Thiaga Rajan meets Union Finance Minister, discusses Madurai GST meet and Metro funding
The Hindu
‘Union government has released ₹3,500 crore to Tamil Nadu under the interest-free loan scheme on Friday’
Tamil Nadu Finance Minister Palanivel Thiaga Rajan on Saturday met Union Finance Minister Nirmala Sitharaman in New Delhi to discuss, among other issues, the upcoming GST Council meeting in Madurai and funding aspects related to the second phase of Chennai Metro Rail project.
He told reporters: “We had a discussion with the Finance Minister today and also with other Finance Ministry officials yesterday. We sought a faster clearance from the Union government for the loan agreement with JICA and others for the Chennai Metro Rail project. They had asked for some details, which we have provided and we have been assured of faster clearances. The State has made its share of investment in the project,” he said.
Mr. Thiaga Rajan said the State had submitted details for release of funds under the Union government’s interest-free loan scheme for States, and it was not released as they had sought more details, which were furnished.
The Union government has released ₹3,500 crore to Tamil Nadu under the interest-free loan scheme on Friday, he said. Of the amount, ₹185 crore is for Optic Fibre Cable project and ₹3,265 is crore for State highways project, he said.
Mr. Thiaga Rajan said the GST council meeting has been delayed as a report from the Group of Ministers on issues related to gaming, GST Appellate Tribunal was yet to come.
“I insisted that we can go ahead with the GST council meeting without these topics for the meeting in Madurai.”
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