Rosaiah takes charge as Finance Minister

Rules out fresh taxes in the coming years

The senior most among all the 35 member Cabinet Council of Ministers, K Rosaiah assumed charge of the portfolio of Finance, Planning and Legislative Affairs on Tuesday afternoon with the promise of giving a still better performance in the next five years to come. He said that he will perform to the best satisfaction and fulfil the agenda set by the government.

His admirers garlanded him profusely wen as he occupied the chair in his existing chamber in 'D' block of the Secretariat amidst a group of officials from the Finance Department after performing puja to Lord Venkateswara Swamy. He was the first Minister to assume charge. Speaking to media persons, he thanked the Chief Minister, Dr.YS Rajasekhara Reddy for reposing faith in him and allotting the same portfolio and the officials for extending co-operation.

Responding to questions, he said that the government like in the past five years, would neither impose fresh taxes nor increase the existing rates. This was in spite of the fall in revenue flow from the Central pool due to the global meltdown. He said that the State would get nearly Rs.4,800 crores this year towards NREGP.

Andhra News