Telangana state in deep financial crisis
Telangana, a southern state in India, is currently facing a deep financial crisis due to a combination of factors, including the COVID-19 pandemic, reduced revenues from the Goods and Services Tax (GST), and high expenditure on social welfare schemes. The state’s debt has increased to over Rs. 3.5 lakh crore, and the government has been forced to take measures such as borrowing from the Reserve Bank of India and postponing payments to contractors and suppliers. The crisis has led to protests by government employees, who have not received their salaries and pensions on time. The state government is now under pressure to find a solution to the crisis and stabilize the state’s finances.
