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Telangana Budget 2014 – 15 in November

08/10/2020 By admin

Telangana Budget 2014 – 15 in November, Newly Formed Telangana state first Budget expected to be presented to the Assembly in November and being touted as a Telangana State specific growth oriented budget, seems to be slowly dying down with the government and officials slowly realising the “practical difficulties” in drafting such a budget.

Chief Minister K. Chandrasekhar Rao had embarked upon a novel experiment by constituting 14 task forces comprising senior officials to draft the Budget proposals in August contrary to the tradition of the finance minister drafting the Budget in consultation with departments. He asked the committees to address all the poll promises of TRS.

However, the committees failed to complete the task and missed repeated deadlines. The Budget is now expected to confine its focus only to irrigation, restoration of water bodies, water grid and power. The major poll promises are likely to be ignored.

The government, which delayed the Budget by over three months to prepare a “TS growth oriented budget” has now realised that it would not be possible to address all these issues in this Budget since it will be in effect for only four months (December-March). The TRS government now wants to incorporate all its priorities in the Budget for 2015-16.

Mr Rao, who understood the realities, is said have asked the officials to focus on only the important sectors which need immediate attention and for which money can be sanctioned and spent within four months.

He asked them to prepare a comprehensive budget for 2014-15 by incorporating all the government’s priorities in February 2015. Mr Rao held a three-hour long meeting with officials on Saturday over the issue and guided the officials.

Source:DC

Filed Under: Top Stories Tagged With: telangana budget, Telangana state Budget 2014, TS Budget 2014

80k-cr budget for Telangana

08/03/2020 By admin

Telangana CM

Telangana CM

Preparing to present the first budget of Telangana State, the Chandrasekhara Rao government has set its eyes on mobilizing additional revenues for the State exchequer without raising taxes in the present financial year. The TRS government has begun exercise on the revenue mobilization by augmenting available sources and receipts. The Chief Minister on Saturday held a meeting with officials of the revenue department, the main source of income to government and reviewed the revenue position with Principal Secretaries Vinod Agarwal and BR Meena. Deputy Chief Minister Mahamood Ali was also present at the meeting.

KCR suggests additional resource mobilisation without raising taxes

TOTAL BUDGET: `80,000 cr
ESTIMATED REVENUE: `37,000 cr
Commercial Taxes including VAT: `24,000 cr
Prohibition and Excise: `10,000 cr
Stamps and Registrations, MV Tax: `3,000 cr

MAJOR EXPENSES:

Crop loan waiver scheme: `15,000 crore
Fee reimbursement scheme: `1,200 crore

According to sources, it has been estimated that the government could get a revenue of Rs 24,000 crore from Value Added Taxes, Rs 10,000 crore from Excise Department and Rs 3,000 crore from other sources like stamps and registrations and road transport authority, which adds up to Rs 37,000 crores. The Chief Minister directed the officials to increase this revenue by plugging the loopholes.KCR exhorted the officials to see that the estimations of revenues were practical and achievable. He said that there should not be glaring gaps between the estimates and actual receipts. The Chief Minister told the Commercial Taxes department to rationalize the export and import taxes and introduce a friendly collection system.He also wanted strict vigilance at the border check posts so that tax evasion did not take place. He said that the Commercial Taxes department must ensure no tax evasion.

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`80k-cr budget for Telangana
N M SATHEESH /Hyderabad: Preparing to present the first budget of Telangana State, the Chandrasekhara Rao government has set its eyes on mobilizing additional revenues for the State exchequer without raising taxes in the present financial year.The TRS government has begun exercise on the revenue mobilization by augmenting available sources and receipts. The Chief Minister on Saturday held a meeting with officials of the revenue department, the main source of income to government and reviewed the revenue position with Principal Secretaries Vinod Agarwal and BR Meena. Deputy Chief Minister Mahamood Ali was also present at the meeting.

KCR suggests additional resource mobilisation without raising taxes

TOTAL BUDGET: `80,000 cr
ESTIMATED REVENUE: `37,000 cr
Commercial Taxes including VAT: `24,000 cr
Prohibition and Excise: `10,000 cr
Stamps and Registrations, MV Tax: `3,000 cr

MAJOR EXPENSES:
Crop loan waiver scheme: `15,000 crore
Fee reimbursement scheme: `1,200 crore

According to sources, it has been estimated that the government could get a revenue of Rs 24,000 crore from Value Added Taxes, Rs 10,000 crore from Excise Department and Rs 3,000 crore from other sources like stamps and registrations and road transport authority, which adds up to Rs 37,000 crores. The Chief Minister directed the officials to increase this revenue by plugging the loopholes.KCR exhorted the officials to see that the estimations of revenues were practical and achievable. He said that there should not be glaring gaps between the estimates and actual receipts. The Chief Minister told the Commercial Taxes department to rationalize the export and import taxes and introduce a friendly collection system.He also wanted strict vigilance at the border check posts so that tax evasion did not take place. He said that the Commercial Taxes department must ensure no tax evasion.

The government is hoping to present a budget of Rs 80,000 crores with the help of State’s own revenues and Central grants. Since it has big agenda before it, the government wants to see that there are sizable revenue sources available. The Telangana government has promised crop loan waiver, increase of pensions, construction of irrigation projects and expansion of power projects, besides creation of infrastructure for the industries. While loan waiver scheme needs about Rs 15,000 crores, fee reimbursement needs Rs 1,200 crores and others need major allocations. There would be increase in the no plan budget with the increase in the salaries of the government employees. It also wants to present surplus budget to give a good image to the government

Filed Under: Top Stories Tagged With: 80k-cr budget for Telangana, budget for Telangana, telangana budget


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