YEs, That has actually caused a lot of problems for the Telangana government. The failure to get the funds for these two has left a pretty huge revenue gap of about Rs 34,500 crore and KCR claimed that this was the reason behind the failure.
You know what he said? HE said that the state did not receive about Rs 28,000 crore funds for centrally sponsored schemes such as ICDS and hopes of raising another Rs 6,500 crore through sale of land did not happen.
KCR responded to criticism of the huge gap between revenue earnings and the expenditure in both plan and non plan sectors, KCR blamed the situation on huge cuts in central grants.
I think the government will not go through with it now because there is a very huge slump in the real estate market in and around the city. Now the activity is slowly picking up in Hyderabad. So I think if they d they will have to wait for a bit.
The CM K Chandra Shekara Rao admitted that in the previous budget, and it was projected to raise over Rs 6,500 crore by way of sale of government land. This could be used for several other developmental works.
You know the government would try to raise the balance Rs 19,000 crore by recovering arrears in various departments such as commercial taxes, where arrears have piled up to Rs 4,000 crore and by passing on some burden of power tariff to consumers (domestic and industrial).
The sum that the government is expecting to mobilise from this project is Rs 96,000 crore through state revenues, Centre`s tax devolution and loan which definitely is a huge number. So it is fairly obvious that the government will go ahead with this.
The government will be spending Rs. 115 crores to complete this process. And you know they have pinned some heavy hopes on the project to fetch a huge sum of money through this. Whether or not it will work out is not sure.
These lands that are being talked about which are the assigned lands does not come under the ambit of the regularisation scheme GO (58 & 59), the state government would resume such land and legalise its ownership by illegal occupants.
As per the current rules, either encroachment or purchase by private individuals of lands that are assigned to the poor by the government is illegal. Which means that the buyers can be punished or levied panalty on.
Yes. The Chief Minister of the Telangana state has announced in the assembly last week on Tuesday that over 10,000 acres of land which are already assigned will be given regularisation tags under the scheme. This could again help the government get more money out of it.
Looks like the Telangana government is on a regularisation spree. After the Land regularisation scheme for illegal encroachers from the Below Poverty Line (BPL) families, they are nw thinking of regularising allotted land. Let's see where this could lead to.