Latest news with #GSDP
The Hindu
3 days ago
- Business
- The Hindu
State to appoint special officers at mandal level to monitor implementation of Rajiv Yuva Vikasam
As the date for the formal launch of Rajiv Yuva Vikasam — aimed at providing self employment opportunities to unemployed youth — nears, the State government has decided to appoint special officers at the mandal level to continuously monitor the implementation of the ambitious programme and assist beneficiaries. According to Deputy Chief Minister Mallu Bhatti Vikramarka, providing financial assistance alone would not serve the purpose. It is crucial to monitor whether the beneficiaries are reaping profits. And, if any beneficiary is unable to sustain their business due to minor challenges, officials should intervene and help restore their operations. He stressed the need for successful implementation of the scheme in the first year so that it can be scaled up in future. The Deputy Chief Minister, accompanied by Minister Ponnam Prabhakar, conducted a video conference with district collectors on Wednesday to review the arrangements that were being made for the launch of Rajiv Yuva Vikasam on June 2 between 4 pm and 5 pm. The State government will hand over sanction letters to five lakh youth selected under the scheme involving an allocation of ₹8,000 crore. Mr. Bhatti Vikramarka said the government conceived the scheme involving huge amounts as it had immense trust in the strength and capabilities of lakhs of youth across the State. The support in the form of Rajiv Yuva Vikasam was expected to bring light into their lives and simultaneously contribute to the increase of the state's GSDP. He criticised the BRS government for implementing programmes aimed at youth empowerment superficially through corporations. 'This left the youth who fought for the separate State disillusioned,' he added. 'But Rajiv Yuva Vikasam was fundamentally different. The scheme envisaged large-scale utilization of human resources and expansion of business activities in the State, thereby significantly boosting the state's GDP. The entire administrative machinery should work diligently for the success of the scheme,' he said. He pointed out that over the past decade, the youth of Telangana, for whom the State was hard-fought, were left disillusioned. With an aim to bring hope into their lives, Chief Minister Revanth Reddy, he himself, Minister Ponnam Prabhakar and then-Finance Secretary Ramakrishna Rao worked extensively to design this scheme. He instructed that sanction letters should be distributed to all selected beneficiaries of the Rajiv Yuva Vikasam scheme at every constituency headquarters on June 2 between 4 p.m. and 5 p.m. MLAs should attend as chief guests, cultural programmes should be organized and the public should be informed about the development and welfare programs initiated by the people's government since its formation. He recalled the SC categorisation bill passed by the legislature and said the beneficiary selection under Rajiv Yuva Vikasam should comply with that law. Similarly, selections through the BC Corporation should be conducted in proportion to the BC population, and officials should take appropriate precautions in this direction.
The Hindu
5 days ago
- Business
- The Hindu
Greater share: on States and central taxes
Prime Minister Narendra Modi's exhortation to the Chief Ministers gathered at the 10th Governing Council Meeting of NITI Aayog over the weekend, in New Delhi, that the Centre and States should come together as 'Team India' to propel the country forward, is a good sentiment; but, it belies reality. The Centre-States relationship right now is a one-way street, with the Centre resorting to the stick, and, occasionally, to the carrot method, to make the States comply with its wishes. The States are finding it increasingly difficult to voice their often genuine and serious grievances at the national level since federal bodies such as the NITI Aayog Governing Council or the Goods and Services Tax (GST) Council do not meet often. Meeting once a year is not nearly enough for the Governing Council of a body whose very first objective is to develop a 'shared vision of national development priorities'. The GST Council, too, has not met in more than five months, when regulations say it should meet at least once a quarter. So, when the States do get a chance to speak at the national level, as they did on Saturday, most have no choice but to focus on their individual problems or achievements rather than on a collaborative 'Team India' approach. There were, however, some notable deviations where Chief Ministers looked beyond their States' borders in an attempt to drive national growth. One was Andhra Pradesh Chief Minister N. Chandrababu Naidu's proposal for the creation of three sub-groups of States to focus attention on the issues of GDP growth and investments, leveraging India's demographic bounty, and using technology to drive governance. Sub-groups are a good way for the Centre to bring States on board, if it finds a body comprising all States to be too unwieldy. The most notable pan-India suggestion was probably Tamil Nadu Chief Minister M.K. Stalin's call for the Centre to share 50% of its tax revenue with the States, up from the current formula of 41%. This is an issue that certainly requires more discussion. The implicit condition behind the Centre providing States compensation for any losses arising out of GST for five years was that the States would use this time to bolster their own tax revenues. While progress on this has been patchy — with some States doing far better than others — it has nevertheless been significant. The States' combined own tax revenues as a percentage of Gross State Domestic Product (GSDP) grew from 6.6% in 2017-18 to 7.2% in 2024-25. On the other hand, GST has failed to live up to its potential, with net revenues only recently surpassing pre-GST indirect tax levels. Since GST subsumed many of the States' levies, it seems only fair that the Centre seriously consider their demand for a bigger share in central taxes.
New Indian Express
7 days ago
- Business
- New Indian Express
PM Modi lauds Andhra Pradesh growth blueprint; urges states to study CM Naidu's reforms
VIJAYAWADA: Impressed with the growth blueprint presented by Chief Minister N Chandrababu Naidu at the 10th NITI Aayog Governing Council meeting held in New Delhi on Saturday, Prime Minister Narendra Modi suggested that all the states study the reforms of Andhra Pradesh. 'There could be a lot of inputs in the AP's blueprint for growth for other states also, he said. While explaining the state government's ideas, plans and goals in detail, Naidu highlighted the objectives of Swarnandhra Vision, which is part of achieving Viksit Bharat 2047. 'There is a favourable atmosphere in Andhra Pradesh for investments, and for the overall development of the State,' he said. He particularly highlighted the available natural resources, geographical advantages, the power of youth, the urban and rural synergy model, and technology, which he termed the most advantageous issues of the State. He told the NITI Aayog meeting that besides the available advantages of AP, plans are also being implemented to reach the target of $2.4 trillion GSDP by 2047 through new policies, data-centric planning and governance.
New Indian Express
7 days ago
- Business
- New Indian Express
AIADMK nod to panel conditions led to property tax hike, says TN minister Nehru
CHENNAI: Municipal Administration Minister KN Nehru has alleged the annual revision of property tax in the state stems from the AIADMK government's acceptance of a stringent condition imposed by the 15th Finance Commission. Nehru was responding to a statement from former Chief Minister Edappadi K Palaniswami condemning the DMK government for its decision to increase property taxes in village panchayats across the state from the financial year 2025-26. Taking a dig at CM Stalin, Palaniswami said unlike former Chief Minister MG Ramachandran, who offered free electricity to huts, the Stalin-led government has been burdening the rural poor further with steep tax hikes. Nehru, in his response, said Palaniswami had agreed to link property tax revisions with the Gross State Domestic Product (GSDP) during his tenure, which has now resulted in the present system of annual hikes. 'Out of selfish motives, Palaniswami signed the condition laid down by the finance commission and that decision has led to the current situation,' Nehru said. He also warned failure to adhere to this condition could result in the Union Government withholding grants worth `4,36,361 crore meant for urban local bodies for the period 2021-26, along with funds under the Swachh Bharat and AMRUT 2.0 schemes. Palaniswami, in his statement, had said the Stalin-led DMK government has already increased property taxes more than twice in municipalities and municipal corporations since coming to power in 2021. Now, he alleged, the government has extended this burden to rural areas.
The Hindu
7 days ago
- Business
- The Hindu
Plans on the anvil to achieve $2.40 trillion GSDP by 2047: Naidu
Chief Minister N. Chandrababu Naidu has asserted that Andhra Pradesh has a favourable atmosphere for investments and for overall development of the State, and the government is focussed on its Swarnandhra objectives, which are in alignment with the Viksit Bharat vision. Addressing the 10th NITI Aayog Governing Council meeting in New Delhi on Saturday (May 24, 2025), Mr. Naidu highlighted the availability of abundant natural resources, other geographical advantages, and the urban-rural synergy model of development being followed by the government with due focus on adoption of advanced technologies. He said plans were on the anvil to achieve the targeted $2.40 trillion Gross State Domestic Product (GSDP) by 2047 through new policies and data-centric planning and governance. Prime Minister Narendra Modi exhorted the Chief Ministers of other States to replicate some of the development plans made out by the A.P. government under Mr. Naidu's leadership. Mr. Naidu suggested that a national-level committee be formed to use technologies in governance on a much wider scale. He had a discussion with Mr. Modi on issues like governance, new policies and investment opportunities in various sectors. Yoga Day On the International Yoga Day scheduled to be observed on June 21, Mr. Naidu said the government was making arrangements to organize it in a grand manner in Visakhapatnam, in which Mr. Modi would be taking part, and that awareness on the benefits of yoga were being spread by conducting Yoga Month from May 21 to June 21. Referring to the Swarnandhra vision, he said it offered a scalable, inclusive model for national development and rooted in family-centric governance, innovation, digital infrastructure and sustainability. Reaffirming the State's commitment to lead by example in driving national transformation through strong, coordinated leadership at both the State and the Union levels, he praised India's remarkable rise over the past decade under the visionary leadership of Mr. Modi, highlighting India's rise from the world's 10th to 4th largest economy, on track to become the 3rd largest by 2047. 'Reforms like Digital India, GST, Startup India, PM Gati Shakti, and Jal Jeevan Mission have redefined India's development landscape,' Mr. Naidu asserted. He insisted that the State was committed to contributing significantly to the national aspiration of Viksit Bharat — a $30 trillion economy marked by high- quality infrastructure, equitable development and empowered citizens. Under the Swarnandhra vision, the State targeted to achieve Zero Poverty by 2029 through the innovative P4 model, which unites government, private sector, and citizens' efforts to support vulnerable families and promote economic upliftment, he siad.
