Hyderabad Nov 15 : Due to the demonetization of 500 and 1000 rupee notes, the government of Telangana has been facing a huge economic crisis, which infact, effected the monthly income of the state all around 9000 crore.
On viewing the present situations, C.M. K Chandrasekhar held a meeting with the state officials on - how to deal with the situations.
It seems they discussed on various aspects of Modi's move, the Telangana state govt came to a conclusion.
The T-govt giving 25-50% salary cut for the state employees and pensioners to decrease the deficit. Although the government decided to return back the amount to the employees after lowering the deficit.
In stopping the registrations and tax the state govt has a deficit of 4000 crore in the revenue.More over 3.5 lakh employees are effecting due to this demonetisation. The C.M. called on Narasimham to discuss about economic crisis .