Telangana Chief Minister K Chandrasekhar Rao who was quite liberal and pleasing the people is now forced to crack the whip in the Second Term. The State Government is all set to serve the ‘first shock’ as chief minister K Chandrasekhar Rao has hinted about increasing the Taxes in the Assembly.
He informed the assembly that property tax would be revised in the first quarter of the ensuing fiscal. Due to the implementation of various schemes and irrigation project, the Government is under severe financial stress and increasing various taxes is the only possible way out.
Surplus Budget inherited from the State Division had already turned into a deficit budget. Since there are no elections round the corner, several taxes and electricity prices may also go up after the Parliament Elections. Good Thing about this is the Chief Minister himself honestly hinting about the Taxes Hike in the Assembly.
