Formulate policies to improve per capita income, Yanamala tells officials

Amaravati: Prepare plans and policies to improve per capita income and living standards of public, Finance Minister Yanamala Ramakrishnudu directed officials at a meeting conducted to finalise the Socio Economic Survey report for the financial year 2017-18 on Saturday.

Highlights:

• Says priority will be accorded to development of MSME sector
• Stresses need for improving facilities in govt hospitals to reduce burden on common people

The report would be tabled in the Assembly before presentation of the State Budget for 2018-19.

Speaking at the meeting convened in Vijayawada, Yanamala Ramakrishnudu said that they would give priority to MSME sector development in the state.

He also added that Chief Minister N Chandrababu Naidu has been promoting global companies on a large scale. Yanamala stressed the need to focus more on service sector and also promotion of tourism. The Finance Minister also said that emphasis is being laid on creation of more jobs in Information Technology.

Referring to housing, he said as the houses are being constructed in both rural and urban areas, the government aimed to complete construction of the houses in the coming financial year. The aim is to provide housing facility tor every family in the State, he said. This would also boost the business of the real estate.

As the per capita incomes of both rural and urban differs naturally, there was a need to calculate the rural per capita income separately and based on that calculation only the government has to formulate policies to increase rural area per capita income, the Finance Minister said.

Since the public spending on health has been increasing, the infrastructure in government hospitals should be improved to reduce burden on common man, he told the officials. He pointed out that both the government and public are spending more and more on health sector.