Yes! It seems like that. There is no surprise that AP is depends hardly on selling of Government Bonds to run the government. It is really wondering when we heard that even Telangana also followed AP. The second richest state after Gujarat is facing financial troubles. There is no money at Government to spend even for prestigious Godavari Pushkarams. Telangana Finance Department decided to issue Bonds for revenue expenditure in the state. 

Problem starts for Telangana soon after RBI took over 1,260 crores from Beverages Corporation. One week back, KTR went to Delhi and made an appeal to Finance Minister Arun Jaitley in this regard. Central Government not responded to the State Finance Secretaries on releasing of the grant in advance. Government has to spend 1000 crores for the salaries of its employees at the end of every month. 

CM KCR has proudly announced that Telangana is rich state. There is no money at Telangana to spend for Mission Kakathiya, Free Power scheme and KCR’s Ramzaan Gift. Keeping the crisis in view, Finance treasurer stopped the payments of all bills. Government has decided to procure 1500 crores by selling Security Bonds in open market. As per FRBM Act, any Government used to gather money up to 10,500 crores in FY. Telangana already received 3,400 crores in this FY so far.


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