Hyderabad, Sept. 22 -- Telangana Chief Minister A Revanth Reddy on Monday demanded that the Union government compensate for the revenue loss of Rs 7000 crore to Telangana with the introduction of the new GST structure of rate rationalisation.

Declaring the profit share bonus to Singareni Employees today, the Chief Minister said that the GST rate rationalisation will have an adverse impact on the state revenues.

"The Centre should come to the rescue of the states which bear the brunt of the new GST structure. We are demanding that the centre address the concerns raised by the Telangana State on losing revenues after the introduction of the GST rate rationalisation," he said, as per a release.

Announcing that the state government will al...