TaxTMI 
TaxTMI 
YSRCP seeks increased tax share from Finance Commission
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....SRCP seeks increased tax share from Finance Commission<BR>News and Press Release<BR>Dated:- 17-4-2025<BR>PTI<BR>Amaravati, Apr 16 (PTI) The YSR Congress Party (YSRCP) leaders on Wednesday met the memb....
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....ers of 16th Finance Commission touring Andhra Pradesh and urged a higher state share in central taxes to strengthen state finances. Former finance minister B Rajendernath Reddy said the party sugges....
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....ted raising the state’s revenue share to over 50 per cent while citing deductions due to cess and surcharges. "While the 15th gave 41 per cent. We requested 50 per cent considering the net reducti....
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....on," said Reddy addressing a press conference. The former minister said that calculations were earlier based on the 1971 census, but the 2011 census now disadvantages states that successfully implem....
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....ented family planning. The opposition leader said that states with declining population due to successful family planning measures should receive incentives or bonus support to offset reduced financ....
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....ial allocations. Reddy said the TDP was in power during the 14th Commission and the YSRCP led the state during the 15th, adding the Comptroller and Auditor General of India (CAG) and Reserve Bank of....
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.... India (RBI) data confirmed lower borrowing from 2019 to 2024. Defending the YSRCP’s financial management, Reddy alleged the TDP misleads people despite these facts regarding loans and it borrowed....
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.... more but failed to deliver welfare schemes. PTI MS STH AS AS<BR> News - Press release - PIB....