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Govt Withdraws Super-Rich Surcharge

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Govt Withdraws Super-Rich Surcharge Follow us on: RNI No. APENG/2018/764698 @TheDailyPioneer facebook.com/dailypioneer Established 1864 OPINION 6 VIJAYAWADA 9 SPORTS 12 Published From VIJAYAWADA DELHI LUCKNOW BHOPAL FOR THE SAKE A SCHOOL THAT PRODUCED SINDHU BREAKS RAIPUR CHANDIGARH BHUBANESWAR OF DEMOCRACY LEADERS IN ALL FIELDS TAI CODE RANCHI DEHRADUN HYDERABAD *Late City Vol. 1 Issue 299 VIJAYAWADA, SATURDAY AUGUST 24, 2019; PAGES 12 `3 *Air Surcharge Extra if Applicable AAMIR KHAN'S DAUGHTER IRA TO MAKE DIRECTORIAL DEBUT { Page 10 } www.dailypioneer.com ‘Crashed IAF chopper was Govt withdraws Will decentralise administration: Buggana PATRI VASUDEVAN n Focus on welfare, education and health n No Singapore-type Capital We are not in favour of n VIJAYAWADA 'Amaravati', but, we have a spe- hit by Indian cific formula for the Capital. The State government has missile’ super-rich surcharge clarified that it has no propos- Q: What are your observations NEW DELHI: Five IAF per- al to shift the Capital city of about the misappropriations sonnel were found guilty for PNS n NEW DELHI Amaravati from Velagapudi. in CRDA? the crash of a Mi-17 helicopter FM proposes measures to In an exclusive interview to A: We have noticed that insid- in Budgam in Jammu and Buckling under pressure from The Pioneer, Minister for er trading and zoning have Kashmir as a high-level probe overseas investors, the gov- enhance fund flows for infra, Finance Buggana Rajendranath taken place. Irrespective of concluded that the chopper ernment on Friday rolled back has, however, said that the whether it is officials or politi- went down after being hit by the enhanced surcharge housing projects government is contemplating cians, the government won't a surface-to-air missile on imposed on foreign portfolio to decentralise the adminis- spare anybody found guilty. February 27, the day Indian and domestic investors in trative setup, in order to ensure The State is already into a and Pakistani air forces were Budget 2019-20 as it Angel tax provisions for socio-economic equality to all major debt trap. The debts and engaged in a dogfight, military announced a slew of mea- the regions across the State. liabilities come to around Rs sources said on Friday. A six- sures to boost sagging eco- start-ups removed 360 lakh crore. month-long Court of Inquiry nomic growth. EXCERPTS: into the incident found that "In order to encourage Q: It is a fact that the State is the Mi-17 V-5 helicopter was investment in the capital mar- Q: A lot of speculation is going EXCLUSIVE INTERVIEW facing fiscal crunch. But, you hit by a ground-based missile ket, it has been decided to on over shifting of the Capital have allowed major alloca- of the Indian Air Force when withdraw the enhanced sur- Amaravati elsewhere. Reports district as good as finances. Look at the Fiscal tions to Amma Vodi, the chopper was on its way charge levied by Finance are doing the rounds that Visakhapatnam district. Responsibility and Budget Aarogyasri, fee reimburse- back to Srinagar air base, (No.2) Act, 2019 on long/short Visakhapatnam will be the Management (FRMB) limits, ment and Raithu Bharosa. they said. Six IAF personnel term capital gains arising from health headquarters, Q: It seems that the government and see how the previous TDP While the State government is on board and a civilian on the the transfer of equity Rajahmundry irrigation has slowed down probe into government has conveniently not even in a position to clear ground were killed in the shares/units," Finance Minister headquarters and Kurnool large scale irregularities that crossed the limits. Naidu pro- the pending bills to a tune of crash. Five IAF personnel, Nirmala Sitharaman told Pharma destination. What is took place in CRDA. What are posed Rs 6 lakh crore for Rs 2 lakh, how you will bring including the Chief Operating reporters here. your take on these reports? your thoughts on the issue? building the Capital and he money for these schemes? Officer (COO) of the Srinagar The move will dent govern- A: There's nothing like that. A: We are going to disclose the came down to Rs1.5 lakh A: Expenditure on all the said base, were held responsible for ment revenues by Rs 1,400 Our priorities are feeding the outcome of the probe into crore? Doesn't he know that an schemes comes to around Rs the crash and all of them are crore. Sitharaman had in her poor, addressing the needs of CRDA irregularities very iconic bridge can be built with 10,000 crore per annum. You likely to face severe punish- maiden Budget hiked the sur- students, taking care of the shortly. We don't need Rs 300 crore to Rs 400 crore? have to understand a serious ment, sources said. charge on income tax paid by health of mothers, and guard- Mahishmati kind of Capital point here. We are building super-rich individuals. ing the fiscal health of the State. now, like the Shaik of Q: How do you justify your human capital, by taking up the The surcharge, levied on Some 40 per cent of foreign Sitharaman said. "In other Our priorities are also to guard Abudhabi has built in his coun- stand on Capital city, by just cause of such welfare schemes. BS-IV vehicles top of the applicable income portfolio investors (FPIs) auto- words, the pre-Budget position the interests of the State, rather try. Former Chief Minister N proposing an allocation of Rs See how mothers are going to tax rate, was hiked from 15 per matically came under the high- is restored." than spending on 'Singapore' Chandrababu Naidu mes- 500 crore in your budget? get incentives for prompting cent to 25 per cent for those er tax rate as they have been The super-rich tax on FPIs, model cities. But, however, merised the people with his A: As I already said, our pri- their children to go to schools. to remain: FM with taxable income of Rs 2-5 investing as a non-corporate along with lack of measures to our administration believes in graphic works of iconic orities are welfare, education Is it not building human cap- NEW DELHI: In a big relief crore, and to 37 per cent for entity such as trust or associ- boost the economy in the July decentralisation of adminis- bridges, world-class towers and health. We didn't say that ital? Look at Raithu Bharosa. for those being concerned those earning more than Rs 5 ation of persons (AOPs), which 5 Budget, was largely blamed tration to ensure a socio-eco- and seed access roads. In real- the Capital city will be shifted Now, the Government is pay- about the viability of Bharat crore. This increased the effec- in the Income Tax law are clas- for foreign investors with- nomic equality to the people of ity, we are comfortable with the from here. Just understand ing part amount of the insur- Stage (BS) IV-compliant vehi- tive tax rate for these two sified as an individual for the drawing more than USD 3 bil- all regions of the State. We present Secretariat and the difference between ance of farmers also apart cles, Finance Minister groups by 3.12 per cent and 7 purpose of taxation. lion from the stock markets, want Srikakulam to be devel- Assembly structures. We are 'Administrative Capital', and from the Union Government's Nirmala Sitharaman has per cent to 39 per cent and "The enhanced surcharge putting pressure on indices and oped as good as Krishna dis- not against iconic bridges, but, Naidu's magic city of sky- share. announced that the govern- 42.74 per cent, respectively. on FPI goes, in simple words," the rupee. trict, and similarly Prakasam we need to stabilise our scrapers and horizontal malls. Continued on Page 3 ment wants to "dispel of all confusion." The Minister also stated that BS-IV vehicles have been a point of concern for a lot of people, including Haj, Jerusalem ads on RTC Botsa summoned the auto companies and those who have purchased these vehicles in recent times. bus tickets; BJP slams Jagan Adding that it continues to be in Volkswagen case so as companies even today PNS n HYDERABAD are manufacturing these MINISTERCLARIFIES PNS n HYDERABAD ations Helmuth Schuster on vehicles. The Finance A controversy has broken out esponding to the charges of corruption in some Minister said, "BS-IV vehicles over tickets issued by the Rcontroversy over appearance A special court dealing with other dealings. Schuster was which are purchased up to Andhra Pradesh Road of Haj and Jerusalem Yatra CBI cases on Friday issued negotiating with the State March 2020 will remain oper- Transport Corporation to trav- advertisements on tickets of summons to Urban Government on behalf of ational for their entire dura- ellers from Tirupati to the APSRTC buses shuttling Development Minister Botsa Volkswagen for setting up the tion of registration". temple town of Tirumala. On between Tirupati and Tirumala, Satyanarayana in a 14-year-old car plant in Visakhapatnam. the back of the tickets are Minister for Endowments Volkswagen case. Following allegations by the printed government adver- Vellampalli Srinivas has clarified The court asked opposition that Satyanarayana PPA submits tisements about pilgrimage to that the tickets were printed Satyanarayana, a witness in the and some others paid the 4-yr-old raped; Haj and Jerusalem. during the previous TDP case, to appear in the court on money to Vashistha Vahan Travellers who noticed the government. September 12 to record his through "dubious" means, the Raja Singh man arrested ads on Wednesday brought it Speaking to media persons on statement.
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