MP Dr M Gurumoorthy on Saturday wrote to Union Finance Minister Nirmala Sitharaman urging her to extend the moratorium on bank loans to the hospitality industry.
The MFIs said the sector is facing a few challenges in terms of higher credit costs and access to low-cost long term funds.
Mismanagement of the systems in raising loans out of FRBM limits have been driving the state towards a debt trap, Dinakar wrote to the Union Finance Minister.
As against the Budget estimate of Rs 30,557.35 crore non-tax revenue, the state realised only Rs 2,854 crore till October, 2021.
The Forum for Good Governance (FGG) made several suggestions to Finance Minister T Harish Rao ahead of the 2022-23 Budget.
All India Bank Officers' Confederation (AIBOC) suggested the implementation of a 5-day week to break the chain of the spread of the virus.
Finance Min urges Centre to approve revised outlay for Polavaram
Sitharaman said a similar demand for footwear was not agreed to. A group of state finance ministers that is looking at GST rate rationalisation, has been asked to look at tax rate on textile.
The Minister said the GST hike would affect the industry which is hoping to come out of the Covid crisis.
Telangana tells Union government to honour Finance panel recommendations, release backward districts grant as Harish Rao ‘told to’ skip the pre-budget meeting
The power tariff is less in Telangana when compared with Gujarat and other States in the country, Finance Minister T Harish Rao and Energy Minister G Jagadish Reddy said.
The increased cost of coal means an additional burden of Rs 725 crore on Discoms every year, the Ministers said.
Finance Minister K N Balagopal also said Kerala should be watchful to ensure that the art world is not affected even in times of the pandemic.
The meeting explored the options at hand to bridge the revenue gap, without raising the tariffs, and finally put off the decision to a later date.
Finance Minister Nirmala Sitharaman said that a large number of manufacturing and service sector companies are coming up for listing.