---

Floating casinos off Vizag coast proposed by Andhra Pradesh govt

Last year, in the month of July, the Andhra Pradesh government released a white paper accusing the previous state government of misgovernance, financial mismanagement, and neglect of investment in human and physical capital. The revenue surplus, which was nearly 1% of gross state domestic product in 2006-07, declined to 0.24% in subsequent years.

There are only limited avenues for states to raise taxes after the introduction of GST in 2017. The Y.S. Jaganmohan Reddy government is looking at options beyond raising taxes on fuels, liquor and tobacco to offset revenue shortfalls because of the coronavirus lockdown. The state has already raised alcohol prices by 75% during the lockdown. Tax collections of states took a hit during the prolonged lockdown, and the Centre’s GST revenues, too, collapsed, resulting in a sorry state for them. However, concerns regarding economic recovery remain as India’s covid-19 death toll has crossed the 100,000 mark and the number of infections has surged past 6.5 million.

For more updates about casinos across India, keep reading GutshotMagazine.com

---

---

More News

---