Vijayawada: The Union Budget has disappointed AP. Except for the capital gains tax exemption for the capital areas farmers who gave their land under the land pooling scheme, the Budget has not addressed any of the state's long pending issues.
The railway zone for Vizag, revenue deficit of the state, support for capital city construction and other important issues found no mention. Opposition parties lashed out at the TD as it had ignored the public. On the other hand the TD is celebrating capital gains tax exemption.
AP is already boiling on the SCS issue and the public expected the Budget to address pending issues. People expected a Railway zone for Vizag, but there was no mention of that in the Budget.
The only useful decision in the Budget is the 20 per cent capital gains tax exemption for about 25,000 farmers which approximately saves around '10 lakh to Rs 40 lakh. The farmers along with Tadikonda MLA Sravan Kumar celebrated the decision.
Reacting to this Planning Board vice chairman C. Kutumba Rao said, this time the budget allocation had been done in a new form with Revenue and Expenditure concept instead of a planning and non planning budget. So the budget is allocated sector wise rather than state wise. Definitely every sector will receive allocations.
YSRC MP Vijaya Sai Reddy said we never expected this kind of budget which is hopeless. Coming to AP we hadn’t got anything and anyway the capital gains exemption is already applicable for agricultural land but hadn't mentioned if it is applicable to the commercial land given to the farmers.
Congress leader C. Ramachandraiah said Without planning and non-planning sections there is a possibility of misappropriations.
and it clearly shows it is completely for the political benefits in which the budget can be allocated for one sector and can be re used on the other.
A textile industry businessman V Nagabhushanam said that the state hadn't received any proper budget and even the common man. Post demonetization many organizations had experienced troubles and expected the reduction in tax would help them but are in vain. (Story: 440 words, Eswar Chennupalli, 9704051947)
