Telangana gets a raw deal in union Budget 2022-23
Hyderabad: The union Budget 2022-23 turned out to be a major disappointment for Telangana, with no specific assurances or allocations given to support the State in the next fiscal. union Finance Minister Nirmala Sitharaman presented the budget in the Lok Sabha on Tuesday, had no provision to address the promises made under Andhra Pradesh Reorganisation […]
Hyderabad: The union Budget 2022-23 turned out to be a major disappointment for Telangana, with no specific assurances or allocations given to support the State in the next fiscal. union Finance Minister Nirmala Sitharaman presented the budget in the Lok Sabha on Tuesday, had no provision to address the promises made under Andhra Pradesh Reorganisation Act and completely ignored the requests from Telangana government.
The State government had high expectations from the union Budget 2022-23 where the former had already made multiple representations to the union Ministers concerned as well as Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman. However, the officials stated that one would have to wait to find out whether there would be generous allocations to the State or nothing at all.
The State government made requests pertaining to nearly 35 issues including assurances given under Andhra Pradesh Reorganisation Act, but none found any mention in the union Budget 2022-23. Thus, the State government’s hopes for a tribal university in Mulugu, steel plant at Bayyaram and a railway coach factory at Kazipet among others, have been watered down.
There was no mention of educational institutions of national prominence including IIM, NID, IISER, Navodaya and Kedriya Vidyalayas among others. The request for budgetary support for development of industrial corridors, Information Technology Investment Region, Hyderabad Pharma City, mega handloom/powerloom cluster, mega textile park, and other industrial infrastructure development projects.
However, some economic experts are optimistic and point out that the union Budget does not make any specific announcements, but had a few promises where Telangana can expect some respite. For instance, Nirmala Sitharaman announced the Centre’s plans for river interlinking projects including Godavari-Krishna for which Telangana along with Andhra Pradesh stand a chance.
Official sources pointed out that though there was mention of a few projects for implementation at the national level, there was no clarity on allocation of funds towards requests like release of GST dues and IGST settlement, Backward Region Grant Funds, 100 cargo terminals in railway stations, four multi-model logistic parks, new metro projects, and development of 20,000 km of national highways, among others.
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