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Telangana financially on a firm footing

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3 years ago

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Despite the dent in revenues during the last two years due to Covid pandemic and lack of help from the Centre, Telangana financially appears to be on a firm footing.

With a higher growth rate and per capita income than many bigger states, India’s youngest state has become the fourth largest contributor to national GDP in a short span of less than eight years and claims to be a model for the entire country in welfare and development.

According to 2020-21 budget estimates, Telangana’s estimated outstanding public debt will be over Rs 2.86 lakh crore. However, the economists say the state has the capacity to manage debts.

According to a study paper released by the Reserve Bank of India (RBI) last month, Telangana’s debt-to-GSDP ratio is the lowest in the country, indicating the fiscal health of the state.

Based on the annual data between 2014-15 and 2018-19, the study paper revealed that the State Performance Composite Index (SPCI) of Telangana has improved. SPCI measures both the fiscal performance and market development of states.

The average debt to Gross State Domestic Product (GSDP) of Telangana from 2014-15 to 2018-19 was 16.1 per cent, which is the lowest among the states in the country.

According to state finance minister T. Harish Rao, Telangana is among the states having the lowest debt burden in the country, dismissing the claim by the opposition parties that the Telangana Rashtra Samithi (TRS) government has pushed the state into a debt trap.

Harish Rao had told the state Assembly last year that Telangana’s debt burden is only 22.8 per cent of GSDP, which is well within the permissible limits under the FRBM Act. Telangana was then at the third place from the bottom in the country.

“The Centre’s debt burden is 62.2 per cent of GDP while Telangana’s debt burden is just 22.8 per cent of GSDP,” he had stated.

The RBI also revealed recently that Telangana is the fourth largest contributor to the country’s economy. According to “Handbook of Statistics on the Indian Economy 2020-21” the Net State Value Added (NSVA) by Telangana at current prices to the country increased from Rs 4,16,930 crore in 2014-15 to Rs 8,10,503 crore in 2020-21.

Leaders of ruling TRS say this contribution is significant considering the fact that Telangana is the 11th largest state in terms of geographical area and 12th in terms of population.

According to Telangana State Statistical Abstract Report released this week, provisional estimates show the GSDP of Telangana at current prices in 2020-21 was Rs 9,80,407 crore. Between 2012-13 and 2020-21, the average annual GSDP growth of Telangana was 6.8 per cent and GDP of India was 5.1 per cent.

For 2021-22, the state presented a Rs 2.31 lakh crore budget despite the pandemic drastically impacting the state’s economy. For 2020-21 the budget size was Rs 1.82 lakh crore.

The budget for FY22 comprised revenue expenditure of Rs 1.69-lakh crore and capital expenditure of Rs 29,046 crore. The fiscal deficit went up to Rs 45,509 crore from Rs 33,191 crore in the previous financial year.

Telangana’s growth rate has been consistently higher. In 2018-19 it was 9.8 per cent against GDP growth rate of 6.5 per cent. The growth rate was 6 per cent in 2019-20 against GDP growth rate of 4 per cent. In 2020-21, it was -0.6 per cent against All India -7.3 per cent.

In another key performance indicator, the per capita income of Telangana increased from Rs 91,121 in 2011-12 to Rs 2,37,632 in 2020-21. This is against all India averages ranging from Rs 63,462 in 2011-12 to Rs 1,28,829 in 2020-21.

In another boost for Telangana, the latest data by the Centre for Monitoring Indian Economy revealed that the state has lowest unemployment at 0.7 per cent.

Economist Papa Rao believes that Telangana has no financial worries as it is performing well despite not receiving the support from the Centre. “Some debts were unduly raised but the state has the capacity to manage them. It can generate its own resources,” he said while pointing out that the state’s tax revenues have gone up during the current year. He, however, said the state should be cautious in raising new loans.

According to him, Telangana in a short span of time has emerged as a progressive state with Hyderabad as the growth engine attracting massive investments. The state created assets in the form of irrigation projects and Mission Bhagiratha which envisages drinking water supply to every house.

He, however, believes that Dalit Bandhu scheme launched by TRS government recently is not viable. Under the scheme claimed to be the only one of its kind in the country, the government plans to provide Rs 10 lakh grant to every Dalit family.

“There are 50 lakh Dalit families. Mobilizing such huge funds is very difficult. This may take many years and may not yield desired results,” Papa Rao said.

Pointing out that an overwhelming majority of Dalits are agriculture labourers, the economist said distribution of land rather than cash would have been more practical.

The state claims to be number one in welfare in the country with a welfare budget of over Rs 40,000 crore. It is implementing a plethora of welfare schemes from social security pensions to various categories to financial help for marriages of poor girls to Rythu Bandhu under which every farmer gets Rs 10,000 as annual investment support for every acre.

However, opposition Congress party leader Dasoju Srravan says that welfare programs should ultimately empower people. “Farmers’ suicides have not stopped despite Rythu Bandhu. During the last 4-5 years 8,000 farmers have ended their lives. Farmers do not want Bandhus, they want MSP for the hard work they put in and market support for agricultural produce,” he said.

The national spokesperson of the Congress party believes that the TRS government is focusing more on voter alluring programs but not voter empowerment programs. “As a result the state has landed into a serious debt trap and today we are a financially bankrupt state. We don’t have money for salaries and we don’t have money for repayment to contractors.”

He blamed lopsided priorities of the government, mismanagement, callous understanding of development for this situation. “On top of it is mysterious corruption in projects. TRS leadership has become extremely rich overnight,” he said.

The Congress leader alleged that the state government is making people addicted to liquor by opening more and more wine and bar shops across the state. “It is giving pensions and some money under Rythu Bandhu but draining their resources through sales tax on liquor. See how liquor revenue has increased in these 7-8 years,” he said.

The revenue from liquor sales, which was Rs 10,833 crore, has gone up to Rs 27,888 crore in 2020-21.

He alleged that the TRS government completely ignored sectors like education, health and employment generation

“The chief minister proudly says a private villa in Hyderabad costs Rs 25 crore and still people are coming and buying. Is that a development indicator? It is a third-rate governance indicator. In management we call it critical incident analysis while analyzing performance. The CM made critical comments reflecting his innate mindset and how he sees development,” Srravan said.

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National News

India is eternally grateful to armed forces: PM Modi visits Adampur Airbase after ‘Operation Sindoor’

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13 hours ago

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May 13, 2025

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New Delhi, May 13: Prime Minister Narendra Modi on Tuesday morning visited the Adampur Airbase in Punjab to meet Indian Air Force personnel and express the nation’s gratitude for their courage and fearlessness in defending the country.

His visit comes just days after India and Pakistan agreed to a ceasefire following the successful execution of ‘Operation Sindoor’, a major anti-terror operation conducted by Indian forces targeting high-value terror hubs in Pakistan and Pakistan-occupied-Kashmir (PoK).

At the base, the Prime Minister interacted with the soldiers, praising their bravery and valour.

Soldiers present at the interaction described the visit as a morale booster, noting how the Prime Minister’s presence uplifted the spirit of the troops, according to sources.

The soldiers were seen smiling in their combat uniforms, a symbol of their constant readiness.

Sharing his experience on X, PM Modi wrote, “Earlier this morning, I went to AFS Adampur and met our brave air warriors and soldiers. It was a very special experience to be with those who epitomise courage, determination and fearlessness. India is eternally grateful to our armed forces for everything they do for our nation.”

Adampur Airbase was among the targets of Pakistan’s retaliatory attempt during the night of May 9 and 10, following India’s strike on terrorist infrastructure across the border.

Pakistani drones and missiles were intercepted and neutralised by India’s air defence systems, showcasing the preparedness and effectiveness of the Indian armed forces.

The visit also coincided with PM Modi’s recent address to the nation where he commended the armed forces for the execution of ‘Operation Sindoor’, stating that it had achieved its objectives with precision and resolve.

“I salute the armed forces, Intelligence agencies and scientists for their grit that helped ‘Operation Sindoor’ achieve its objective,” the Prime Minister said.

Reaffirming India’s new doctrine in its fight against terrorism, PM Modi had said that ‘Operation Sindoor’ was dedicated to the nation’s collective spirit, particularly to the women of India, whose safety and honour were at the heart of the mission.

He underlined that the operation had sent a clear message to terrorist organisations and their backers — that any attack on India or its citizens would be met with decisive and powerful retribution.

“The world has seen India’s capability and it is clear terrorists will no longer be spared,” he asserted.

The Prime Minister stressed that ‘Operation Sindoor’ marked a new and unwavering chapter in India’s counter-terrorism strategy — one that is relentless, precise, and uncompromising.

He emphasised that India’s military carried out highly targeted strikes on terrorist hideouts in Pakistan, reinforcing the country’s resolve to safeguard its citizens and national values.

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Crime

15 labourers die after consuming spurious liquor in Amritsar

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14 hours ago

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May 13, 2025

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Chandigarh, May 13: At least 15 men have died after allegedly consuming spurious liquor in four villages of the Majitha area in Amritsar district, officials said on Tuesday.

The deceased, mostly labourers working in brick kilns, include residents of Bhangali, Marari Kalan Therwal and Patalpuri villages.

Superintendent of Police (Amritsar Rural), Maninder Singh said the main accused Prabhjit Singh has been arrested and he turned out to be the mastermind behind supplying the spurious liquor.

A First Information Report (FIR) was on Tuesday registered under Section 105 of the BNS and 61-A of the Excise Act.

The others arrested were Kulbir Singh, alias Jaggu, a brother of the main accused Prabhjit Singh, Sahib Singh, alias Sarai, Gurjant Singh and Ninder Kaur, wife of Jeeta.

The Investigation Police Officer told the media that preliminary investigation indicated that “all took liquor from a single source on Sunday evening. Some of them died on Monday and locals cremated them without informing the police. We received information about the deaths due to liquor late in the evening (Monday) and initiated an investigation.”

A spokesperson for the government said an investigation of the entire spurious liquor network is on.

In March 2024, as many as 24 people had died in Sangrur due to spurious liquor. Earlier in 2020, more than 100 people died across Punjab in one of the deadliest illicit liquor tragedies.

As the war against drugs ‘Yudh Nashian Virudh’ to eradicate the drug menace from the state completed 72 days on Monday, Punjab Police registered 6,280 FIRs and arrested 10,444 drug smugglers.

Notably, Chief Minister Bhagwant Singh Mann had asked the Commissioners of Police, Deputy Commissioners and Senior Superintendent of Police to make Punjab a drug free state.

Since the launch of the ‘Yudh Nashian Virudh’ campaign, Punjab Police under the directions of Director General of Police (DGP) Gaurav Yadav has been conducting different operations including cordon and search operations, night domination and raids at drug hotspots across the state.

Special Director General of Police (Special DGP) Law and Order, Arpit Shukla, who has been monitoring these operations, on Monday said that police teams have recovered 398 kg heroin, 186 kg opium, 117 quintals poppy husk, 8 kg charas, 135 kg ganja, 2.5 kg ICE, 1.2 kg cocaine, 23.57 lakh intoxicant pills/tablets and Rs 8.58 crore drug money from their possession.

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National News

India to brief foreign Defence Attaches on ‘Operation Sindoor’ today

Published

16 hours ago

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May 13, 2025

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New Delhi, May 13: India will brief Defence Attaches (DAs) from various countries based in New Delhi on Tuesday at 3:30 p.m., providing them with technical details of ‘Operation Sindoor’, the country’s recent anti-terror military offensive.

The Indian armed forces are set to share critical insights and operational data, including the performance of the indigenous air defence systems and outcomes of the strike missions carried out between May 7 and May 10.

Sources confirmed that the session will cover a wide array of developments, including the destruction of Chinese and Turkish-made drones and PL-15 missiles by India’s air defence forces, preventing any breach into Indian airspace.

The move comes a day after Director General of Military Operations (DGMO) Lt Gen Rajiv Ghai addressed the media, stating that the budgetary and policy support received by the armed forces over the past decade enabled the creation of a robust multi-layered air defence grid.

He said the system proved to be a decisive shield during Pakistan’s retaliatory aerial attacks on May 9 and 10. “Our battle-proven systems performed exceptionally, and the indigenous Akash missile system played a critical role,” Lt Gen Ghai noted.

The briefing to the Defence Attaches will also include details of a hotline conversation that took place on Monday evening around 5 p.m. between the Indian and Pakistani DGMOs.

Lt Gen Ghai and his Pakistani counterpart, Maj Gen Kashif Abdullah, reportedly discussed methods to restore calm along the Line of Control and reiterated commitments to the ceasefire understanding reached after the Indian operation halted at Pakistan’s request on May 10.

Official sources said that Pakistan conveyed it would not escalate the conflict and expressed willingness to adhere to the ceasefire agreement. The hotline exchange between the two military leaders also included discussions on maintaining restraint and monitoring the situation moving forward.

Meanwhile, Prime Minister Narendra Modi on Monday addressed the nation for the first time following the understanding that ended the intense military exchanges.

He reiterated India’s hardline stance against Pakistan, stating unequivocally that New Delhi will not hold any dialogue with Islamabad except on issues related to terrorism and Pakistan-occupied-Kashmir (PoK).

“The Kashmir issue cannot be viewed in isolation from Pakistan’s continuous export of terrorism,” the Prime Minister said.

He strongly criticised Pakistan’s military and government for protecting and promoting terror outfits, warning that such support could bring about their eventual downfall.

PM Modi’s remarks also come amid reports that Pakistan attached certain conditions to the ceasefire, including a proposal to revive the Indus Waters Treaty, which India had suspended as a non-military strategic pressure tactic.

However, India has maintained that talks, if any, will remain confined strictly to terrorism and PoK.

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