KCR faces tough budget calls
At a review recently, the chief minister dropped a bombshell that Covid had knocked away Rs 1 lakh crore that should have accrued to the state exchequer.
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Telangana CM K Chandrashekhar Rao (File photo| EPS)
Telangana, like any other state, is trying to recover from the cataclysmic effect Covid has wrought on its economy and move on to the next fiscal with hope. The Budget Session of the state Assembly is set to begin on March 15. An exercise to look for avenues to augment revenues is already on. For 2020-21, the state had planned a budget of Rs 1.82 lakh crore and it remains to be seen what the revised budget would come to at the end of the financial year that was hit by the pandemic. As the state moves closer to planning its budget for the next fiscal (2021-22), the situation is not looking very encouraging though Chief Minister K Chandrasekhar Rao is optimistic, arguing that financially the state would be better off
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