Andhra Pradesh

CM praises budget, sore over package issue

VIJAYAWADA: Chief Minister N. Chandrababu Naidu has welcomed the Union Budget 2017 terming it as long-term growth oriented. Mr. Naidu said he was satisfied with the proposals presented in the budget, and the Centre has honoured the requests from Andhra Pradesh by announcing capital gains tax exemption for farmers in Amaravati.

The Chief Minister, however, was quick to add that the government expected that the Centre would clear the railway zone for Andhra Pradesh. The special package also did not figure in the Budget.

Likewise, it was expected that there would be a provision for revenue deficit faced by the AP. The Centre had released about ₹ 3,000 crore as against the estimated ₹ 16,000 crore revenue deficit, he pointed out.

Addressing a press conference here on Wednesday, Mr. Naidu said the Centre had been requested to accord legal sanctity to the Special Package. As already two-and-half years had passed after the bifurcation, the Union Cabinet should take a decision at the earliest, he said.

The Chief Minister said the Centre was implementing the recommendations made by him to move towards digital transactions. Provision to procure 20 lakh POS machines and proposal to set up Payments Regulatory Board were some initiatives in that direction, he said. Mr. Naidu said a proposal to increase the corpus fund of Nabard to ₹40,000 crore would help the State in a big way. As it was aimed at increasing focus on irrigation, it would help in releasing funds for the Polavaram project, he said.

Increasing the outlay for NREGS to ₹ 48,000 crore was good and helps in water conservation in the State. AP was number one State in country in making best use of the NREGS scheme, he said.

Merging the plan and non-plan, Goods and Services Tax and demonetisation etc. were a few major financial reforms initiated by the Centre, he said, adding, “AP is top in nurseries in the country. But, the GST on nurseries would be a blow. The Centre has to relook into it.”

Referring to President Pranab Mukherjee favouring simultaneous elections, the chief minister said that there was a need for a debate on it. AP stands as a role model by conducting simultaneous elections, he added.

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Printable version | Jun 23, 2021 8:13:26 PM |

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