KTR Termed The Budget 2020 As "Disappointing And Insipid"

Minister of Municipal Administration and Urban Development and Telangana Rashtra Samithi (TRS) working president KT Rama Rao termed the Budget 2020 as "disappointing and insipid" from Telangana's perspective. He has hit out at the Centre over the raw deal given to Telangana.

KTR has said that the Centre has negated funds for the state's flagship projects namely Mission Bhagiratha and Mission Kakatiya.

“Though NITI Ayog had recommended Union government to extend financial assistance of Rs 24,000 Crores to Telangana’s flagship initiatives Mission Kakatiya and Mission Bhagiratha, unfortunately, Union Govt did not allocate even a single rupee in Union Budget 2020,” The Minister said.

The centre has further reduced the budget to the state from Rs 1,037 crore in 2019-20 to Rs 889 crore in the current budget.

Taking to Twitter, in a series of tweets, KTR said that the budget cut would badly impact the development of towns and cities.

"Utterly disappointed with the #UnionBudget2020 While economic survey showcases Telangana as a performer & a progressive state, reducing Telangana’s share in Central taxes is bound to impact the implementation of various development & welfare initiatives of the state government," KTR said.

Slamming the Centre for their poor economic performance, he said, "The fact that the States' share in Central taxes has gone down by an unprecedented 18.9% in FY 2019-20 proves how poorly the Union Govt is managing the economic affairs of the country. This is going to impact the Telangana state’s planning."

"Telangana’s request on supporting industrial corridors between Hyderabad-Bengaluru, Hyderabad-Nagpur, Hyderabad-Warangal have been again ignored." the minister further added.

He said that the state had sought financial assistance for several irrigation projects and welfare initiatives. However, the Union Government, on the contrary, has resorted to massive budget cuts for various sectors like education, healthcare, agriculture, rural development, etc., he said.