Chairman 16. Financial Commission ArvinD Panagariya on Thursday in Tirupati will appeal to representatives from trade and trade.
The AP Chambers of Commerce & Industry Federation (AP Chambers) asked 16. The Financial Commission to increase the decentralization of central tax revenue to states such as Andhra Pradesh, which are industrially retroactive and economically weak and therefore does not have sufficient means of development.
She also called on the Financial Commission to expand its support in the use of tax exemption and grants for seven backside districts under the AP reorganization Act.
During the meeting with the chairman of the ArvinD Panagariya Commission in Tirupati on Thursday, the AP delegation, led by President P. Baskar Raem, pointed out that Andhra Pradesh’s revenue was almost the lowest among the southern states, largely because of the state bifur, and its contribution to the nation state was the rest in the last five years.
In addition, the progress in the construction of the capital of Amaravati and Polavaram was the project, the establishment of a new railway zone and the development of the port of Ramayapatnam for financial restrictions. In view of this, the Commission should try to allocate further funds for the development of the state by considering it a special case, he said.
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Further, The Delegates of the AP Chambers appeald to the Commission to Liberally Grants for the Establishment of the MSME Parks, Earmark and Certain Percentage of the ADDITIONAL Tax Devolution to Industrial Infrastructure, Institutes Such As Central Food Technology Research Institute and National Institute of Food Technology Entrepreneurship and Management, And Mango, Banana and Palm Oil Boards, and Development of Ports, Industrial Corridors, Logistics Breaks and Integrated Connection between Roads, Railways and Ports.
Mr. Baskar Rao has proposed the commission to explore the proposals for “One Nation – One Fuel” and “One Nation – One Energy” to eliminate disadvantages in the development of states such as Andhra Pradesh to reserve part of the additional tax devolite for small and medium industries. the area.
Published – April 17, 2025 20:37
