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Telangana CM urges Jaitley to hike cap on borrowings

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New Delhi/Hyderabad: Telangana Chief Minister K. Chandrasekhar Rao on Tuesday met Union Finance Minister Arun Jaitley in New Delhi and urged him to hike the cap prescribed by Fiscal Responsibility and Budget Management (FRBM) Act for raising loans.

The chief minister also discussed the issues of the central government’s help for the state’s development and allocation of funds under various central schemes.

Jaitley told reporters after the meeting that the chief minister made certain suggestions with regard to raising resources for the state and methodologies for the same.

“He wants the FRBM’s limit for the state to be raised. He gave documents in support of that. Expenditure department will consider the feasibility,” Jaitley said.

KCR, as the chief minister is popularly called, said the central government should relax the FRBM norms and allow the state to borrow loans up to 3.49 percent of Gross State Domestic Product (SSDP) against the existing limit of less than 2.7 percent.

The state’s representative in the national capital Venugopala Chary said KCR reiterated the requests made earlier.

KCR also sought the central government’s help for drought relief and more allocation of funds for Mission Kakatiya and Jalaharam, the flagship programmes of the state government for development of irrigation and drinking water supply.

The chief minister also called for more funds for the development of backward districts of the state.

KCR later in the day will attend a meeting of the sub-committee of Niti Aayog (National Institution for Transforming India) on devolution of funds to states and centrally sponsored schemes.

KCR had earlier urged Niti Aayog to relax the FRBM norms so that the state could borrow more loans for taking up development schemes.

He is of the view the FRBM guidelines for raising resources through borrowings for revenue surplus states should be on a par with the central government.

The chief minister said such a relaxation would enable the newly-created states to invest in capital infrastructure to improve the economic growth.

(IANS)

 

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Microsoft Unveils e-commerce Portal For Telangana’s Handloom Weavers

Weavers are trained in the use of natural dyes to enable them to make newer and sustainable handwoven products to meet the demands of the socially and environmentally aware consumer

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Microsoft
Microsoft launches e-commerce portal for Telangana's handloom weavers. Pixabay

In a bid to empower handloom weavers in Telangana, Microsoft India on Saturday announced the launch of a new e-commerce portal that will help the weavers optimise operations and engage better with customers.

The “re-weave.in” will host signature collections created by the weaver communities, and showcase traditional designs and products created from natural dyes.

“With the introduction of our new e-commerce platform, digital empowerment centres and the new design curriculum, the weavers will be able to build on the rich handloom heritage of India and also reach out to a wider customer base,” Anil Bhansali, Managing Director, Microsoft India (R&D) said in a statement.

This e-market place would help sell to a broad set of customers, which would support the weavers by increasing their income and earning a sustainable livelihood while simultaneously reviving traditional but forgotten Indian art.

Microsoft also partnered with the National Institute of Fashion Technology (NIFT) to curate a special curriculum in ‘CAD and Colour for Handloom Weaving’ to provide digital training in handloom design.

The tech giant has also been steadily expanding digital empowerment centres to more weaver clusters in the state.

Microsoft, Taiwan AI
A man walks past a Microsoft sign set up for the Microsoft BUILD conference at Moscone Center in San Francisco, April 28, 2015. Microsoft says it’s requiring its U.S. suppliers to offer their employees at least 12 weeks paid leave to care for a new child. The company announced the new parental leave policy Thursday. VOA

“ReWeave ties very well into Microsoft’s mission to empower every person and every organisation in the communities we work in by using Project Sangam — our Azure based technology solution and expertise to democratise opportunities and bridge the digital divide,” Bhansali said.

The first batch of 100 handloom weavers at NIFT have been awarded certificates for successful design course completion.

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“These initiatives like e-commerce marketplace and design training will enable weaver communities to sustain themselves and provide livelihood to artisans,” said Jayesh Ranjan, Principal Secretary, Industries & IT, Telangana.

“This also is a practical solution to motivate younger generation of weavers to continue with their traditions and not divert into other professions,” Ranjan said.

Project ReWeave also aims to help the weavers with working capital support through non-profit organisations.

Weavers are trained in the use of natural dyes to enable them to make newer and sustainable handwoven products to meet the demands of the socially and environmentally aware consumer.  (IANS)