No new taxes in Telangana's first surplus Budget

State movement martyrs get relief

No new taxes in Telangana's first surplus Budget

Telangana Finance Minister Eatela Rajender on Wednesday presented the state’s maiden budget with a proposed expenditure of Rs 1,00,637 crore with a surplus of Rs 301 crore.

The non-Plan expenditure is pegged at Rs 51,989 crore and Plan expenditure at Rs 48,648 crore. The fiscal deficit is Rs 17,399 crore.

Fulfilling the election time promise to provide succor to the people who laid down their lives for the formation of separate state, the finance minister allocated Rs 100 crore financial assistance to their families.

Families of 459 martyrs will get an assistance of Rs 10 lakh each.The budget session will continue till November 23, the Business Advisory Committee of the Assembly said. “The session could be extended if need arises and decided to work during weekends and even on evenings,” Irrigation Minister T Harish Rao said.

The Assembly has witnessed a stronger Telangana Rashtra Samiti (TRS) on Wednesday with its members increasing to 72 from 63 in the House of 119 after the 2014 general elections due to defections from the Bahujan Samaj Party, Congress and the Telugu Desam Party.

The strength of the TRS in the Legislative Council, too, has increased with the breakaway faction of the TDP announcing its merger with the ruling party.

Commenting on the budget, Chief Minister K Chandrasekhar Rao said that the finance minister has done a good job in incorporating the promises made in the TRS manifesto particularly the Kalyana Laksmi scheme for the girl child, drinking water grid and development of roads and infrastructure.

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