Union Minister for Coal and Mines G. Kishan Reddy commended the announcement of three high-speed rail corridors connecting Hyderabad to other cities in the Union Budget. He highlighted the significance of these corridors in driving Telangana’s economic development. The Budget unveiled a total of seven high-speed rail corridors across India, aiming to foster growth.
Expressing gratitude towards Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman, Kishan Reddy lauded the inclusion of Hyderabad-Pune, Hyderabad–Bengaluru, and Hyderabad–Chennai high-speed corridors. He emphasized that these initiatives position Hyderabad at the heart of India’s high-speed rail network. These corridors are expected to enhance travel efficiency, promote job creation, boost economic activities, and propel Telangana’s economic progress.
Kishan Reddy, in a statement, dismissed criticisms regarding the absence of allocations for the expansion of Hyderabad Metro Rail. He clarified that a separate budget allocation is earmarked for the Metro Rail project, pending Cabinet approval. He mentioned that upon submission of a Detailed Project Report (DPR), funds from the Ministry of Urban Development would be released for the Metro Rail expansion.
The Union Minister highlighted various benefits for Telangana outlined in the Budget. He noted that farmers in Telangana would benefit from increased subsidies on fertilizers and highlighted a scheme that would support the Kakatiya Textile Park in the state. Additionally, he mentioned the announcement of 33 girls’ hostels for Telangana, aligning with the Centre’s initiative to establish a hostel in every district. Kishan Reddy also pointed out the advantages of the tax holiday for data centers and the reduced interest rates on overseas education, particularly benefiting Telugu students.
Kishan Reddy underscored the Budget’s reinforcement of cooperative federalism by allocating 41% of the divisible tax pool, totaling Rs 15.2 lakh crore for 2026-27. For Telangana, the devolution for FY 2026–27 amounts to Rs 33,180.78 crore, marking a substantial 13.5% increase from the previous fiscal year.
