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Telangana Revenue on an uphill, KCR

By   /  June 15, 2016  /  Comments Off on Telangana Revenue on an uphill, KCR

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The roads may be bad, the prices may be soaring, the farmers may be crying foul, the development programmes may be on a standstill, but at least the figures say a different story. Telangana state registered 27.45% revenue growth in April and May, 2016-17 financial year, when compared to the figures last year same time. In a high level meeting with State Finance Department officials, KCR reviewed the revenue generation so far. Rs 7,687 crore was generated this year in two months, whereas during the same time, 6,031 crore was collected last year from commercial taxes, Excise, stamps, and Registration, Sales, Transport and Mining.

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This means that the growth in revenue that the Stamps and Registration recorded is 64 %, which indicates a growth in real estate market. In fact from the time there was a drop in real estate at the time of bifurcation, there has been growth in the sector. Further the growth in Excise revenue by 120 percent can be attributed to the increase in license fee. There has been increase in sales tax, luxury tax etc. Going by the trend, the revenue growth looks promising and the by the year end, it is going to register further growth, and according to the chief minister it is a stepping stone for Bangaru Telangana.

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