Telangana Budget 2021-22 LIVE Updates, Highlights, Analysis

 - Sakshi Post

Hyderabad: Telangana Finance Minister T Harish Rao to present state budget today. The budget session, which began on March 15 will conclude on March 26.

The state Budget session commenced on Monday with Governor Tamilisai Soundararajan addressing the joint sitting of the Telangana Assembly and the Legislative Council. A vote of Thanks to the Governor’s address was proposed on March 17. A general discussion on the budget and question hour is scheduled for March 20 and 23. The session will conclude on March 26. Finance minister T. Harish Rao is presenting the Budget 2021-22 Today.

Telangana Finance Minister T Harish Rao will present the state budget at 11.30 am Thursday. The state cabinet presided over by chief minister K. Chandrasekhar Rao, met on Wednesday evening at the CM’s camp office Pragathi Bhavan and approved the state budget for the year 2021-22 to be presented to the assembly on Thursday.

Earlier, the Chief Minister’s Office suggested a ‘promising budget’ this year. In a statement from the CMO on March 6, CM K Chandrasekhar Rao was quoted as saying that the state incurred a loss of Rs 50,000 crore due to the COVID-19 pandemic and its impact has risen to Rs 1 lakh crore.

The CM, however, pointed out that the state’s economy has revived and the income has increased in various forms in the post-COVID lockdown period. He then hinted at the possibility of more allocations in the coming Budget compared to the last financial year's Budget.

10:53 AM · Mar 18, 2021

Presenting budget copy to Speaker (Telangana State)

10:57 AM · Mar 18, 2021

@VSrinivasGoud Called on Legislative Assembly Speaker Pocharam Srinivas Reddy Garu & Legislative Council Chairman Gutha Sukender Reddy Garu along with Colleague Ministers @trsharish Garu, Prashanth Reddy Garu & Other Dignitaries before presenting the State Budget 2021-22. #TelanganaBudget

11:16 (IST) - 18 MAR 2021

Telangana Finance Minister Visits Temple Ahead Of Budget Speech

"We have worked hard to introduce a budget that will be good for the people of the state, for the welfare of the poor in line with the ideas of the Chief Minister, and for the government to keep every word given to the people. Fully confident that this budget will do good for the welfare of the people and the development of the state as intended," says Finance Minister T Harish Rao after visiting the TTD Sri Venkateswara Swamy Temple in Jubilee Heels today morning to offer special prayers ahead of the budget presentation.

11:32 AM · Mar 18, 2021

Harish Rao Thanneeru - @trsharish

Live - Presenting Annual Budget 2021-22 in the Legislative Assembly. #TSBudget2021

11:35 AM · Mar 18, 2021

#TelanganaBudget2021-22 TS Finance Minister begins budget by quoting Telangana Telugu poet Dasarathi.

11:41 AM · Mar 18, 2021

Telangana GSDP grew by 1.3 percent in 2020-21 as against a growth rate of 13.5 percent: Telangana FM @trsharish #TelanganaBudget

11:43 AM · Mar 18, 2021

Despite #Covid, Telangana per capita income grew by 0.6 per cent at Rs 2,27,245 in 2020-21, up by Rs 99,377 more than the national average per capita income of Rs 1,27,768. National figure dropped by 4.8 p.c. in 2020-21: @trsharish #TelanganaBudget

11:48 AM · Mar 18, 2021

Telangana MLAs to get Rs 5 crore each for the development constituencies. Telangana FM  @trsharish allots Rs 800 crore for the purpose. #TelanganaBudget

11:53 AM · Mar 18, 2021

Telangana cropped area has gone up by 49 p.c. in 7 years. From 1.41 crore acres in 2014-15, it went up to 2.10 crore acres in 2020-21: Telangana FM @trsharish #TelanganaBudget

11:55 AM · Mar 18, 2021

#Telanganabudget2021 - Rs. 14,800 crores allocated for Rythu Bandhu and RS. 1,000 crore for CM Dalit Empowerment program @rravikanthreddy @trspartyonline @trsharish @TelanganaCMO

11:57 AM · Mar 18, 2021

#Telanganabudget2021 - Rs. 5,225 crores allocated for Farm Loan Waiver. Rs. 11,728 crores for #Aasra pensions. Rs. 1,200 crores for Rythu Bheema @rravikanthreddy @trspartyonline @trsharish @TelanganaCMO

11:59 AM · Mar 18, 2021

Telangana Budget proposals: Agriculture - Rs 25,000 crore; Rythu Bandhu - Rs 14,800 crore; Rs 1,500 crore for farm mechanisation; Loan waiver - Rs 5,225 crore: Telangana FM

@trsharish #TelanganaBudget

12:01 PM · Mar 18, 2021

Telangana cropped area increased to 2.10 crore acres in 2020-21 from 1.41 crores acres in 2014-15, an increase of 49% due to government efforts. #Telanganabudget2021

@trspartyonline @trsharish @TelanganaCMO @rravikanthreddy

12:02 (IST) - 18 MAR 2021

Rs. 5225 Crores allocated for farm loan waiver, Rs. 25,000 crore towards the agriculture department.

Presenting the state budget in Hyderabad today, Telangana Finance Minister T Harish Rao announced a slew of fund allocation towards the agriculture sector.

Rs 14,800 crore for Rythu Bandhu investment support scheme for farmers

 Rs 5,225 Crores towards farm loan waiver

Rs 29,271 crore towards Panchayat Raj and Rural Development

Rs 1,730 crore for the animal husbandry department

Rs 25,000 crore for agriculture department

Rs 16931 crore for irrigation department

Rs 400 crore towards comprehensive land survey

Rs 11,728 crore towards Aasara pensions

Rs 2750 crore for Kalyana Lakshmi and Shadi Mubarak schemes

12:06 (IST) - 18 MAR 2021

Rao announces stimulus for the development of SC, ST, and OBC communities.

Rs 21,306.85 crore towards SC's special development fund

Rs 12,304.23 crore towards ST's special development fund

Rs 18 crore towards electricity subsidy for ST households

3000 crore for procurement of 3 lakh sheep

500 crore towards Kalyana Lakshmi scheme for OBCs

12:07 (IST) - 18 MAR 2021

Rs. 338 Crores allocated for handloom workers welfare

Presenting the state budget today, Telangana Finance Minister T Harish Rao allocated Rs. 338 crore for the welfare of handloom workers.

12:08 (IST) - 18 MAR 2021

MBC corporation receives Rs. 1000 crore

A total of Rs 1000 crore has been allocated for the MBC corporation in the budget this year.

12:09 (IST) - 18 MAR 2021

Welfare departments receive shot in the arm

Rs 5522 crore for BC Welfare department

Rs 1606 crore for the Minorities welfare department

12:10 (IST) - 18 MAR 2021

Rs. 3000 Crores for interest-free loans for women

Presenting the state budget in Hyderabad today, Telangana Finance Minister T Harish Rao said Rs. 3000 Crores had been allocated towards interest-free loans to women.

Further, Rs. 1702 crore has been allocated for the women and child development department.

12:13 (IST) - 18 MAR 2021

Government to issue guidelines on building houses for the poor who own lands: Rao

Telangana Finance Minister T Harish Rao said that the government will issue guidelines for building 2 BHK houses for the poor who own lands. In this regard, Rs. 11,000 crore has been allocated towards the 2BHK housing scheme.

12:13 (IST) - 18 MAR 2021

Rs. 500 Crores for integrated markets in towns

Rs 500 crore for integrated markets in towns

Rs 200 crore for Vaikuntadhamas in towns

12:17 (IST) - 18 MAR 2021

Developmental and infrastructure projects receive a generous allocation in the budget

Rs 200 crore for Musi river rejuvenation

Rs 1000 crore for Hyderabad Metro rail

Rs 250 crore for providing drinking water in new colonies within Outer Ring Road

12:17 (IST) - 18 MAR 2021

Rs 250 crore allocated to Warangal municipal corporation

Rs 15,030 crore for municipal administration and urban development department

Rs 6295 crore for the health and family welfare department

Rs 250 crore for Warangal municipal corporation

Rs 150 crore for Khammam municipal corporation

12:20 (IST) - 18 MAR 2021

CM Dalit Empowerment Programme proposed in the budget

The budget this year has proposed a new scheme named CM Dalit Empowerment Programme, with an allocation of Rs.1,000 crore. These benefits will accrue to the Scheduled Castes following the introduction of this new program, said T Harish Rao.

12:21 (IST) - 18 MAR 2021

Rao praises the rise in area under cultivation across Telangana

There is a record increase in the area under cultivation in Telangana State. The cultivated area increased from 1.41 crore acres in 2014-15 to 2.12 crore acres in 2020-21. This is an increase of over 49 percent.

In a similar manner, crop production increased from 2.5 crore metric tons in 2014-15 to estimated record production of 4.11 crore metric tons in 2020-21. The crop production has nearly doubled compared to 2014-15.

The farmers in Telangana produced crops valued at Rs.1.00 lakh crore last year, says FM in his speech which is very evident.

12:23 (IST) - 18 MAR 2021

Rs. 1200 crore allocated under Rythu Bhima (farmers insurance scheme)

An amount of Rs.1,200 crore has been proposed under Rythu Bhima (farmers insurance) scheme in 2021-22 in the budget.

12:30 (IST) - 18 MAR 2021

The new scheme announced for education development

The proposed allocation for the new education scheme is Rs.4,000 crore in this budget. In the next two years, the government will provide basic facilities in all the government schools on a large scale.

The Government has decided to provide buildings necessary for schools, take up repairs to buildings and provide necessary furniture, toilets, and other facilities. Modern technology will be used to put classrooms on digital platforms.

The provision proposed for this important education scheme is Rs.2,000 crore. An amount of Rs.11,735 crore is proposed in BE 2021-22 for School Education. An amount of Rs. 1,873 crore is proposed in BE 2021-22 for Higher Education.

12:31 (IST) - 18 MAR 2021

The power sector allocated over Rs. 11 crore

An amount of Rs. 11,046 crore has been proposed in the Budget Estimates 2021-22 for the power sector

An amount of Rs. 2,500 crore has been proposed for industrial incentives.

An amount of Rs. 3,077 crore has been proposed for the Industrial sector.

12:35 (IST) - 18 MAR 2021

Rs. 360 crore for IT sector

"While the national average annual growth of IT exports is only 8.09 percent, the average growth of exports from our State is 17.93 percent. An amount of Rs. 360 crore is proposed in Budget Estimates 2021-22 for IT Sector", said Harish Rao.

12:37 (IST) - 18 MAR 2021

Rs. 100 crore for developing civil aviation facilities in Telangana

With an objective to develop civil aviation facilities in the state, the Government intends to construct airstrips in the second-tier cities in the state. An amount of Rs. 100 crore is proposed in this budget for this purpose, says the FM.

12:39 (IST) - 18 MAR 2021

Rs. 1276 crore for Forest Department, Rs. 3000 crore for RTC

Rs. 3,000 Crores to the RTC

Rs. 8,788 Crores for Roads and Building department

Rs. 1276 Crores for Forest Department

Rs. 720 Crores for the development of Temples, the welfare of archakas, and temple staff

Rs. 750 Crores for land acquisition required for Regional Ring Road

12:39 (IST) - 18 MAR 2021

Rs. 2363 for Civil Supplies Department

"An amount of Rs. 2,363 crore is proposed in Budget Estimates 2021-22 for Civil Supplies Department. Today 2,79,65,218 people are getting 6 kgs of ration rice per month in the State", said Harish Rao.

12:41 (IST) - 18 MAR 2021

Rs 726 crore for the Tourism and Cultural sector

Telangana Finance Minister T Harish Rao said that an amount of Rs.726 crore is proposed in Budget Estimates 2021-22 for the Tourism and Cultural sector.

12:48 (IST) - 18 MAR 2021

Rs. 720 Crores allocated towards the development of temples and welfare of temple staff

A total amount of Rs.720 crore is proposed for the development of Temples, welfare of archakas, and temple staff in Budget Estimates 2021-22.

12:55 (IST) - 18 MAR 2021

The government spent Crores of rupees to mitigate the effect of COVID-19 in the state and aid those affected: Rao Speaking about the measures taken by the state to fight the Coronavirus, T Harish Rao gave details of the amount spent.

A sum of Rs 1178.28 crore was spent on isolation centers, medicines, beds, food, and other necessities.

Rs.1,500 was provided as assistance to each family having a ration card for two months. This amount was transferred directly into their accounts. The government spent Rs.2,455 crore for this purpose. The government, he said, has taken utmost care of them.

As many as 6.47 lakh migrant workers were given Rs.500 each along with 5 kg of rice. The amount spent for this is Rs.107 crore.

Arrangements were made to transport 2,01,213 migrant workers to their native places in 151 special trains. An amount of Rs.17 crore was spent by the State Government for the transportation of migrant laborers.

The Government provided an incentive of Rs.235.36 crore to the police, doctors, and sanitation workers who were at the forefront of fighting corona tirelessly.

The Government even provided financial assistance to journalists affected by Corona.

An amount of Rs.25 crore was provided to advocates during Corona time.

13:03 (IST) - 18 MAR 2021 

Rs. 1276 crore allocated to the Forest Department

"Since 2015, restoration of forests in 9.65 lakh acres has been done. In the coming years, it is targeted to restore 10.5 lakh acres of forest land. Under the Haritha Haram program conducted in four phases so far, 211 crore saplings have been planted from 2015 onwards. As per the Forest Survey of India, a Central Government institute, the greenery has increased by 3.67% since the formation of Telangana. An amount of Rs.1276 crore is proposed in Budget Estimates 2021-22 for Forest Department", said Telangana Finance Minister T Harish Rao.

13:08 (IST) - 18 MAR 2021

Rs. 610 allocated for construction of new Secretariat

Towards the construction of Police Command Control Centre in Hyderabad city, to be completed shortly, an amount of Rs.725 crore is proposed in this Budget.

The FM proposed an amount of Rs 610 crore for the construction of the New Secretariat in Budget Estimates 2021-22.

For the repairs of roads affected by floods and for regular maintenance, an amount of Rs.800 crore is proposed for R&B roads. The amount proposed for Panchayat Raj roads is Rs.300 crore.

Administrative sanction has been accorded for 21 new ROBs and RUBs. For this, an amount of Rs.400 crore is proposed.

An amount of Rs.8,788 crore is proposed in Budget Estimates 2021-22 for the Roads and Building department.

13:10 (IST) - 18 MAR 2021

Total expenditure proposed at Rs.2,30,825.96 crore and revenue at Rs.1,69,383.44 crore

"In the financial year 2021-22, I am proposing a total expenditure of Rs.2,30,825.96 crore. Of this, revenue expenditure is Rs.1,69,383.44 crore and capital expenditure is Rs.29,046.77 crore. Revenue surplus in the Budget is estimated at Rs.6,743.50 crore and the estimated fiscal deficit is Rs. 45,509.60 crore", said T Harish Rao on the 2021-22 Budget estimates

13:11 (IST) - 18 MAR 2021

Rao concludes budget speech

Concluding his budget speech which was 1 hour and 40 minutes long, Telangana Finance Minister T Harish Rao thanked Ministers and the staff of Commercial Taxes, Excise, Registration & Stamps, Transport and Mines Department for ensuring that the revenues of the State have not fallen even during the crisis created by corona.

13:12 (IST) - 18 MAR 2021

House adjourned, to meet again on Saturday

Following the conclusion of the Telangana budget speech, the House has been adjourned. The House will meet again at 10 am on Saturday.

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