Jana Comments-Kcr’s Wonder Budget

Untitled-11Jana Reddy remarked that the budget appears to be wonderful and away from the fact. KCR reacted saying that there would be wonders in the development of Telangana state. Jana Reddy claimed saying that Telangana State was eligible to get only Rs 13,000 crores as against an amount of Rs 35,000 crores in the budget. For a reply to this statement Chief Minister clarified that the State has the facility to get 90 percent of loan on the amount of SOTR and SOR taxes. He also met Union minister Arun Jaitley and requested to relax three percent cap of FRBM Act in getting loans. In addition to Rs 11,000 crores facility under FRBM, they have the facility to get Rs 35,000 crore loans. When considering revenue and planning budget Jana feels that the target is hard and that Telangana Government presented over Rs 1 lakh crore budget on prestige issue as AP government had presented Rs 1.1 lakh crore budget”

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