| Andhra Pradesh State Financial Corporation is another government
entity promoting small and medium scale industries in the state by providing
loans to entrepreneurs. Table 14 shows how they disbursed funds by each
region in 2008. |
STATE FINANCIAL CORPORATION DISBURSEMENTS
BY REGION (Table 14)
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| Nizam Telangana, excluding Hyderabad, received more funds than the
Kosta and Rayalaseema regions combined. Not bad for a region that is being
discriminated against- don’t you think Professor Jayashankar? |
FINANCES
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The most comical statistic offered by Professor Jayashankar is regarding
finance. In a bizarre claim, he on one hand says that the Telangana region is
underdeveloped and, at the same time, says that the Telangana region contributes
75% of sales tax receipts and 55% of excise collections to the state exchequer.
How could people of an economically backward region purchase so
many goods that they would contribute a lion’s share of the sales tax to the
state exchequer? Sales taxes are generated when people purchase goods or
services. If people are not earning as much, they will not have the purchasing
power. As a result, common sense dictates that tax revenues should be low.
Table 15 details the total land, excise, and sales revenue collection
(current + arrears) in lakhs of rupees by region. |
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