4 months ago
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The Telangana Government has ruled retired administrative and fiscal motives down the trifurcation of the Greater Hyderabad Municipal Corporation (GHMC) and dismissed the speculation that it is readying to rise caller indebtedness done the recently projected entities.
The Industries and IT Minister D. Sridhar Babu refuted the main Opposition Bharat Rashtra Samithi’s (BRS) complaint that the Government was readying to prosecute outer consultancies oregon merchant bankers to facilitate caller loans to the GHMC. “In fact, the indiscriminate borrowing by the erstwhile BRS Government has mandated restructuring of debts. Chief Minister A. Revanth Reddy has been holding consultations with bankers and different institutions connected restructuring of the loans truthful that determination volition beryllium simplification successful the involvement burden,” helium said replying to a query successful the Legislative Assembly connected Monday (January 5, 2025).
GHMC’s outstanding indebtedness is ₹4,717.81 crore
He said that the full outstanding indebtedness of the GHMC was ₹4,717.81 crore arsenic astatine the extremity of December and the contiguous Government had not accrued immoderate indebtedness successful the past 12 months. The erstwhile Government went up to get ₹6,401 crore betwixt 2018 and 2023 astatine higher interests and the contiguous Government had initiated steps to trim the burden. “We are trying to bring successful subject successful the departments for prudent fiscal management,” helium said.
He launched a trenchant onslaught connected the main Opposition for boycotting the proceedings claiming it reflected their committedness towards the people. The intent of the absorption enactment could beryllium seen from the information that its members were not contiguous erstwhile the ruling enactment made a presumption connected the Krishna waters. “They marque presumption extracurricular the Assembly alternatively of raising the issues successful the House which is successful session,” helium said.
The Minister took beardown objection to the mode successful which the BRS members formed aspersions connected the Assembky Speaker, G. Prasad Kumar, and urged the Chair to initiate due enactment against them.
