State Exceeds 60% of Annual GST Target in Four Months
Andhra Pradesh has demonstrated impressive fiscal buoyancy, achieving a significant milestone by mopping up 61% of its annual GST revenue target within the first four months of the current financial year. A recent Comptroller and Auditor General’s report highlights this robust collection, signaling a healthy trajectory for the state’s fiscal health, bolstered by increased economic…
Economic Storm Brews: Telangana Faces Deflation Alarms
A heated political debate has erupted in Telangana as the state grapples with an unprecedented economic downturn, marked by negative inflation rates for two consecutive months. Bharat Rashtra Samithi (BRS) leaders, including K.T. Rama Rao and T. Harish Rao, have issued stark warnings, accusing the ruling Congress government of mismanaging the state’s finances and pushing…
CM Naidu Pushes for Revenue Growth, Rejects ‘Dead Economy’ Claims
Andhra Pradesh Chief Minister N. Chandrababu Naidu is intensely focused on fortifying the state’s financial health, urging officials to aggressively pursue central government funds and optimize local revenue sources. During a recent review, he underscored the untapped potential of the services sector for tax income and projected an 8% increase in state revenue this fiscal…
Vehicle Buyers Face Steeper Costs as Telangana Hikes Life Tax
In a move that has drawn criticism from automobile industry experts and transport unions alike, the Telangana government has increased the life tax on various categories of vehicles, effective from August 14. The revised rates, ranging from 9% to 25%, are expected to significantly burden new vehicle buyers, especially impacting those planning purchases during the…
