EAP Fund Should Be Used In Effective Manner-CM

EAP Fund Should Be Used In Effective Manner Chief Minister N. Chandrababu Naidu in a meeting held with the revenue earning departments on Tuesday at the Secretariat, has suggested that the EAP funding should be used in an efficient and effective manner in Comparison to other states.

EAP Fund Should Be Used In Effective Manner-CM

EAP Fund Should Be Used In Effective Manner-CM

The CM said that it is very important to make up for the revenue losses incurred because of the bifurcation and put appropriate measures in make to fulfill this. During the year 2016-17 up to March 2017, the total revenue realized by the commercial tax department is R33,566.65 CrOre with a growth rate of 12.29%. The prohibition and excise department achieved a growth rate of 5.88% and has earned revenue of R4,644.45 crore for the year 2016-17.

DC CORRESPONDENT VIJAYAWADA, APRIL 18:

Negative growth rate was registered in the departments of registration, stamps and forest. In comparison to the previous year, the growth rate fell by 4.01% in revenue from Stamp duty and registration, said the CM and added that likewise, negative growth rate of 49.29% was seen in the forest department. The land revenue department’s growth rate is 17.33% and has earned revenue of R2679Ocrore, The revenue achievement in the transport department is R2,463.21 crore and the growth rate achieved is 15.71%. In all, R1,700.61 crore revenue was achieved in the year 2016-17 by the department of mines and geolo.

Growth Rate of Among The Districts:

a growth rate of 22%.Among all the 13 districts, East Godavari district has achieved the highest revenue of R315 crore and Vizinagaram with least revenue at R30 ΟΤΟΤρ, The total revenue earned by all the seven departments for the year 2016-17 is R46,285.30 crore and the growth rate achieved in comparison to 2015-16 is 9.81%. The Chief Minister said that the services sector is the most effected one postbifurcation and that it’s important to overcome this issue. An action plan and strategy should be put in place to increase the revenue from forest depar. tment, the Chief Minister added. Later, he expressed disSatisfaction Over the department’s failure in auctioning red sanders.

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