Telangana CM K Chandrashekar Rao Writes to FM Nirmala Sitharaman on Funds, Says State Has Received Less and Balance is Due
CM K Chandrashekhar Rao said in his letter that the tax devolution in Telangana is Rs 19,719 crore, which is 6.2 per cent more than last year. KCR, as the chief minister is popularly known, said that the 'state has received only Rs 10,304 crore till November, which is less by Rs 224 crore compared to last year.'
New Delhi, December 7: Telangana Chief Minister K Chandrashekar Rao wrote to Finance Minister Nirmala Sitharaman on Saturday stating that Telangana has received less funds from the centre. CM Rao said in his letter that the tax devolution in Telangana is Rs 19,719 crore, which is 6.2 per cent more than last year. KCR, as the chief minister is popularly known, said that the "state has received only Rs 10,304 crore till November, which is less by Rs 224 crore compared to last year."
The letter further states that "Instead of receiving an enhanced amount, Telangana has received less. Also, Rs 1,719 crore is due as GST compensation. We have received compensation for only first four month of current financial year, balance is due."
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Chief Minister KCR also held a review meeting on the state of economy in the state on Saturday. K Chandrashekar Rao's claims on receiving higher share in GST is bound to increase the burden on the Centre. It is also seen as KCR's attempt at trying to project himself as a man on mission to take Telangana's economy ahead as the recent strike by TSRTC and the Hyderabad veterinary rape and murder case raised questions regarding civic issues.
(The above story first appeared on LatestLY on Dec 07, 2019 09:39 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).