POLITICS

Telangana CM seeks Finance Commission support  in dealing heavy debts

Telangana, the youngest state of India,  has a heavy burden of debt, which stands at over Rs 6.85 lakh crore at the end of the last financial year. This includes both, budgeted and off-budgeted borrowings. Telangana Chief Minister A. Revanth Reddy, while talking to the 16th Finance Commission, has urged to help the state in managing its loans and interest payments. He said large loans borrowed in the last 10 years created a situation where a significant part of the state's revenues is used to repay debt. He offered to give options to either restructure debt or provide additional assistance. He also demanded that the allocation of Central funds to states be enhanced from 41 per cent to 50 per cent.

Congress likely to get a dent in Haryana

The overconfident Congress party may suffer a dent in its performance during the assembly elections in Haryana. Sources said that one group, led by a senior leader, is not happy with the ticket distribution.