Telangana's Budget Session To Begin Today

Hyderabad Mar 10 : Governor ESL Narasimhan observed that Telangana State has witnessed a significant improvement in the growth of Gross State Domestic Product (GSDP). Addressing the joint session of the State Legislative Assembly and council marking the commencement of budget session on Friday he said the GSDP is estimated to 6.54 lakh crore in 2016-17.

Quoting the advance estimates for the next fiscal he said the GSDP is likely to grow at an impressive rate of 13.7 per cent at the current prices as against the all India growth rate of 11.5 per cent.He said the formation of new State heralded the dawn of a new phase in energy sector. The most significant achievement in the last 33 months on this front has been putting an end to the power cuts and ensuring uninterrupted supply of power to all sections of consumer. The last two and half years the government would create an additional generation capacity of 4,190 MW and by the end of the current year further generation capacity of 4,130 MW would be added. With in next three years the total availability of power would be in the range of 16,306 MW.

Addressing the session he said that the pension and assistance schemes introduced by the government has benifitted over 36 lakh persons now as against 29 lakh, before the formation of the State. As compared to the previous annual expenditure of Rs 835 crore in undivided State, the present government is spending Rs 4,729 crores for this purpose. Mitigating the plot of the single women the government has decided to extend assistance of Rs 1,000 per month enabling each of them to live in dignity.

The State government is committed to fill up 1 lakh vacancies in the public sector in a period of five years as assured at the time of State formation. Adding to which the Governor said that so far recruitment on 5,936 posts has been completed through the State public service commission. Apart from that recruitment on 2681 posts were completed in the power sector, 4500 in singareni collieries and 10,422 posts in police department.

The Governor noted that it’s important to give new thrust to the community-based traditional occupations to revive the rural economy. The government has prepared a blue print to revamp the activities of shepherded, fishermen, weavers, barbers and other artisans.