HYDERABAD: The economic
downturn has generated revenue within stamps and registrations in southern
states including Telangana and Andhra Pradesh this year. By October this year,
Varna, when sent for a comparable session last year, saw a decline of at least 5% in revenue in some of these
states.
The report given by the states to the Comptroller and Auditor General of Andhra Pradesh present in India is the lowest hit among all states with a loss of 18% taxation associated with the previous year. As of October this year, AP distributed 48% of the budget estimates from stamps and registration revenue, while it received 58.17% of the full budget estimate last year.
The state of Telangana is more reliable than its neighbor, but despite Hyderabad's stagnant real estate sector, the state saw a 6% drop in revenue when it belonged to October last year. The state approved 60% of the budget estimates for tickets and registration revenue, as of October last year, the state projected 66% of the budget estimates.
With an 8%
revenue deficit related to the previous year, Kerala has got a great deal.
While this figure was 45% this year,
it was 53% last year.
Tamil Nadu
managed more profitably than Andhra Pradesh and Kerala, with a decrease of 11% this year as opposed to the
previous year. Tamil Nadu reported 58%
of income in the current year, which came down to 47% by October this year.
Karnataka was the
smallest success among the five southern states with a decrease of only 5%. As of October last year, it
recorded 57% of the total budget
estimate, which was reduced to 53%
for the same period this year.
Banking and Financial Specialist. Narasimha Murthy said
that focusing on more reliable results, Hyderabad is essential for Telangana as
investors in the city are often interested.
