Last year when Delhi’s ruling Aam Aadmi Party hiked the salaries of its MLAs by 400 per cent, they became the butt of jokes and the target of critics. They can now grin from ear to ear because they have compatriots down south who have done the same thing.
Telangana’s ministers will become richer by 400 per cent through a salary hike.
The Member Amenities Committee of Telangana assembly has decided to recommend the government to raise salaries of MLAs and MLCs from 1.25 lakh to 3.50 lakh.
Obviously, Chief Minister K Chandrasekhar Rao too will be a beneficiary of the raise.
The catch is that they’ll have to borrow heavily to be able to do so.
Telangana is under a debt burden of over Rs.1.3 lakh crore, of which around Rs.84,000 crore was accumulated in the two years since the formation of the state under TRS rule.
Deputy Chief Minister M Mahmood Ali had earlier remarked that the hike was necessary owing to a long pending demand from legislators.
And where will they borrow money from? Why, the banks, of course! And they include Dutch multinational Rabobank and Japan International Cooperation Agency (JICA) among others.