TELANGANA

70% kids below 5 years anaemic in Telangana: Govt data

by

At 70%,Telanganahas one of the highest Percentage of anaemic children in age group of 6 months to 5 years among states.

As per the report tabled by the Centre in Parliament in response to a query on effectiveness of Anaemia Mukt Bharat (AMB) programme, the number of anaemic children in the state has increased from 60.7% in National Family Health Survey-4 (NFHS-4) to 70% in NFHS-5 released two years ago. Other states with high number of anaemic children are Gujarat (79.7%), Punjab (71%) andRajasthan(71%).

While Centre has launched AMB to reduce anaemia in Women, children and adolescents through a life cycle approach, it seems to be on rise across these categories.

Anaemia in women across age groups is also high in with 57.6% in aged 15-49 affected. It is 64.7% in girls aged 15-19 and 53.2% among pregnant women, Union minister of state for health Bharati Pravin Pawar said in the report tabled in the Lok Sabha.

‘19,000 cases pending in family courts in Telangana, 1 1 lakh in India’

by

JusticeV Ramasubramanianof The Supreme Court said 11.4 lakhcaseswerependingwith in Inida, including 19,000 cases inTelanganafamily courts.

After inaugurating the country’s first integrated complex for family courts at Purani Haveli in the Old City along with two other judges – Justice PS Narasimha and Justice Sanjay Kumar – of the apex court, Justice Ramasubramanian said several districts in the country do not have family courts even now. “If we set up family courts in all districts, the number of cases will also go up as more people will approach courts for resolving disputes,” he said.

This first-of-its kind facility has been built keeping in view the needs of warring couples, their kids and relatives. The family courts complex in Hyderabad is equipped with modern court halls, meditation halls, separate waiting rooms for men and Women, play areas and creches for children and separate feeding area for new mothers.Officialssaid the complex will provide a whole new experience to the litigants and their families. There are e-filing desks as well and dedicated staff to assist them.

Roll back grid support charges for industries: CII to KTR

by

Expressing concern over thegrid support chargesproposed by the discoms Rs 2.37 lakh per MW of power per month from the captive power Plants, the Confederation of Indian (CII) has urged the industry ministerKT Rama Raoto intervene to roll back grid support charges. The industries body said the safety charges should not be collected from the industries operating inTelanganawith captive power plants and operating in parallel to Telangana state grid.

The Grid Support Charges at the rate of Rs 2,37,500 per MW per month is exorbitant and unjustified. This will lead to an increase in production cost of units made in Telangana thereby adversely impacting their competitiveness.

The associations body said heavy and capital-intensive industries such as metallurgical, cement, paper, power, etc. set up captive power plants for self-consumption and at the same time synchronize them with the grid supply for their stability.

At 20%, Telangana rural vegetable inflation boiling over, says expert

by

For stability, a bandwidth of a 2-6% rate is good. This, however, varies with time for many reasons. Indias inflation rate is influenced by fuel prices. Inflation is understood as a consistent spurt in prices and the poor cannot afford a price rise, so its critical to keep inflation levels within the desired ban dwidth. Going by GST collections and GDP figures, India is relatively safe. Also, we are not an export-driven economy and inflation rates were brought down between February and March.

As per data, Telanganas vegetable inflation in rural areas between April and October is very high, hovering around 20%. In the same p eriod, the corresponding figure (rural vegetable inflation) for the country was just 6%. Agriculturists say price benefits not being passed on to consumers or cultivation not meeting demand.

Budget session likely in Feb third week

by

With pre-budget exercise almost over, thegovernment is planning to hold state assembly budget session in the third week of February.

According to official sources, CMK Chandrasekharis expected to take a call on fixing budget session in a day or two after consulting assembly speaker and governor. Official sources said since there is a clarity on central assistance and schemes, the departments have already started working on the department-wise budget, which would be completed in a week.
If everything goes as per plan, the budget will be presented in the state assembly in the last week of February and the sessions will be held for 10 days.

Telangana govt seeks RBI nod to raise Rs 13,000 crore loan in final quarter

by

government has requested permission from theReserve Bank Of India(RBI) to raise another Rs 13,562 croreloanin thefinal quarterof the current financial year.

With this, the total loan raised this year will be Rs 48,562 crore and the cumulative loan burden will reach 2.86 lakh crore. But Telangana’s fiscal Health seem reasonable when compared nationally as it will still be second last in terms of the ratio of gross domestic product as a Percentage of loans.

The loan requirement is mostly to feed the state’s ambitious welfare programmes. Despite the economic slowdown due to Covid-19, the state had managed to achieve a good Growth rate, but the income is not enough to finance its schemes as payments for it have also increased proportionately.

This fiscal year the State Government intends to implement the Dalit Bandhu scheme and has also begun releasing funds for Rythu Bandhu.

The state government was scheduled to raise Rs 8,000 crore, Rs 6,000 crore and Rs 6,295 crore in the first, second and third quarter of the year respectively, according to the original indicative loan calendar. The rest of the requirements were to be raised in the fourth quarter.

Instead, the state borrowed more than planned. In the first quarter it was Rs 15,000 crore, in second and third quarters it touched Rs 10,000 crore and in the fourth it has proposed to borrow 13,562 crore.

According to the Fiscal Responsibility and Budget Management (FRBM) Act, 25% of the state’s total GDP can be considered the upper limit of the total loans raised by the state.

Telangana second in country in own tax income GSDP share

by

At 8% own tax income share of Gross State Domestic Product (GSDP) for budget estimates for this fiscal, is second only to UP (10.3%) in the country, according to the recent ‘State of Finance Report (2022-23)’.

The two states are followed by Jharkhand (also 8%), Kerala (7.9%) and Haryana (7.5%). The Average GSDP-to-own-income ratio in the country is 6%.

A higher ratio of own tax income to GSDP indicates that the state has a better ability to collect taxes from its economic activities.A variety of factors influence tax collection, including income level, economic structure, tax rate and tax administration, according to analysts.

The report observed that the key sources of own tax revenue for states in 2022-23 is SGST (42%), sales tax/VAT (23%), state excise duty (14%), stamp duty (11%), vehicle taxes (5%), and electricity taxes and duties (3%). For Telangana, SGST share is (2.7%), sales tax/VAT (2.5%), excise duty (1.3%), stamp duty (1.2%) and other sources (0.4%).

According to the report, the GST Council has been given authority to decide on rates for a significant portion of state’s own tax revenue.

In 2022-23 fiscal, states have estimated that their own non-tax revenue will be about 1.3% of GSDP.The level of own non-tax revenue varies greatly across states.For instance, Odisha, Chhattisgarh and Jharkhand have estimated significantly higher non-tax revenue, primarily from mining royalties.

Telangana cabinet approves policies to promote food processing

by

To promote Food Processing units and logistic parks in a big way in the state, the state cabinet has approved two major polices Telangana State Food Processing Policy and Telangana Logistic Policy.

The government has decided to set up a dry port (multimodal logistic park) in about 1,400 acres under Public Private PARTNERSHIP (PPP) mode in the state. With the help of customs department, on the lines of integrated container depot (ICD) in Sanathnagar, two more ICDs would be set up in the state. Similarly, 10 integrated Logistics parks would be developed like Bata Singaram logistic park developed by the Hyderabad Metropolitan Development Authority (HMDA).

It has been decided to set up at least 10 food processing zones in about 500 to 1,000 acres each. The government wants to have food processing zones in about 10,000 acres by 2024-2025. The government is also planning to attract Rs 25,000 crore investments, which would create EMPLOYMENT to 70,000 people directly and three lakh more people indirectly. For receiving applications for food processing

Hyderabad to host international jurists meet in September

by

The city will host the International Conference of Jurists in September this year. Stating this, Supreme Court bar association chief and president of International Council of Jurists Adish C Aggarwala said more than 100 judges from foreign countries along with 100 more Indian judges will take part in the prestigious conference.

Interaction and exchange of views among jurists of various countries and cultures would benefit all the jurists, Adish said and pointed out how the court case status display board idea of Pakistans Lahore in 2004 had later inspired several courts in the world to implement such a display board system in their courts as well.

Will invest in 50 startups in Telangana: We Founder Circle founders

by

Co-founders of We Founder Circle (WFC), a startup platform, said they will aggressively invest in 50 startups across Telangana within five years. Speaking to reporters at TiE Global Summit 2022, co-founder of WFC Neeraj Tyagi said they will facilitate funding for at least 10 startups by 2023.

For a lot of startup verticals such as auto service, Web3 and SAAS, Hyderabad has become the launchpad, Tyagi said. The best examples of the success we see for startups in the Hyderabad-Telangana regions are Hesa and CUSMAT.

Interestingly, a majority of 75% of the investors happen to hail from tier-2 and tier-3 cities rather than the metros. WFC has also partnered with local Ecosystems such T-Hub, to boost the platform in democratising early-stage startup investments.

We believe local ecosystems play a significant role in building the startup ecosystem of a region and we plan to create more of such partnerships, Gaurav VK Singhvi, WFC co-founder said. The executives of the company also note that the Average ticket size of these investments would be between $100,000 to $150,000.