HYDERABAD: TRS chief K Chandrasekhar Rao, who is about to begin his second innings as Chief Minister of Telangana, on Thursday listed out his incoming government’s priorities.
Rao said that his government would work on providing unemployment allowance to around 10 lakh youths in the State in the 2019-20 financial year. He also declared that Kaleshwaram and Sitarama irrigation projects would be completed within a year and a half. He reiterated his earlier promise of filling up vacancies in the government sector.
The TRS chief is confident of getting enough financial resources to implement his promises. “In my next five years, the State’s receipts will be around Rs 10 lakh crore. Out of this, the government has to spend Rs 2.4 lakh crore on repaying debts. We will then become eligible to borrow an extra Rs 1.3 lakh crore,” he elucidated.
Continuing his explanation about the State’s borrowing capacity, Rao claimed that top officials of Rural Electrification Corporation (REC) had recently called him up and offered the government a loan of Rs 16,000 cr for the power sector.
For now, Rao’s most pressing responsibility will be to campaign for the overdue Panchayat Raj elections. After that he will have to concentrate on the Parliament elections