Telangana Minister for Finance and Health T. Harish Rao has remarked that the claims made in a powerpoint presentation by Union Minister G. Kishan Reddy on the devolution of funds from the Centres to Telangana were baseless and filled with falsehood.
In a rebuttal to the Union Minister’s claims made on Saturday, Mr. Harish Rao said the former had displayed his frustration by resorting to blatant lies by claiming even the loans borrowed by the State government and the loans given to individuals in the Centre’s devolution account.
“One of his claims revolves around personal loans sanctioned by banks. The Central government, represented by Mr. Kishan Reddy, should be ashamed of taking credit for loans extended to individuals”, the Minister said. He reiterated that devolution of tax share was the Constitutional right of States and it was not a part of the Consolidated Fund of India.
