Stamps dept incurs Rs 200 crore loss due to stir

HYDERABAD: The Stamps and Registration Department has incurred a loss of Rs. 200 crore due to Sakala Janula Samme in Telangana, which entered the 39th day on Friday.According to stamps and registration principal secretary M Sahoo, the department is incurring a loss of  Rs. 7 crore per day on an average due to the ongoing strike. Of the total revenue target of  Rs. 4,200 crore for the current fiscal, the department generally gets 30 per cent of revenue from Hyderabad and Ranga Reddy districts.There is also shortage of stamp papers in Vizianagaram and other districts due to the strike. The shortage has resulted in sale of stamp papers at a premium by some private vendors.It gets stamp papers of Rs. 50 and Rs. 100 denomination from Nasik, while stamp papers of Rs. 10 and Rs. 20 are printed in Hyderabad