Polls over, now hikes in Telangana!

May 21, 2016 08:00
Polls over, now hikes in Telangana!

The Telangana government is reportedly going to announce some key decisions, on June 2nd, the state formation day.

A few of the key proposals like power tariff, RTC fares, property tax etc are kept on hold for the last two years, perhaps due to the back to back elections in Telangana. Now, as there are no elections in the near future, and the oppositions are pushed to the corner, the decisions on all such hikes are expected to take a move between June and August.

Several municipal corporations and municipalities, barring the GHMC, are in deep financial crisis, as the property tax had no revision for nearly 14 years. They are reportedly seeking hike in the range of 10% to 30%.

The hike proposals have already been reached CM’s office in January itself, but are kept on hold, due to the series of civic bodies elections. In 2015-16, the corporation reportedly suffered a loss of Rs. 700 crore and has been seeking Rs. 10% bus fare hike since last October.

It is to be noted that, though APSRTC hiked the bus fares in last November, TSRTC did not make any move due to the polls. The fee revision for MBBS, BDS, B.Tech, MBA and other professional courses is also expected very soon.

Adding to it, even the revenue department, from July 2014, has been seeking increase in land value which was kept pending till date. The hike may be witnessed from August this year.

Even power tariff will have the hike this year, as the TS Power Distribution Companies have already sought permission from TSERC to hike tariff to raise an additional Rs 1,958 crore in financial year 2016-17.

Not stopping there, the TS Discoms said their annual revenue requirement was Rs 30,207 crore, while expected revenue from current tariffs was only Rs 21,418 crore.

The discoms would ultimately collect even this revenue deficit from consumers in a phased manner in the next few years, the analysts said.

By Phani Ch

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