Archive · 15 Aug 2025
AP Revenue Expected to Grow by 8%, Says CM Naidu
Chief Minister Naidu is aiming to increase the state's income.
He wants to make sure the state collects all the taxes it should.
He also wants to find new ways to make money, like selling red sandalwood and encouraging companies to buy fuel from within the state.
He is encouraging the use of technology, like AI, to track taxes and stop any money from being lost.
CM Naidu anticipates 8% revenue growth in current fiscal year.
Officials should focus on central funds and tax devolution, said Naidu.
He suggested measures like in-state purchase of petroleum for contract vehicles.
Naidu highlighted income potential from red sandalwood and bamboo products.
He emphasized using technology like AI and data analytics to boost revenue.
- Who
- Chief Minister Naidu and state officials.
- What
- Review of state revenue generation strategies and fiscal estimates.
- When
- Recently, at a review meeting.
- Where
- Secretariat, Vijayawada.
- Why
- To boost state revenue and improve financial management.
- Revenue Growth Projection
- 8%
- Meeting Location
- Secretariat, Vijayawada
- Key Focus
- Increasing State Revenue
- Revenue Source Emphasis
- Red sandalwood, bamboo products
- Technology Integration
- AI, data analytics
Sources
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CM wants AP to be green energy corridor
FICCI and AMPIN’s Flagship Event Focuses on 100% Renewable Roadmap for Customers
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Naidu's Hometown, Naravaripalle, Receives Skoch Award
