India, Sept. 23 -- Telangana chief minister A Revanth Reddy on Monday demanded that the Central government compensate for the revenue loss of Rs.7,000 crore caused to Telangana following the introduction of the new GST regime.

Speaking after announcing profit-sharing bonus to the Singareni Collieries Company Ltd (SCCL) employees at the state secretariat, Revanth Reddy said the GST rationalisation would 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 to address the concerns raised by Telangana on losing revenue to the extent of Rs.7,000 crore after the introduction of the new GST structure," he said.

The chie...