A emblem of RBI. Telangana State continues to rely on the monetary lodging devices offered by the Reserve Financial institution of India (RBI) for assembly its rapid monetary commitments like the continuing and lately launched spree of welfare schemes. File.
| Picture Credit score: Reuters
The Telangana State continues to rely on the monetary lodging devices offered by the Reserve Financial institution of India (RBI) for assembly its rapid monetary commitments like the continuing and lately launched spree of welfare schemes.
The State utilised choices just like the particular drawing facility and methods and means advances for many of January. The State relied on a particular drawing facility for all 31 days of January drawing ₹883.6 crore. It opted for methods and means advances for all however someday of the month availing ₹1,391.36 crore. It additionally used the overdraft choice for 14 days of the month elevating ₹634.82 crore, in keeping with the RBI.
Extra dependence on the monetary lodging devices was due to the gradual tempo of development in income receipts which continued in January too. The State’s general income receipts on the finish of January stood at ₹1.36 lakh crore, 63.2% of the ₹2.16 lakh crore projected within the price range estimates for the present monetary yr with simply two months left for the completion of the fiscal.
Of those, receipts beneath the top borrowings and different liabilities stood at ₹40,852 crore, shut to at least one third of the entire receipts. Tax revenues through the interval have been a shade higher at ₹1.1 lakh crore, 72.42% of the ₹1.52 lakh crore of the price range estimates. Expenditure on account of curiosity funds was ₹19,102 crores and fee of salaries/wages and pensions amounted to ₹32,650 crore and ₹14,102 crore respectively.
The State had a income deficit of ₹1,269.69 crore towards the excess of ₹4,881 crore projected within the price range estimates for the yr whereas the fiscal deficit was ₹40,852 crore 72.87% of ₹56,062 crore projected for the fiscal. The first deficit on the finish of January stood at ₹21,749 crore.
