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    HomeHyderabadNew government in Hyderabad considers releasing white paper on State finances

    New government in Hyderabad considers releasing white paper on State finances

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    The first Cabinet meeting of the newly formed Congress government in Hyderabad decided to present a white paper on the state finances from 2014 to December 7, 2023. The white paper will provide details on where and how money was spent and its impact on the welfare of the people and development of the state. This was announced by new minister D Sridhar Babu, who spoke to the media after the meeting.

    In addition, the Cabinet has decided to hold a brief session of the State Assembly from December 9, allowing the newly elected MLAs to take their oath. After that, a new Speaker will be elected. G Prasada Rao has been chosen by the Congress high command as their candidate for the Speaker’s post.

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    Furthermore, the Cabinet approved two of the Six Guarantees, which will be implemented starting from December 9. These guarantees include free travel for women on RTC buses and an increase in the insurance amount under Aarogyasri to Rs 10 lakh. All six guarantees will be implemented within the next 100 days.

    The Chief Minister expressed his dissatisfaction with the Principal Secretary of the Energy department for not providing satisfactory responses to his queries. He instructed the Secretary to come prepared with all the necessary information for a review meeting scheduled for Friday. The Chief Minister was informed that there is a debt of Rs 85,000 crore on the Electricity department.

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    Additionally, the Chief Minister requested that the resignation of TRANSCO CMD Prabhakar Rao not be accepted. He wants Rao to be present in the meeting for a thorough review of the department. The government is committed to ensuring 24-hour uninterrupted power supply for all sectors.

    The Cabinet also discussed the previous government’s lack of planning in decision-making. Going forward, houses consuming less than 200 units of power will not receive power bills.

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    Regarding recent crop loss due to cyclone Michaung, district ministers will assess the damage. The government will make a decision on the pending loan waiver for farmers after studying the state’s financial situation.

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