Andhra presents Rs.1.83 lakh crore vote-on-account

Andhra Pradesh Finance Minister Anam Ramanarayana Reddy Monday presented a tax-free, revenue-surplus vote-on-account for 2014-15 with an overall expenditure of over Rs.1.83 lakh crore.
In his budget speech in the state assembly, he said the overall expenditure in fiscal 2014-15 would be Rs.183,129 crore, comprising Rs.115,179 crore under non-plan and Rs.67,950 crore under plan heads.
The overall budget is more than 13 percent over 2013-14. With elections round the corner, the Congress government has presented vote-on-account instead of a full-fledged budget.
Presenting his fourth budget, Ramanarayana Reddy said estimated revenue surplus would be Rs.474 crore and fiscal deficit would be Rs.25,402 crore.
The finance minister presented the budget amid protests by legislators from Telangana over the manner in which the house passed a resolution, by a voice vote, Jan 30 rejecting the Telangana bill sent by the President to the legislature for its opinion.
The budget speech last for only 15 minutes as Ramanarayana Reddy presented only highlights and laid his speech on the table.
Speaker N. Manohar adjourned the house till Wednesday. He called a meeting of Business Advisory Committee (BAC) to chalk out the agenda for the four-day session.
Endowments Minister C. Ramachandraiah tabled the interim budget in the legislative council. The council was also adjourned till Wednesday.
Category :India
More News

Jaishankar Lodges Strong Protest With Rubio After US Navy Strike Kills Three Indian Seafarers

Ahmedabad Plane Crash Anniversary: Families Gather at Crash Site to Honour Victims

J&K Court Summons Hizbul Chief Syed Salahuddin, 3 Others to Appear on July 14

India Tightens Fuel Sale Rules, Restricts Bulk Purchase of Petrol and Diesel for 90 Days

Use of Children by Pro-Khalistan Elements Emerges as New Security Challenge

Government Waives Excise Duty on Higher Ethanol-Blended Petrol to Boost Biofuel Push
Trending News

Messi Breaks New Ground: Historic Hat-Trick in 200th International Match
Donald Trump Jokes ‘I’m the Boss’ at G7 Summit, Lightens Mood Amid Global Tensions
Lionel Messi Marks Historic Sixth World Cup Appearance With Hat-Trick as Argentina Cruise Past Algeria
Shakira Celebrates 100th Concert in Los Angeles as Sofia Vergara Dances to ‘Hips Don’t Lie’
TV Actress Sanchita Ugale, Known for 'Kumkum Bhagya', Passes Away at 22
UN Welcomes US-Iran Truce as Guterres Backs Ceasefire and Fresh Diplomatic Talks
Iran Announces Immediate End to War, Says US Naval Blockade Will Be Lifted From Tonight
Trump Announces US-Iran Deal to Reopen Strait of Hormuz, End Naval Blockade Amid Energy Market Fears
Keeping Their Promise Vijay, Rashmika Reward Government Students From Actor's Ancestral Roots
Scotland Beat Haiti 1-0 to Register First World Cup Win Since 1990
Top News


