As per Deccan chronicle reports, Telangana became bankrupt due to lack of funds and has dues to be paid off about 2,000 Crore for the month of November. This isn’t the situation in just any corner of the state. All the districts of Telangana are under the same roof.
In addition to these out-standings, the state government is due to reimburse the fee for Students, Crop loan waiver Scheme and Arogyasri back payment. There was guidance from Cheif Minister K. Chandrasekhar Rao to clear these arrears, but this doesn’t seem to be fulfilled soon due to lack of funds.
Furthermore, all the payments except the employee’s salaries have been kept on hold by treasury department which ultimately affects welfare activities and development plans. On top of this Central government has cut Rs 450 Crore for this month under tax devolution to the state.
Reports say that Finance minister has put this matter forward in the GST council meeting being held in Delhi.
