Visible growth in AP income

There were apprehensions that residuary AP state that lost Hyderabad to Telangana state may take years to recover from its financial losses. The consequent financial crunch faced by the state post bifurcation also strengthened those apprehensions. However, there is visible growth in the state revues said officials of Commercial taxes, Excise, Transport, Mines, Forest, Stamps and Registrations departments to Chief Minister Chandrababu Naidu during a recent meeting.

According to them, the total revenue generated from the 13 districts of the state during the current financial year is Rs. 12,881 crores where as it was Rs.11, 313 in the last year in the same period, which means there is Rs.1, 368 growth in the state revenue.

Commercial Taxes: Rs. 6207 crores (Rs. 5, 858 crores first quarter in the last year.); Rs. 6673 crores (Rs. 5, 454 crores in the second quarter last year.)

Excise Department: Rs. 1,700 crores including first and second quarters of current financial year. Stamps & Registrations: 1, 318 crores

Transport: Rs.888 crores

Mining: Rs.426 crores

Revenue: Rs.94 crores

Forests: Rs.21 crores

Hence, there is 17.6 percent growth in state revenues during the second quarter of the current financial year, said the officials.