Prime Minister Narendra Modi’s Demonetization, was deeply disappointed as the Modi’s budget did not pay any special attention to Telangana like AP was provided sops for development of new capital city.
Centre allcaoted Rs 100 crore for Amaravathi metro rail project and also exempted the farmers who gave away lands for the construction of new capital city from capital gains.
KCR has high expectation on the union budget this year as he is planning to introduce several new schemes using central funds. He sought Rs 1000 crore funds for road development in naxal infested districts, funds for the establishment of AIIMS in Telangana and special allocations to establish IT Corridor in Hyderabad.
KCR also expected more funds for the development of backward districts and increase of allocation for centrally sponsored schemes in the new financial year. with no option left, KCR is finding alternatives from within state revenue sources to meet fund requirement for all scheme in 2017-18 financial year.