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A slap on those who were arguing that 50% AP revenue comes from Hyderabad alone

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  • bhas_kurapati
    A slap on those who were arguing that 50% of AP revenue comes from Hyderabad alone. Because Hyderabad is capital of AP, some tax belonging to all three regions
    Message 1 of 1 , Nov 11, 2013

      A slap on those who were arguing that 50% of AP revenue comes from Hyderabad alone. Because Hyderabad is capital of AP, some tax belonging to all three regions is collected in Hyderabad. Once Telangana is demerged, Seemaandhra revenue will be collected in new Seemaandhra capital. Below calculation is keeping that in mind.

       

      Source: http://www.deccanchronicle.com/131108/news-current-affairs/article/hyderabad-revenue-only-rs-20200-cr

       

      Hyderabad: A note circulated to the Group of Ministers on Telangana on the contribution of revenues to the state exchequer by the three regions of the state debunks the claims of Seemandhra leaders that Hyderabad is the principle contributor.

      According to reports from Delhi, a note that was circulated by the Union finance ministry after getting inputs from the state finance department states that Hyderabad city only contributed Rs 20,022 crore of the state’s total revenue of Rs 1,27,866 crore in 2012-13. The break-up is as follows: Hyderabad Rs 20,022 crore, Telangana (other than Hyderabad district) Rs 41,391 crore, Rayala-seema Rs 18,215 crore and Andhra Rs 47,937 crore.

      Recently,  the AP finance department had “leaked” information to scribes stating that Hyderabad contributed the lion’s share of the total revenues of the state. However, it had stated that the revenue earnings were only from revenue earning departments like commercial taxes, excise, transport, stamps and registration, mines, forests, and land revenue. It said that the state’s revenue in 2012-13 was Rs 70,548.27 crore with the following break-up: Hyderabad and Ranga Reddy districts contributed the lion’s share of Rs 34,100.73 crore whereas Coastal Andhra and Rayalaseema put together contributed Rs 21,538.94 crore. The remaining Rs 13,506.83 crore was contributed by the other districts of Telangana.

      Vijayawada MP Lagadapati Rajagopal disputed the figures. “Everyone, including T-leaders, agree that Hyderabad contributes the most to state exchequer,” he said.

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