BREAKING NEWS

AP’s Revenue dips from 14% to 5% in just 3 months

As promised that he would bring the much needed "change", Chief Minister Y.S. Jaganmohan Reddy seems to be failing to deliver on his promises even before finishing 100 days in government. In fact, his government's moves have only turned out to be counter-productive for the state and its people. 
 
All this is evident in the revenue earnings of the state which plummeted drastically as sale of sand and other material has completely dipped following the Chief Minister's interference in the sand policy. Not only has this halted almost all the construction activity in the state but also is directly affecting the state's development. 
 
In a review meeting held with officials from revenue earning departments, Jagan was informed that there is a drastic fall in revenue. It has come down in the last three months from 14% to 5.3% due to fall in the sale of iron, cement and steel. 
 
Officials informed the Chief Minister that the fall was due to recession in construction activity and expressed confidence that the sale of these products would go up from September with the government launching its new industrial policy.
 
In vehicle sector too, the GST share has come down because of the slowdown in automobile industry. The officials expressed confidence that the GST from this sector would pick up by the end of the current financial year. The officials said that they were expecting a GST revenue of Rs. 597 crore in the first week of September.
 
The CM asked the officials of the stamps and registrations department to end corruption. He said hardships that people face in property transactions should be removed. He said he had promised to end corruption in his government during his padayatra and wanted the officials to ensure that no corruption is reported in the department. 
 
He wanted senior officials to monitor the offices of sub-registrars where the officials charge people for every registration. He wanted them to stop this corruption, failing which he would take serious action.
 

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