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Union Budget dashes hopes of Telangana


Monday's Union Budget was a big disappointment for the Telangana state government, which was looking forward to a host of benefits for the youngest state of the country. Though Chief Minister K. Chandrasekhar Rao did not react publicly on the Budget, he held an emergency meeting with a few ministers and senior officials at his camp office to assess its impact on TS and its implications on the state's annual Budget, set to be presented to the Legislature in the second week of March.

Mr Rao and finance minister Etela Rajender had visited New Delhi two weeks ago to submit a long wish-list to Prime Minister Narendra Modi and finance minister Arun Jaitley. Mr Rao had specifically submitted a representation to Mr Modi seeking national status for the Pranahita-Chevella irrigation project (being redesigned as Kaleshwaram project) by allotting Rs 70,000 crore, and relaxation of the FRBM norms to secure more loans.

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