Hyderabad, Jan 18th: The state government on Monday approved an increase in the lifetime tax on four-wheelers but spared two-wheelers from the hike. There will be two tax slabs for four-wheelers. Vehicles costing more than Rs 10 lakh will pay a lifetime tax of 14 per cent of the value of the car and those below Rs 10 lakh will be charged 12 per cent. The existing lifetime tax on four-wheelers is nine per cent.
Sources said the health minister, Mr D. Nagender, and the panchayat raj minister, Mr Botsa Satyanarayana, took exception to the transport department’s proposal to increase lifetime tax on two-wheelers from nine per cent to 10 per cent and they had the support of other ministers. They argued that the department might get a maximum of Rs 25 crore per annum if the tax on two-wheelers was increased. They said the government could make up this amount elsewhere. It was also decided to increase tax on the second vehicle in a family and company-owned vehicles to 14 per cent .
Sources said the health minister, Mr D. Nagender, and the panchayat raj minister, Mr Botsa Satyanarayana, took exception to the transport department’s proposal to increase lifetime tax on two-wheelers from nine per cent to 10 per cent and they had the support of other ministers. They argued that the department might get a maximum of Rs 25 crore per annum if the tax on two-wheelers was increased. They said the government could make up this amount elsewhere. It was also decided to increase tax on the second vehicle in a family and company-owned vehicles to 14 per cent .
Universities to face competition Posted on 19-Jan-2010
Kakinada, Jan 18th: The Universities functioning in the country would have to face a stiff competition from foreign universities to be established in India in the near future, Jawaharlal Nehru Technological University, Kakinada, Vice-Chancellor Professor Allam Appa Rao said on Monday. Addressing a pr...
Hi-speed boat for Coast Guard Posted on 20-Jan-2010
Kakinada, Jan 18th: A high speed boat, built at the ABG shipyard in Surat, was commissioned at a function at the Indian Coast Guard, Kakinada station on Jan 18. Coast Guard Deputy Inspector General A Talha said the boat, which could sail at a speed of 45 nautical miles per hour, would guard the entir...
Techie's wife ends life Posted on 20-Jan-2010
Kakinada, Jan 19th: A twenty three year old women, Muddunuri Vasavi (23) committed suicide by consuming poison after suspecting her husband was involved in an extramarital affair here on Wednesday. She was immediately admitted at the government general hospital, Kakinada wherein the doctors declared ...
SHG women fail to repay loans Posted on 20-Jan-2010
Kakinada, Jan 19th: The women self help group (SHG) bank linkage program has been affected this year due to default in repayments by beneficiaries in East Godavari. The bankers are reluctant to continue financing for the scheme meant for womens uplift. The program enabled the district to stand in the...
MCA student ends life for Telangana Posted on 20-Jan-2010
Hyderabad, Jan 19th: Dejected over the 'inordinate delay' in the formation of separate Telangana state, an MCA student of the Osmania University committed suicide here on Wednesday. The student Venugopal Reddy poured kerosene over his body and set himself ablaze in front of the Tagore auditor...
CM to hold conference with DCs Posted on 20-Jan-2010
Hyderabad, Jan 19th: Andhra Pradesh Chief Minister K Rosaiah will hold a two-day conference with District Collectors from Jan 20 to fine tune the administration and reiterate the priorities of the Government. Revenue Minister D Prasad Rao said the government would lay emphasis on agriculture and '...
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