Thursday , August 24 2017
Hyderabad

State budget will strengthen rural economy: Telangana CM

State budget will strengthen rural economy: Telangana CM

Telangana (Hyderabad) [India]: Telangana Chief Minister K. Chandrashekhar Rao has described the budget presented by Finance Minister Etela Rajender as the one useful for welfare of the people and for the progress of the state’s economic development.

He said that the budget is a deviation from the traditional budget, based on the ground realties and is a perfect match to the needs of the state.

The Chief Minister is hopeful that the budget will strengthen the rural economy.

He hailed the Finance Minister for giving equal importance to all sectors and for giving justice to all thereby balancing all sections.

He is also happy that the Budget allocations are made for the betterment of the lives of the poor, women and small level employees.

The Chief Minister is particularly happy the way large funds are given to the SC/ST/BC/Minorities/ people in hereditary professions.

He also congratulated the Finance Minister for giving more allocations to the sectors that were neglected under the united AP rule.

The budget is formulated after properly estimating the financial resources in the state, having a good understanding of the actual needs and to utilise the human resources.

Though the Centre made changes, the state Finance Ministry quite efficiently had allocated funds for the progress and administrative heads.

He said it is a good development that an effort is made to reduce the administrative expenditure and instead increase expenditure on welfare, development and progressive schemes.

He congratulated Rajender, Principal secretary (Finance) Ramakrishna Rao, Finance Secretary Sandeep Sultania, Advisor G.R. Reddy and the CMO officials for preparing such a good budget.

Several ministers and MLAs have met the Chief Minister in his Chambers in the Legislative Assembly and congratulated him on the budget which is aimed at strengthening the rural economy.

Under the leadership of minister T. Srinivas Yadav, leaders of Yadav and Kuruma Community have gifted the Chief Minister with a flock of sheep and the fishermen presented the Chief Minister with a fishing net.

The women legislators have congratulated and thanked the Chief Minister for enhancing the funds under Kalyan Laxmi/Shaadi Mubarak schemes and for announcing special cash money for delivery of the pregnant women. (ANI)