How Andhra Pradesh improved its revenue during Coronavirus pandemic? - NTv
Tue, Sep 15, 2020, 11:42 AM
AMARAVATI: Amid the Coronavirus pandemic, Andhra Pradesh is facing a major financial challenge and witnessed Rs 15,000 crore for the past five months. On the other hand, the expenses to fight against Coronavirus become a burden on the state exchequer. YS Jagan government ordered officials to look after the funds to implement the welfare schemes in the state and now officials are focusing on how to increase the revenue of the state without laying a burden on the common man.
Reports said that the AP government took a loan of Rs 31,000 crore and earned Rs 15,000 crore of revenue after increasing taxes. The government plotted a plan to earn an extra amount of Rs 3,000 crore. After easing the lockdown in May, the government increased 75 per cent price on liquor and earned extra Rs 13,500 crore of income. Later, the government increased the prices of petrol and diesel in June and earned an additional six hundred crore income.
In August, the government increased the prices of land rates in the state and generated an additional Rs 800 crore income. The state government earned an additional Rs 161 crore by increasing the professional tax. Recently, the government imposed an extra 10 per cent VAT on natural gas and earned Rs 300 crore income.