KCR to Announce Rs.5,000 Crore for Development Works

The CM will launch the Budget exercise after the GHMC polls and conduct review of two departments every day.

Published: 29th January 2016 09:32 PM  |   Last Updated: 30th January 2016 04:49 AM   |  A+A-


HYDERABAD: Telangana Chief Minister K Chandrasekhar Rao will have a special fund of Rs 5,000 crore with him to announce immediate and important development works from the 2016-17 Budget. The Budget session of the State Legislative Assembly will commence on February 29.

In an informal chat with journalists at his camp office on Friday, KCR said whenever the Chief Minister decides to announce any new scheme or launch a new programme it became difficult to release funds immediately, as these proposals have to be sent to the Finance and other departments.

Likewise, each Minister will have special fund of Rs 25 crore and each district will have funds of Rs 5 crore at their disposal every year.

The CM will launch the Budget exercise after the GHMC polls and conduct review of two departments every day.

The CM informed Chief Secretary Rajiv Sharma over phone that the Budget session will commence on February 29, after the Sammakka-Sarakka jatara.

KCR told journalists that the state government's income would cross around Rs 1.15 lakh crore and the growth rate of tax revenue was pegged at 15 per cent.

The CM also announced that the unnecessary schemes out of total 871 schemes in the state would be cut down drastically. There were schemes even with a small amount of Rs 5 lakh in agriculture department. All these schemes should be clubbed or should be removed, he said.

Also Read: BJP Warns of Tax Increase as Predicted by KCR

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