Overview

• Chief Minister A. Revanth Reddy declared Telangana on the brink of financial collapse, citing an inability to secure loans due to damaged creditworthiness.
• Reddy blamed the previous BRS government for leaving ₹8,500 crore in unpaid retirement benefits, massive arrears, and high-interest loans.
• BRS leader K. T. Rama Rao criticized Reddy for 'intellectual bankruptcy' and inefficiency, accusing him of tarnishing Telangana’s reputation.
• The BJP demanded Reddy's resignation, alleging he misled voters with unfulfilled promises and mishandled the fiscal crisis.
• Employee unions, frustrated by delayed payments, are holding off on strikes as the government pledges transparency and fiscal discipline.