YSR Congress Government presented a 2.27 Lakh Crore Budget in the State Assembly. Finance minister Buggana Rajendranath Reddy presented the budget with the revenue deficit projected at Rs 1,778.52 crore, the revenue expenditure is expected to go up by 20.10 percent by the end of the 2019-20 financial year.
Very much on expected lines, the Government has totally ignored Amaravati construction in the Budget. The finance minister allocated only 500 crores for Amaravati, which will be just sufficient to pay an annuity to farmers and monthly pension to agriculture laborers. This reinforces doubts about the shifting of the Capital.
Immediately after coming to power, the State Government brought all the projects in the Capital to a Stand-still. The Manifesto of YSR Congress before the elections did not give any commitment about the State Capital. There are rumors that the government is planning to develop Donakonda instead of Amaravati.
Farmers who have given lands voluntarily to the State Government are in doldrums with the land prices on a free fall since Jagan is elected. This meager allocations in the budget very much indicate that Jagan is certainly having some other ideas but is yet to reveal them.Don't MissNani’s Gang Leader Is A DisasterIt is the ninth day since its release. And we are now in the second...Don't MissNow, A Believable Update about Sye Raa Satellite RightsThis morning we have reported that the news about Zee Network bagging the Satellite Rights...Don't MissTDP Loses Another Senior Leader, Former MP No MoreTelugu Desam Party lost another Veteran Leader just in the span of one week. After...Don't MissGaddalakonda Ganesh Sets Record For Varun Tej By Big MarginDefying the pre-release expectations, Gaddalakonda Ganesh has set new opening day record for Varun Tej....Don't MissCRDA Warns Demolishing Chandrababu's House in A WeekCRDA Officials have pasted another notice on Former Chief Minister Chandrababu Naidu's rented house in...