In Hyderabad, the Bharat Rashtra Samithi (BRS) has fiercely criticized the current Congress government, accusing them of “auctioning off Telangana’s future.” The BRS alleges that the state is being plunged deeper into debt due to the Congress’s reckless large-scale borrowings over the past 22 months.
This strong reaction from the BRS comes after the Reserve Bank of India (RBI) released its indicative calendar for market borrowings. This calendar reveals the Telangana government’s intention to raise a significant ₹9,000 crore by selling securities in the open market during the October-December quarter. As elaborated by BRS MLC Dasoju Sravan Kumar, the government plans to secure ₹2,000 crore in both October and November, followed by a substantial ₹5,000 crore in December.
In a statement released on Monday, Mr. Sravan asserted that the Congress administration isn’t fostering Telangana’s growth but rather “selling it off piece by piece.” He further accused the government of prioritizing immediate cash flows over sustainable, long-term development, claiming that Chief Minister A. Revanth Reddy is transforming the state into a “debt-ridden entity.”
The BRS leader highlighted a stark contrast: instead of actively attracting investors or stimulating job creation, the government appears focused on mortgaging the state’s future. He pointed out that after borrowing ₹6,000 crore in September, there are now plans for an additional ₹9,000 crore in borrowings, all without clear allocations for wealth generation or developmental projects.
According to official figures cited by the BRS leader, the state government had already secured ₹15,500 crore last month through various bonds. This brings Telangana’s total borrowings for the 2025-26 fiscal year to ₹33,415.15 crore as of August 31, representing almost 62% of the ₹54,000 crore borrowing limit earmarked for the current financial year.