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Hindustan Times
3 days ago
- Business
- Hindustan Times
Telangana CM plans to build $1 trillion state economy in 10 years
Hyderabad Telangana chief minister A Revanth Reddy on Monday said his government has prepared an action plan – Telangana Rising -2047 – aimed at developing the state into a US $3 trillion economy by 2047, in tune with the Central government's target of making India a US $30 trillion economy. Addressing the gathering after unfurling the national flag on the occasion of 12th Telangana formation day celebrations, Revanth Reddy said the state government is working on mission mode to play a pivotal role in the development of India as an economic super power by 2047. 'As part of it, the Telangana Rising -2047 action plan was already prepared and decided to promote the state as a US $1 trillion economy in the next 10 years and a US $3 trillion economy by 2047. Telangana Rising mission is regarded as the main instrument to achieve robust growth,' he said. He said his government had inherited a completely dismantled system from the previous regime and taken the responsibility of streamlining every sector. 'We have made the reconstruction of Telangana a big challenge to fulfill the aspirations of people,' he said. Revanth Reddy said his government had restored the systems in various sectors one after the other, including appointment of full-time vice-chancellors to various universities, filled up vacant government jobs by overhauling the Telangana State Public Service Commission and constituted the Education Commission, Agriculture Commission and Information Commission, Lokayukta and human rights commission to ensure that the systems function independently. At the same time, the chief minister claimed, his government had taken steps to empower women by introducing the Indira Mahila Shakti scheme, proposing to distribute ₹ 1 lakh crore to women for taking up employment generation programmes, of which ₹21,000 crore had already been distributed. 'Women self-help groups are encouraged to set up solar power generation units, operate petrol pumps, establish Mahila Shakti canteens and take up stitching of the school uniforms and school management. We have also been providing free bus travel for women in RTC buses,' he said. The chief minister also explained the initiatives being taken for the farming community, such as waiver of farm loans up to ₹ 2 lakh, enhancement of Rythu Bharosa to ₹12,000 per acre and provision of financial assistance of ₹ 12,000 to landless labour. 'The provision of bonus of ₹ 500 per quintal to the fine variety of paddy resulted in a record production of 268 lakh metric tonnes this year,' he said. He also explained in detail other programmes of his government like introduction of Bhu Bharati 2024 act, conduct of caste survey, enactment of a law for the enhancement of the OBC quota in the assembly and legislative council, implementation of SC sub-categorisation etc., and efforts to attract large scale investments to Telangana in the last one year. On the occasion of Telangana formation day, Revanth Reddy felicitated nine eminent personalities who played a major role in the separate Telangana movement with a shawl and a cheque of ₹1 crore each. While Aekka Yadagiri Rao, Andesri, Suddala Ashok Teja, Jayaraju and Pasham Yadagiri received the awards personally, family members of deceased awardees Guda Anjayya, Gaddar and Bandi Yadagiri, besides daughter of poet Goreti Venkanna who is away on foreign tour, received the awards.
Hans India
3 days ago
- Business
- Hans India
Telangana will be a $3 trn economy by 2047: Revanth
Hyderabad: Chief Minister A Revanth Reddy has asserted that Telangana will be playing a pivotal role in the nation's economic growth, considering that the state is now in a mission mode to become a $ 3 trillion economy by 2047. As part of the Telangana Formation Day celebrations on Monday, Revanth Reddy hoisted the tricolour at the Parade Grounds, after paying tributes to Telangana martyrs. Addressing the gathering later, he reiteratad Telangana Raising – 2047 action plan and said that the State government was not only promoting the State as one that would become a $1 trillion economy over the next 10 years, but also as one that would become a $3 trillion economy by 2047. 'Telangana Raising is regarded as the main instrument to achieve robust growth. The government has formulated plans to develop Telangana as the number one developed state in the country as well as in the entire world,' he said, while exhorting everyone's contribution to him in delivering transparent administration and ensuring comprehensive development of the state. The Chief Minister recalled how Telanganites had struggled for decades to achieve statehood for the larger purpose of attaining emancipation, freedom, and equal opportunities. However, their aspirations remained unfulfilled despite the lapse of 10 years after the formation of Telangana state. 'Vexed Telangana people dethroned the dictatorial rule and gave a big mandate to the progressive People's government,' he said in a veiled reference to the previous BRS regime. Revanth Reddy underscored the role of women and said that the state government already unveiled plans to make one crore women as millionaires and introduced the Indira Mahila Shakti scheme for the economic empowerment of the women community. He said for generating employment opportunities for youth, the Young India Skills University was established for development of skills among the youth and added that a Sports University would be opened soon to train youth as talented sportspersons could win Olympic medals. Revanth Reddy said that the government had formulated plans to develop Future City in over 30,000 acres with state- of-the-art facilities. AI City, Pharma City, Sports City, Life Sciences and Health City were also being developed, he added. The Future City Development Authority had been constituted to take up such big projects. On housing to the poor, the Chief Minister outlined the government's initiatives and said that the government was extending the Rs 5 lakh scheme benefit to beneficiaries under the Indiramma Housing scheme. 'The government is heading fast to construct 4.50 lakh Indiramma Houses with an outlay of Rs 22,500 crore. Rs one lakh scheme benefit had been disbursed to beneficiaries based on the status of the house construction. Rs 53.64 crore had been deposited in 5,364 beneficiaries' bank accounts until May 20 this year,' he mentioned. Revanth Reddy said that the government was moving fast to promote the youngest state of Telangana as the best destination for global investments. 'We have achieved a remarkable milestone in attracting investments from global giant companies during my Davos, Singapore and Japan visits. State government inked agreements with various companies for more than Rs 3 lakh crore investments. IT giants like Google, Microsoft, Cognizant and HCL are already expanding their operations in Hyderabad. This could be the first stepping stone under the Telangana Raising,' he added. On the occasion, the Chief Minister presented cash awards of Rs 1 crore each to nine eminent personalities for their contributions to the Telangana movement. Amongst the recipients include balladeer Gaddar, poet-singer Guda Anjaiah, and revolutionary poet Bandi Yadagiri. Their family members received the award posthumously. Among other recipients were artistes Ande Sri, Suddala Ashok Teja, Jayaraj, Ekka Yadagiri Rao and Pasham Yadagiri (senior journalist). Noted poet and singer Goreti Venkanna, was represented by his daughter at the ceremony, as he is currently on a foreign tour. The Kaloji Award was given to poet Nalimela Bhaskar for his contributions to literature.
The Hindu
4 days ago
- Business
- The Hindu
People's government is firm in its resolve to rebuild State, realise the dreams of Telangana martyrs: D. Sridhar Babu
Affirming the commitment of the Congress government to rebuild Telangana to realise the dreams of martyrs of Telangana Statehood movement, IT and Industries Minister D. Sridhar Babu has said the Telangana Rising-2047 action plan will propel Telangana's inclusive growth. Speaking at the Telangana Formation Day main ceremony held at the police parade grounds in Karimnagar on Monday (June 2), the Minister said it is our responsibility to cherish the memories and indomitable spirit of the martyrs of Telangana movement, carry forward their legacy and realise their vision. He reiterated that the people's government will support the bereaved families of the Telangana martyrs. He added that the vision document presented by Chief Minister A. Revanth Reddy at the recently held NITI Aayog meeting envisages welfare of poor, progressive policies, development of world-class infrastructure and good governance. The State government has already initiated a string of key initiatives, including the Welfare and Social Justice policy, Green Energy Policy, Infra and Industrial Policy, and Tourism Policy in this direction to position Telangana as a progressive State, he added. 'Our government succeeded in unveiling the growth potential of Telangana at several international fora, including the WEF Davos, thereby attracting huge investments with a thrust on economic growth and job creation,' he said. Mr. Sridhar Babu added that the prestigious global events, including BioAsia-2025, AI Global Summit and Miss World beauty pageant, were organised successfully in Hyderabad. He said the landmark welfare initiatives of the State government such as Indira Mahila Shakti, Maha Lakshmi free travel for women in TGSRTC buses, Rythu Barosa, Rajiv Yuva Vikasam and Bhu Bharati are the hallmarks of the inclusive welfare agenda of the people's government. Karimnagar Collector Pamela Satpathy, Commissioner of Police Gaush Alam and others were present.
The Hindu
7 days ago
- Business
- The Hindu
Stree Nidhi approves ₹2,350 crore credit plan for 2025-26; Seethakka assures action on staff recruitment
HYDERABAD Stree Nidhi Credit Cooperative Federation Ltd. approved an annual credit plan of ₹2,350 crore for the financial year 2025-26 at the 46th Managing Committee meeting held here on Friday. This plan will provide financing for integrated dairy and poultry development, food processing activities under the PMFME (Pradhan Mantri Formalisation of Micro Food Processing Enterprises) scheme, micro-enterprises, climate-resilient livelihoods, housing, support for Farmer Producer Organisations (FPOs), canteens, and rooftop solar units. These interventions form part of the Indira Mahila Shakti programme. Addressing the meeting, Panchayat Raj and Rural Development Minister Danasari Anasuya (Seethakka) assured to clear the file pertaining to recruitment of the staff soon. A state-level coordination committee will be constituted soon and would have the CEO of the Society for Elimination of Rural Poverty (SERP), MD of Stree Nidhi, CEO of Telangana Mahila Abhivruddhi Samstha (TMAS), and two directors of Stree Nidhi. The committee will work on streamlining coordination with SERP and the Mission for Elimination of Poverty in Municipal Areas (MEPMA). It was proposed that the government be approached to provide a 4% interest subvention on loans extended to SHG members for rooftop solar units. The subvention is expected to be drawn from dividends payable to the government on its equity in Stree Nidhi. Reinforcing its core mandate, the federation aims to establish itself as a reliable financial institution for SHG women, offering timely credit to meet both income-generation needs and emergency requirements. Financing support will also be extended to 3,000 local cable operators connected through the Telangana Fiber Grid Corporation (T-Fiber). SERP CEO Divya Devarajan, and Stree Nidhi MD Vidyasagar Reddy, among others, attended the meeting.
The Hindu
01-05-2025
- Business
- The Hindu
Sridhar Babu inaugurates mobile canteen and other women-led business units in Manthani
The Congress government is implementing a slew of key initiatives to encourage members of women self-help groups (SHGs) to set up business units under the Indira Mahila Shakti scheme for their economic empowerment, said IT and Industries Minister D Sridhar Babu. He was speaking after inaugurating a mobile canteen, a stitching unit, and a women's garment shop, set up under the government's flagship Indira Mahila Shakti scheme in Manthani town of Peddapalli district on Thursday. Peddapalli Collector Koya Sree Harsha and others were present. Mr. Sridhar Babu said that the State government is promoting entrepreneurship among women by providing financial help, training and skill development to enable them run the women-led enterprises successfully and achieve economic independence. He said as many as 410 Indiramma houses have been sanctioned to homeless poor people under the first phase of the Indiramma Housing Scheme in Manthani town.
