Major share for Irrigation
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Major share for Irrigation sector and Housing in AP Budget

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Budget 2007-08

Union Budget - 2007-08
Opposition claims as anti poor

Major share for Irrigation sector and Housing in AP Budget
Finance Minister presents tax-free budget

Walkouts and podium encroachments gets highlighted in Budget Session
CPM pushes power problems in the state

AP State Assembly Budget Sessions to begin on Feb 13
Political parties finalizes their strategy for the sessions

Major share for Irrigation sector and Housing in AP Budget

Finance Minister presents tax-free budget

Hyderabad, February 19, 2007

The Finance Minister, K. Rosaiah presented budget for the financial year 2007-08 with special emphasis on Irrigation Sector. It received a whopping outlay of Rs. 13,002 crores, a 30 percent increase over the last year's and housing nearly 300 percent at Rs. 5443 crores in the tax free budget. These two sectors account for well over half of the State's annual plan of Rs. 3,013.54 crores.

As stipulated in the Fiscal Responsibility and Budget Management (FRBM) Act, the Finance Minister showed a meager negative balance of 33.08 crores towards the end of the coming financial year. The Finance Minister could have easily shown a surplus budget but avoided the temptation, as it would lead to curtailment of Central Funds. The fiscal deficit will remain high of Rs. 8620 crores constituting 3.01 percent of the Gross State Domestic Product (GSDP). The Finance Minister seeks to improve the growth rate of agriculture by increasing the plan outlay for the farm and allied services sectors by twenty percent to Rs. 2141 crores in 2007-08.

The Major Plan allocations areRs.
Irrigation13,002.00 cr
Housing4,793.75 cr
Rural Development2,277.00 cr
Welfare1,462.30 cr
Agriculture and allied services726.25 cr
Health759.59 cr
Education823.00 cr
Industrial promotion432.25 cr

Reacting on the budget, the Opposition party leader N. Chandrababu Naidu remarked the budget of the YSR Government lacked 'vision and direction'. However, the Chief Minister, Dr. YS Rajasekhara Reddy said that never in the history the plan size has been upped by 50 percent.

Andhra Pradesh on February 19 , 2007

Major share for Irrigation sector and Housing in AP Budget
Finance Minister presents tax-free budget

Stray incidents mark Civic Elections
Low poll turnouts reported

TDP MLAs of Telangana undertake Padayatra
Demands immediate construction of Pranahita-Chevella link canal

Loan papers exempted from stamp duty
GO issued to this effect

GVMC Election counting on February 21 Vizaginfo.com
Results expected to be out by noon

Presiding Officer on GVMC Election duty arrested Vizaginfo.com
Dereliction of duty in connection with the polls

Low turn out in the GVMC elections Vizaginfo.com
Disinterest amongst people believed to be the reason

71 employees of VSP conferred Jawaharlal Nehru awards Vizaginfo.com
Good performing teams at VSP gets awards

February 19 in History

Events and happenings on 19 February in History

19 February 2001
Highlights: CLP Leader Mr. YS Rajasekar Reddy has been house arrested.

19 February 2002
Highlights: CLP Leader questions on how Government is going to repay loans

19 February 2003
Highlights: CM to lay foundation stone for Godavari river water project in Visakhapatnam

19 February 2004
Highlights: Foundation stoned laid for LPG storage facility at Visakhapatnam

19 February 2005

19 February 2006
Highlights: MP Owaisi and three other leaders surrender

19 February 2007
Highlights: Major share for Irrigation sector and Housing in AP Budget

19 February 2008
Highlights: Nagam Janardhana Reddy convicted in a defamation case

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