Telangana Chief Minister K Chandrasekhar Rao has received a good news from Comptroller And Auditor General – CAG. The CAG informed the CM that Telangana registered the highest growth rate in state owned tax revenues when compared to all other states in India.
It also gave the details of the tax revenues of all the states from June 2014 to May 2018. During the past four financial years, Telangana stood at 17.2 per cent average growth rate in the first position, Haryana with 14.2 per cent, Maharashtra -13.9 per cent, Odisha -12.4 per cent, West Bengal registered 10.3 per cent growth. The rest of the states achieved below 10 per cent growth rate.
Telangana State’s growth rate during 2015-16 financial year was 13.7 per cent, 21.1 per cent in 2016-17 21.1 per cent and it was 16.8 per cent in 2017-18.
KCR claimed the progressive financial policies, fiscal discipline and the commitment of the people in paying taxes to the government, resulted in the Telangana state achieving the highest average growth rate.