Hyderabad: Chief Minister K. Chandrashekhar Rao has instructed the officials concerned to prepare the State's Annual Budget at the backdrop of economic recession prevailing and its deep influence in all the sectors in the country as well as the realistic view at the ground level.
The Chief Minister announced that since Vote-on-Account Budget was presented last March, a full-fledged Budget would be introduced shortly in the State Legislative Assembly for the financial year 2019-20.
KCR held a meeting at Pragathi Bhavan here on Monday with the officials on the formation of the Budget. State Planning Board Vice Chairman B Vinod Kumar, Government's Chief Advisor Sri Rajiv Sharma, Principal Secretary S Narsing Rao, Principal Secretary (Finance) Sri Ramakrishna Rao, and other senior officials from the finance department participated.
"There is a severe economic recession that is prevailing all over the country. The recession has its effect on all the sectors. Incomes have come down considerably. Revenue of all the states has also come down. In this backdrop, in the Telangana state, Budget should be planned to keep in view the balance between the revenue and expenditure needs. The budget should be made based on a realistic view. While giving top priority to the people's Welfare and agriculture sectors, all other sectors should also be made the necessary allocations," the CM said.
The exercise on the Budget formation will also take place on Tuesday. The CM said after the final draft, the Budget will be passed by the State Cabinet and it would be introduced in the Legislature. The Assembly would be convened to pass the Budget and to transact other business.
