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Telangana Rules Out GHMC Split, Rejects Debt-Motive Allegations

The minister said GHMC owes ₹4,717.81 crore as of December with loan restructuring talks underway.

Overview

  • Industries Minister D. Sridhar Babu told the Assembly there is no official plan to divide the Greater Hyderabad Municipal Corporation.
  • The government said it is expanding the corporation by merging 27 urban local bodies, countering speculation about creating three separate entities.
  • Officials dismissed opposition claims that a reorganization would be used to raise fresh loans or involve external consultancies or merchant bankers.
  • GHMC’s outstanding debt stands at ₹4,717.81 crore as of December 31, with no new borrowing in the past 12 months and consultations in progress to reduce interest costs.
  • Sridhar Babu criticized the BRS for boycotting proceedings and for remarks against Speaker G. Prasad Kumar, urging the Chair to consider action.