Amid tight fiscal, Revanth Reddy, as CM of Telangana, tasked with delivering 'six' guarantees
Telangana PCC President A Revanth Reddy who is set to take over the reins of the state from Thursday will have a daunting task of making the bleak coffers ring to be able to fulfill the «six guarantees» that the Congress party gave during the run up to the recently concluded assembly polls.
Besides, he also has many political challenges to confront. The Congress's robust campaign highlighting the six guarantees is said to have been one of the reasons for the party to mark its victory in the state.
However finding the funds to fulfill them will be a herculean task. The most attractive among the «six» is free travel for women in Telangana State Road Transport Corporation buses.
Sources in the state government told PTI that according to a rough estimate, the RTC earns Rs 2,500 crore annually through women passengers.
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- If the scheme is to be implemented, the Congress dispensation will have to replenish the same amount to the corporation which is reeling under accumulated losses of Rs 6,000 crore.
The RTC, which was limping with a debt burden, started booking operational profits after the present managing director VC Sajjanar took over in August 2021. The party promised to waive up to Rs two lakh farm loan. The BRS government had budgeted Rs 21,000 lakh crore to waive up to Rs one lakh.
As per the calculation, the Congress government
