Telangana Dy CM emphasizes boosting non-tax revenue
He made these remarks during a high-level review meeting held at the Dr B R Ambedkar Secretariat, attended by Ministers Uttam Kumar Reddy, Komatireddy Venkata Reddy, and senior officials.
During the meeting, the Deputy CM emphasised that new welfare schemes worth Rs 33,600 crore are being implemented without halting existing schemes of the previous government.
However, he pointed out that no revenue was received from Outer Ring Road or Excise during the 2023–24 financial year, highlighting the need to explore alternate revenue channels, especially non-tax sources and central funds.
He instructed officials to rationalize departmental budgets, ensuring equitable distribution of funds. "Some departments are receiving more funds than needed, while others are underfunded. This imbalance must be corrected, and allocations should reflect actual needs and priorities," he stated.
Bhatti Vikramarka also ordered the immediate completion of pending major infrastructure projects across all constituencies, stressing that rationalization and the completion of spillover works must be finalised within ten days. He underlined that revenue-generating sectors need special focus, and that all expenditures must be realistic, logical, and need-based.
Calling on all departments to work with a public welfare mindset, the Deputy CM said that only balanced departmental development will ensure comprehensive growth for the state.
The meeting was attended by Chief Secretary Ramakrishna Rao, Finance Principal Secretary Sandeep Kumar Sultania, and senior officials from various departments, an official statement said on Sunday.
UNI VV GNK
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Wire
a few seconds ago
- The Wire
An Idea For the Delhi CM: Stop Copying Sainik Farms for Interior Decoration
The Delhi government has cancelled a tender of Rs. 60 lakh for renovation work at Delhi chief minister Rekha Gupta's new residence: Bungalow Number 1, Raj Niwas Marg, for CM No. 1. The official explanation is 'administrative reasons', which, on the face of it, seems like a face-saving phrase. It's a phrase as meaninglessly meaty as 'we will look into the matter and strict action will be taken against guilty.' A more likely reason: the optics of the renovation exercise was so obviously jarring, given the BJP's vilification of Arvind Kejriwal's so-called 'Sheesh Mahal' – the common man's messiah living in an opulent palace. People aspiring to live in over-decorated and over-equipped glass houses shouldn't throw stones. A fascinating read The PWD tender makes for a fascinating read. Making lists is one of the highest forms of literary activity (think Joan Didion's essential packing list); the best fiction cannot beat this. The Siasat Daily reports: 'The tender will draw bids for the installation of 24 two-tonne air conditioners, 23 premium energy ceiling fans, 115 sets of lamps, 16 wall fans, 14 air conditioners, 10 LED flood lights, six geysers, three grand chandeliers, four 55-inch 4K ultra HD LED smart TVs, one 65 inch 4k ultra HD LED smart TV, a gas top with electromagnetic burners, a 20 litre microwave, an LCD display toaster grill, chandeliers, electric chimneys, wall lights, hanging lights, washing machines, dishwashers, and an RO water plant with a processing capacity of 50 litres per hour. The PWD will also acquire 16 round large flush-ceiling lights with nickel finish, 8 brass and glass lanterns, 7 brass ceiling lanterns, 6 LED bulbs and 2 smaller units and one large brass frame glass chandelier.' The Siasat Daily goes on to quote from the PWD tender; the lines on the lantern and chandelier could have been written by Proust: 'This (brass and glass lantern wall lights) unit is the epitome of timeless elegance. Crafted with exquisite attention to detail, this stunning fixture effortlessly combines classic brass with delicate glass panels, creating a breathtaking ambience in any professional setting. The chandelier exudes sophistication, while the delicate glass shades cast a warm and inviting glow throughout the room' I've always believed that the nonsense that binds us as Indians far outweighs the nonsense that separates us. The obsession with the chandelier as a symbol of class and sophistication, cutting across party lines, is a glittering example of this. I'm guessing it comes from some idea of royalty as it used to be: kings, queens and their palaces. In reality, the chandelier is one of the ugliest expressions of interior aesthetic, whose natural companion is the multi-coloured water fountain in the garden, the ugliest form of external aesthetic. I remember a hostel election in my college back in the 1990s, when the winning candidate won on a simple plank: tubelight in every room. He delivered on the promise. Delhi CMs have extended the idea to a chandelier in every CM house. I also feel this is a very Delhi phenomenon. The city has long been associated with vulgar displays of wealth (and power). A chief minister is first and foremost a Delhiite, not immune to his or her surroundings. It's only human to copy what the neighbours are doing. Unfortunately, in Delhi, the CMs have fallen prey to the idea that their houses should mirror the best of Sainik Farms, or any Mehrauli farmhouse for that matter – the worst concrete manifestation of black money. Doubling a colossal waste Even before Rekha Gupta had been named chief minister, the BJP made it clear that the new CM wouldn't be living in 'Sheesh Mahal'. Gupta, once appointed, said she would like it to be turned into a museum. The moral high ground implied that the little Indian should be able to see for herself the gulf between the ruler and the ruled. This is only doubling a colossal waste, which shouldn't have been allowed in the first place. Now that the CM's house has been built with public money, why not use it. It makes no logical sense to reinvent the wheel. It was always the CM's residence, not Kejriwal's personal address. Forget about chief ministers, even heads of state around the world have tried to do things differently. The official residences of Scandinavian PMs are not as grand as other world leaders. Hypocrisies might lurk underneath, but at least the attempt is to underline simplicity and public service as the qualities that matter most, and the official residence embodies those virtues. Rishi Sunak, despite owning several expensive properties in the UK and elsewhere, moved into a small flat above 10 Downing Street, instead of the larger 11 Downing Street Flat occupied by previous PMs. Justin Trudeau lived in Rideau Cottage, a modest two-storey brick house in Ottawa, formerly the residence of diplomatic secretaries. And Canada would count itself a wealthy nation. I once had the good fortune to visit Manmohan Singh's official residence when he was finance minister. It was like going from one middle-class home to another. The same smell of mango pickle in the dining room; the same moodha chairs scattered around the verandah. Some interior design suggestions to the CMs of Delhi I would like to take this opportunity to offer some interior design suggestions to the CMs of Delhi, the capital of a predominantly poor country. Eschew chandeliers, come what may. Remember the old campaign promise: a tubelight in every room. Like the telephone, tubelight technology has evolved enormously. Check it out. Don't look to Sainik Farms and gated Gurgaon for ideas. Instead, look to crafts emporia, Dilli Haat and the National Crafts Museum in Pragati Maidan. I'd take a step further down that road and tell them to stay away from Fab India – it's become expensive, not what it used to be in the 1980s, when someone told me that those who cannot afford Benetton go to Fab India. That's another funny story for another occasion. Buy chatais from different states, not designer tiles. Choose bamboo furniture over lavishly upholstered sofas. Cut down on air conditioners, buy more pedestal fans and desert coolers. A double rod heater should suffice in winters. Cycle to work. Then you'll realise why the city needs cycle lanes. When the streets get flooded during the monsoon rains, you can take a day off work and contemplate. Cycle, breathe in the pollution, then do something about it. Most importantly, get a green parrot in a powder-coated metal or stainless steel cage. Every day, listen to the parrot. When you start speaking gibberish in your gilded cage, the parrot will repeat it, and make you realise how far you've strayed from the concerns of people you're supposed to represent. The writer is the author of The Butterfly Generation: A Personal Journey into the Passions and Follies of India's Technicolor Youth, and the editor of House Spirit: Drinking in India.
India.com
a few seconds ago
- India.com
Meet Yamini Rangan, once used to serve food, had no money to pay rent, now CEO of Rs 214669560000 company, her net worth is Rs…, company is…
Yamini was born in Coimbatore, Tamil Nadu did her Bachelor's in Computer Engineering from Bharathiar University. At the age of 21, she decided to move to the United States with big dreams, but very little money. Yamini Rangan Journey In US Upon arriving in the US, Yamini had no job and just $150 in hand. She faced cultural shocks and financial pressure. Most of her early income went on rent, didn't have much money to survive. She worked as a food server in a football stadium in Atlanta without taking any money from her parents. She earned an MBA from the Haas School of Business, University of California, Berkeley. This education helped her later in her career. Yamini Rangan Career Yamini started working with leading global tech firms like Lucent Technologies, SAP, Workday, and Dropbox. She developed her niche in customer success, product strategy, and digital transformation along with technical expertise. Yamini As CEO Of HubSpot Yamini joined HubSpot in 2020 as Chief Customer Officer. Within a year, she was promoted to CEO of a rare feat in the corporate world. A software firm valued at $25.66 billion (Rs 2.14 lakh crore). Taking over during the COVID-19 pandemic, she developed the company's as a customer-first approach with an inclusive workplace culture, and introduced innovative product strategies. Yamini Rangan's Net Worth According to QuiverQuant, Yamini Rangan's net worth is around Rs 484 crore. She's now regarded as one of the highest-paid Indian-origin women CEOs in the U.S. and regularly features in global power and leadership lists.
Economic Times
a few seconds ago
- Economic Times
Signature Global to launch homes worth Rs 6k cr in Gurugram in Jul-Sep: Chairman
Realty firm Signature Global plans to launch homes worth Rs 6,000 crore for sale in Gurugram in the current quarter to cater to the demand from end-users and investors. ADVERTISEMENT Signature Global was the fifth-largest listed real estate firm in 2024-25, in terms of sales bookings, falling behind Godrej Properties, DLF, Lodha Group and Prestige Estates Projects Ltd. The company had clocked record pre-sales of Rs 10,290 crore last fiscal. In an interview with PTI, Signature Global Chairman Pradeep Kumar Aggarwal said the company launched one housing project in Gurugram during the June quarter with total revenue potential of around Rs 3,500 crore."We are planning to launch 3.5-4 million square feet in the current quarter. The total sales potential would be around Rs 6,000 crore," he said the demand continues to be strong, especially for good brands. ADVERTISEMENT "The maximum demand is in the Rs 2-4 crore category," he observed. Recently, on the sidelines of a real estate conference, Aggarwal asserted that there was no bubble in the Gurugram housing market and ruled out any price crash. ADVERTISEMENT Aggarwal remains confident of achieving its target to sell Rs 12,500 crore worth of homes this fiscal, even as its pre-sales dipped 15 per cent in the June the April-June quarter, the company reported a 15 per cent decline in sales bookings to Rs 2,640 crore from Rs 3,120 crore in the year-ago period. ADVERTISEMENT The company sold 778 homes in April-June 2025 against 968 units a year terms of volumes, pre-sales dipped 20 per cent to 16 lakh square feet. ADVERTISEMENT During the June quarter, the average sales realisation stood at Rs 16,296 per sq ft compared to Rs 12,457 per sq ft in the last fiscal. To expand business and refinance debt, Signature Global is also looking to raise Rs 875 crore through the issue of non-convertible debentures. It posted a net profit of Rs 101.2 crore in the last fiscal, a sharp jump from Rs 16.32 crore in the preceding total income grew to Rs 2,637.99 crore in the last fiscal from Rs 1,324.55 crore in 2023-24. Signature Global has delivered 14.6 million sq ft of real estate so far. Another 10.4 million square feet is under construction. PTI (You can now subscribe to our ETMarkets WhatsApp channel)
