Hyderabad February 03
In a significant development, the newly formed government is set to collaborate on fortifying the financial and power sectors in the state. Chief Economist Montek Singh Ahluwalia’s team engaged in discussions with CM Revanth Reddy and Deputy CM Mallu Bhatti Vikramarkal, focusing on implementing six guarantees without burdening the public financially.
During Saturday’s meeting, CM Revanth Reddy, Dy CM Mallu Bhatti Vikramarku, and the noted economist Montek Singh Ahluwalia explored strategies for the annual budget, emphasizing the importance of the Abhaya Hastam initiative. The government leaders outlined the financial requirements for these prestigious guarantees aimed at specific communities.
Ahluwalia’s team delved into the possibilities of raising funds to ensure the successful implementation of the schemes without imposing additional financial strain on the state’s residents. The discussion also addressed enhancing financial efficiency, combating tax evasion, and exploring alternative means of resource generation.
Highlighting their collaboration with the Telangana government, Singh’s team analyzed factors contributing to income disparities in the state compared to others. The team recommended measures for capacity building within the Planning Board, emphasizing the need for detailed planning under the new government.
The discussions extended to the energy sector, particularly in light of climate change concerns. Detailed deliberations unfolded on the potential of solar power and alternative electricity production methods. Singh expressed readiness for collaboration, stating his company’s commitment to working with the state government to enhance efficiency in the power sector.
This collaborative effort signals a proactive approach by the government to address financial challenges and bolster crucial sectors for the benefit of the state’s communities.
