We are not leveraging our economy said K Chandrasekhar Rao the CM of Telangana. He was relying on the Vote on account budget here in the state Assembly. The country and the states are suffering as there is no proper leveraging the economy.
If properly leveraged the economy will double in 5 years he said. We were afraid of the finances in Telangana in the beginning and in the next 5 years to go our economy will be double he said. By 2028 in another 10 years we will spend 30 lakh crore he said.
One must have visualisation and leveraging he stated. We are going capital expenditure and taking loans for the same.
No state can do the projects or develop the state on its own he explained. I have 100 letters to the Prime Minister Narendra Modi to refer the matter to the Tribunal in terms of the irrigation projects, but nothing has been done so far he stated.
He was of the opinion that the states will get better rights in the near future. We are able to build the projects at a faster pace and requested the Ministers at the centre for permissions he said.
He agreed with member Sabitha that Palamuru project was not going at a faster pace when compared to Kaleshwaram. RR district will also get water in this term he assured the members.
At the same time Mahabunagar is also getting new water sources he said. Lets hope for a new government that would give more funds and rights to the states he said. The Parliament elections are around the corner he said.
America is a rich country but they also have huge loans to be paid KCR reminded. We must grow at a faster pace like China KCR opined. The RBI has given an opportunity for the rescheduling of the loans.
We have a lot of cushions and the repayment can be postponed he explained.
The power supply can be monitored online and there could be some outages he agreed. He also assured that the same can be corrected.
We keep taking credit and investing for the development he stated. It is an ongoing process he explained.
