Business Daily from THE HINDU group of publications
Monday, Apr 02, 2007
ePaper
Business Daily from THE HINDU group of publications Monday, Apr 02, 2007 ePaper |
|
|
|
|
|
|
|
Industry & Economy
-
Economy States - Andhra Pradesh AP steps to cut deficits pay off Our Bureau
Hyderabad April 1 Efforts by the Andhra Pradesh Government to reduce fiscal and revenue deficits have proved to be windfall, with the provisional Central estimates hinting at a sanction of Rs 2,000 crore as incentive. Announcing this here on Saturday, Mr K. Rosaiah, Minister for Finance and Health, said the revenue deficit had been brought down to Rs 54 crore (as against the projected Rs 990 crore) in the last financial year. He was addressing a gathering at the Administrative Staff College of India at a function to release the book `Fifty Years of Andhra Pradesh - 1956-2006)' published by CDRC (Centre for Documentation, Research and Communication.' "We have been making efforts to make it zero. And this has helped the State to get the incentives from the Centre for our efforts to maintain fiscal discipline," he said. In the first year (2004-05), the State received Rs 1,000 crore. "The following year, we received Rs 1,300 crore. Latest indications show that we are likely to get Rs 2,000 crore," he said. Delivering the keynote address, Prof. Vakulabharanam Ramakrishna, a historian, said though the State witnessed phenomenal growth in the last 50 years, it had been restricted to only certain areas and segments of society. The backward regions continue to remain backward.
More Stories on : Economy | Andhra Pradesh
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|