Punjab targeting Rs.100 bn VAT collection
April 8th, 2010 - 7:28 pm ICT by IANSChandigarh, April 8 (IANS) Claiming that the state had registered the highest growth in value added tax (VAT) collection in the country, Punjab Deputy Chief Minister Sukhbir Singh Badal Thursday said Punjab would be targeting a Rs.100 billion (Rs.10,000 crore) VAT collection mark next year.
Badal told mediapersons at Kauli village, 35 km from here: “Resurgent Punjab has beaten the worldwide recession by recording highest ever VAT collection growth in the country.”
“VAT collection that could hardly reach the figure of Rs.5,000 crore (50 billion) in last 60 years of independence, jumped to Rs.8,150 crore (81.5 billion), registering average Rs.1,000 (10 billion) increase every year, during the last three years of the Akali-BJP government,” Badal said.
He added that the economy of Punjab had reclaimed its second position in the country, after touching rock bottom during the previous Congress rule in the state by being placed at the 24th position nationally.
- Punjab collects Rs.8,000 crore in VAT - Jan 15, 2010
- Parkash Singh Badal set to again be Punjab chief minister (Lead) - Mar 08, 2012
- New Punjab assembly a 'crorepati' club - Mar 11, 2012
- Manpreet Badal launches own political party - Mar 27, 2011
- Triangular contest on cards in most Punjab seats - Dec 25, 2011
- Akalis, Congress claim victory as campaigning ends in Punjab - Jan 28, 2012
- Over 77 percent voting in Punjab, one killed in violence (Roundup) - Jan 30, 2012
- Manpreet Badal to launch his party Sunday - Mar 26, 2011
- At 84, Badal begins fifth innings as chief minister (Profile) - Mar 14, 2012
- Akali Dal-BJP create history in Punjab, surprise Congress (Roundup) - Mar 06, 2012
- Top Punjab leaders are worth Rs.250 crore (Lead) - Jan 12, 2012
- Sonia questions Akalis on Punjab's poor (Lead) - Jan 19, 2012
- Punjab budget revenue deficit pegged at Rs.3,379 crore - Mar 14, 2011
- Badal to begin fifth term as chief minister Wednesday - Mar 13, 2012
- Top Punjab leaders are worth Rs.200 crore - Jan 12, 2012
Tags: akali, badal, congress, deputy chief minister, economy, rock bottom, rs 8, value added tax, worldwide recession