Special Status For Andhra Pradesh Not A Big Deal, Says Sujana Chowdary

[Spartan]

The TD government in Andhra Pradesh said that Special Category status is worth only Rs 3,300 crore as against the wide belief that the status and incentives will be a big financial boost.

 

Announcing that Andhra Pradesh will get over Rs 10,000 crore for 2014-15 fiscal year by this month end to fill the revenue deficit, Union minister of state for science Sujana Chowdary said that the status was worth only around Rs 1,500 crore to Rs 3,000 crore while industrial incentives are worth around Rs 300 crore.

 

TD MP and Union minister for science Sujana Chowdary said efforts were still on to get the special category status and industrial incentives. He added that the sate was also working on getting funds through other means from the Centre if the special status and incentives were not granted.

 

Speaking to reporters at the Lakeview Guest House on Sunday, Mr Chowdary said, “Special Category status is a government-to-government issue and not concerned with individuals. If granted, AP will benefit in the range of Rs 1,500 crore to Rs 3,000 crore. Though the Centre hasn’t said ‘no’ for it, we are also looking at other ways. There is a cap of $150 million put by World Bank and IMF on external aid for each state and we are asking for relaxations. Relaxation of the FRBM Act is another aspect.”

 

He added, “Industrial incentives, if granted on par with Himachal Pradesh, will include service tax, corporate income tax and excise duty. These incentives, anticipating there are investments leading to incremental sales to the tune of Rs 10,000 crore annually, will result in benefits of Rs 300 crore only. If incentives are not possible and if the Centre grants the Rs 300 crore to the state, we can develop industrial estates and give free power or other incentives and attract investments.”

 

“The Centre has already granted 15 per cent additional depreciation. We are now asking for Minimum Alternative Tax exemption for AP. This will boost investments,” added Mr Chowdary.

[pythonic]

mari antha takkuva undadhu emo...basic gaa dani valla vache loan antha interest free from center...kani special status will not give any tax exemptions just a grant amt...JP oka tv9 discussion untundi abt this....

[Sona_Parv001]

eedi mind lo cbn penta pettukunnada endi.

item maakke lal gaadu.

[nani322]

These So called MP sir want Money Benefits instead of Development ..When AP got separated No leader focused Benefits we suppose to get ...

[Spartan]

eedi mind lo cbn penta pettukunnada endi.

item maakke lal gaadu.

 

 

These So called MP sir want Money Benefits instead of Development ..When AP got separated No leader focused Benefits we suppose to get ...

 

 

 

vadiki or party ki related contractors andariki ..ravalsina contracts..and projects vachesai emo..

 

so lit eteskuntunnad..