National News
Telangana financially on a firm footing
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.
National News
Vijay slams DMK govt, pledges support to farmers protesting airport project
Chennai, Jan 20: Tamil superstar and founder-president of the Tamilaga Vettri Kazhagam (TVK), Vijay, has pledged his support to farmers protesting against the proposed Parandur greenfield airport project.
Addressing the protesting villagers, Vijay criticised the ruling DMK government for its decision to implement the project, vowing to stand by the farmers until the end.
Vijay, who has transitioned from cinema to politics, emphasised the importance of farmers to the country, stating that his involvement in this agitation marks the beginning of his “field politics.”
Clarifying that he is not against development or the construction of a new airport, he strongly opposed the project’s location on fertile farmland. The TVK leader questioned the DMK government’s contradictory stance on developmental projects.
Referring to the party’s opposition to the Tungsten project in the past, Vijay asked why it now supports the Parandur airport project.
Without directly naming the DMK, he criticised its leadership for opposing projects like the eight-lane expressway while in opposition and questioned its decision to disregard farmers’ concerns after coming to power.
Vijay accused the DMK government of being “anti-people” for pursuing the airport project, which he claimed would destroy 90 per cent of the farmlands and water bodies in the proposed area.
He further alleged that the ruling dispensation had a vested interest in the project, hinting at potential personal gains.
The Tamil Nadu Congress Committee president, K. Selvaperunthugai, dismissed Vijay’s visit to Parandur, claiming it would not have any significant impact. During Vijay’s visit, several farmers and children awaited his arrival, holding bunches of paddy crops as a symbol of their protest. One of the farmers presented a bundle of paddy to Vijay after his speech.
Social activists have raised concerns about the environmental impact of the Parandur airport project. They warned that more than 13 water resources could be affected if the land is acquired for the project, which is intended to serve as Chennai’s second airport.
The Parandur airport project, estimated to cost Rs 32,704 crore, requires 2,171 hectares of land. This includes 1,386.43 hectares of agricultural land, 577 hectares of water bodies, and 173 hectares of government land (poromboke).
National News
If factionalism does not end, we will be finished, says MP Congress chief
Bhopal, Jan 20: Amid concerns that the ongoing factionalism in the party may have an impact on the January 27 grand programme of the Congress in Mhow, Madhya Pradesh Congress president Jitu Patwari has urged workers to strengthen the party in the state and not to get involved in “groupism”.
Addressing the party workers in view of the upcoming ‘Jai Bapu, Jai Bhim and Jai Samvidhan’ campaign to be launched from Mhow, Patwari said on Sunday that if groupism did not end, the party would lose its existence in Madhya Pradesh.
Patwari asserted that party leaders should stay away from ‘sycophants’.
He said, “Sycophants are present in every political party. We need to stay away from them. We have to end the groupism in the party, otherwise, we will be finished,” Patwari was heard saying in a video that surfaced on social media on Monday.
Patwari’s statement comes after growing concerns over the existing factionalism in the state unit of the party.
Recently, a group of senior Congress leaders, including former Chief Minister Kamal Nath had alleged that state leadership wasn’t consulting them for the decision taken for the party’s programmes. However, he later denied media reports.
Another party veteran and former CM Digvijaya Singh on Saturday refuted speculations that state Congress president Jitu Patwari was uncomfortable with senior members of the party. Responding to the media persons, Digvijaya Singh stated that he has fine coordination with Jitu Patwari.
Meanwhile, the ruling BJP took a jibe at Congress, saying ever since Jitu Patwari became chief of MP Congress, the factionalism has escalated more.
“Who doesn’t know that ever since Jitu Patwari took over the charge, factionalism has been at its peak in Madhya Pradesh Congress. Factionalism is very much there in the party,” said MP BJP media in charge Ashish Agarwal.
In view of Mhow programme, Jitu Patwari has been visiting the Malwa-Nimar region aggressively to encourage Congress workers to create momentum in favour of the party. Rahul Gandhi and Congress president Mallikarjun Kharge will launch the Samvidhan campaign from Mhow on January 27.
Crime
RG Kar verdict: Life imprisonment for Sanjay Roy; not rarest of rare crimes, says court
Kolkata, Jan 20: A special court in Kolkata, on Monday, sentenced Sanjay Roy, the sole accused in the case of ghastly rape and murder of a woman doctor of state-run R.G. Kar Medical College and Hospital, to life imprisonment.
While pronouncing the quantum of sentence, the judge of the special court, Anirban Das, also made it clear that the Central Bureau of Investigation (CBI)’s contention that Roy’s offence in the matter was “the rarest and rare crimes” was not tenable.
Hence, the judge observed that instead of the “death penalty”, Roy, an erstwhile civic volunteer attached to Kolkata Police, be sentenced to “life imprisonment”.
Apart from that a financial penalty of Rs 50,000 has also been imposed on Roy.
The judge of the special court, at the same time, directed the West Bengal government to pay a compensation of Rs 17 lakh to the family of the victim.
The judge observed that the since the victim was raped and murdered at her workplace, which is a state-government entity, legally the state government has to pay compensation to the victim’s family.
The detailed order copy will be uploaded soon following which the other details of the order of the special court will be available.
On January 18, Roy was convicted under Section 64 (punishment for rape), Section 66 (punishment for causing death or resulting in a persistent vegetative state of a victim) and Section 103(I) (punishment for murder) of the Bharatiya Nyaya Sanhita (BNS).
On the compensation issue, the victim’s parents argued that they have never sought money as compensation for the ghastly end of their daughter.
The judge explained to them that while he was aware that they had not sought compensation, as per legal provisions he had ordered the state government to pay the compensation.
“Now how you will utilize the money is entirely up to you,” the judge of the special court said.
The body of the victim doctor was recovered from the seminar hall within R.G. Kar premises on the morning of August 9 last year. The initial investigation into the matter was started by a special investigation team of Kolkata Police, who arrested Roy. However, the CBI started an investigation five days from the date of the crime following an order of the Calcutta High Court and thereafter Roy was handed over to the central agency officials by the city police.
The trial process in the matter started on November 11 last year, 59 days after the body of the victim was discovered in the seminar hall within the R.G. Kar premises.
The conviction process was completed on January 18. The sentence was pronounced at 2.45 p.m. on Monday exactly 164 days from the date of crime.
While the conviction in the crime of “rape and murder crime” is over, the angle in the tampering of evidence in the matter is still alive. The CBI, sources said, had already informed the special court that the scope for filing a supplementary charge sheet on the “tampering of evidence” angle is still open, which keeps the case open.
Last year the former and controversial principal of R.G. Kar Sandip Ghosh and the former SHO of Tala Police Station Abhijit Mondal were granted “default bail” by the same special court, as CBI failed to file the supplementary charge sheet against the duo within 90 days of their arrest.
Both Ghosh and Mondal were accused of misleading the investigation and tampering with the evidence while the initial investigation in the matter was being carried out by Kolkata Police before the CBI took charge of the investigation following an order of the Calcutta High Court.
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