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20% Growth In Tax Revenue Expected

Posted by on February 23, 2011 0 Comment

Hyderabad, Feb.23 (NSS): The tax revenue of the State during the year 2011-12 is expected to be Rs.56,438 crore, as against the Budget estimates for the current year of Rs.46,999 crore, which represents a growth rate of 20 per cent. In the proposed budget non-tax revenue of the State is estimated at Rs.12,339 crore out of which major share of Rs.2,995 crore comes from mines and minerals.

This was stated by the finance minister Mr A Ramanarayana Reddy, while presenting the Budget for 2011-12 in the legislative Assembly.


The Finance Minister announced that a new Medical College is being established at Nizamabad and the RIMS at Adilabad, Kadapa, and Srikakulam are being strengthened. Work is also in progress for the construction of RINS at Ongole.


He further stated that the Government would be taking up construction of a new building at a cost of Rws.200 crore for Osmania General Hospital, Hyderabad. (NSS)

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