Social News XYZ     

Central Government shocks AP: No Tax Exemption given

Central Government shocks AP: No Tax Exemption given

YS Jagan Mohan Reddy. (File Photo: IANS) 

Once again the central government has clarified its stand regarding issues related to special status to Andhra Pradesh. For the loss of revenue by the Andhra Pradesh State due to its bifurcation, for compensating the Andhra Pradesh government the center has clearly backtracked.

It said, no tax discount can be given to Andhra Pradesh in a categorical reply while stating that the special status was a closed chapter. While questioned by YSRCP MP YS Avinash Reddy, the central government replied that if Andhra Pradesh is exempted, then other states might raise objections over this. Union minister Nitin Gadkari said that any decision taken only for Andhra Pradesh might have nationwide repercussions.

 

It was made clear by this, that the central government in Norway would ah l come forward to support Andhra Pradesh by now. However, it said that incentives would be given to industries in AP if they come up with concrete proposals. Andhra Pradesh government’s financial situation is too weak as it is suffering from the acute budget deficit.

Jagan has battled always for the special category status for Andhra Pradesh. But as the central government is expressing its uncompromising stand towards special status, it is yet to see what Jagan might be doing to manage his resources.

Facebook Comments

%d bloggers like this: