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Revanth Credits Rosaiah’s Financial Stewardship for Telangana Surplus Budget
Chief Minister A. Revanth Reddy praised former chief minister K. Rosaiah for managing money carefully.
He said this helped Telangana have ₹16,000 crore left over when Andhra Pradesh was divided in 2014.
Rosaiah had worked as the finance minister of undivided Andhra Pradesh for many years.
Revanth also remembered Rosaiah’s advice when he was starting his political career.
Some people questioned why Rosaiah’s statue was placed in Hyderabad because he was associated with Andhra Pradesh.
Revanth said Rosaiah had lived in Hyderabad for 40 years and regarded it as his home.
He also praised Mahatma Gandhi and the Arya Vysya community.
Revanth promised help for building a community hall in Hyderabad.
Chief Minister A. Revanth Reddy credited K. Rosaiah’s financial management with helping Telangana have a surplus budget of ₹16,000 crore at the 2014 bifurcation.
Revanth said Rosaiah served as the finance minister of undivided Andhra Pradesh through several changes in chief ministers.
He defended installing Rosaiah’s statue in Hyderabad, saying Rosaiah considered the city his home and that prominent leaders transcended regional boundaries.
Revanth recalled Rosaiah’s personal advice and encouragement when Revanth was a Legislative Council member.
At the foundation-stone ceremony for the Arya Vysya Atma Gourava Bhavanam, Revanth promised government assistance and praised the community’s social contributions.
- Who
- Chief Minister A. Revanth Reddy, former chief minister K. Rosaiah, the Arya Vysya community, and leaders associated with undivided Andhra Pradesh.
- What
- Revanth Reddy credited Rosaiah’s financial stewardship for Telangana’s ₹16,000 crore surplus at bifurcation and announced support for the Arya Vysya Atma Gourava Bhavanam.
- Where
- At Uppal Bhagayat in Hyderabad, Telangana.
- When
- Saturday; the surplus was referenced as having existed at the time of the 2014 bifurcation.
- Why
- Revanth was honouring Rosaiah’s legacy, recognising the Arya Vysya community, and supporting construction of its Atma Gourava Bhavanam.
Government’s Rationale
Critics’ Concern
Rosaiah statue in Hyderabad
Government’s Rationale
Revanth Reddy said Rosaiah deserved to be honoured in Hyderabad because he had lived there for 40 years, regarded it as his home, and represented a legacy that transcended regional boundaries.
Critics’ Concern
Critics questioned the statue’s installation because Rosaiah was associated with Andhra Pradesh after the state’s bifurcation.
Key facts
- Speaker
- Chief Minister A. Revanth Reddy
- Former leader honoured
- K. Rosaiah
- Surplus cited
- ₹16,000 crore at the time of the 2014 bifurcation
- Rosaiah’s role
- Finance minister of undivided Andhra Pradesh for 16 years
- Event
- Foundation stone ceremony for the Arya Vysya Atma Gourava Bhavanam
- Location
- Uppal Bhagayat, Hyderabad
- Government commitment
- Assistance for construction of the Arya Vysya Atma Gourava Bhavanam
Quotes
A. Revanth Reddy
Chief Minister of Telangana
“We installed the statue of Rosaiah in the heart of Hyderabad to honour and uphold his legacy after the bifurcation of Andhra Pradesh. Rosaiah always maintained that he has been staying in Hyderabad for 40 years and declared the city as his home during good and difficult times”
deccanchronicle.com
“It was the Congress that gave Rosaiah the opportunity and the respect he deserved. Despite multiple chief ministers changing over a 16-year period, Rosaiah remained the steadfast finance minister of undivided Andhra Pradesh”
deccanchronicle.com
Sources
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