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Wed, Oct 16, 2019 | Last Updated 5:22 pm IST

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T govt welcomes FMs steps on economy

T govt welcomes FMs steps on economy
T govt welcomes FMs steps on economy

hyderabad: Telangana Planning Board vice-chairman B vinod kumar on Friday said the measures announced by Union finance minister Nirmala Sitharaman to support economic growth and job creation are timely and will spur investment in the country.

In a statement here, Vinod said the changes in corporate tax structure have become competitive across the world. “The stock market Indices have also seen the highest increase since the economic reforms of 1991,” he pointed out.

Vinod hoped Telangana would attract new investments in the manufacturing sector thanks to the TS-iPASS industrial policy. “We will make use of the interventions announced for the corporate sector and see to it that Telangana gets a big boost in the manufacturing sector and job generation,” he said.

He, however, said the Centre would face fund shortage, which would impact fund flow to the states. He said Sitharaman’s measures would eat away Rs1.45 lakh crore per year and this would dent the fund flow to states                                                             

T govt welcomes FMs steps on economy
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Susant is a keen observer of human behaviour and a devout Tina Fey worshipper. He is a good listener and will gladly listen to all your rants and raves. This job has made him shift base from the far-flung suburbs to town, and He is therefore now adapting to a new lifestyle (which is a sweet coincidence as she manages the lifestyle section at IndiaHeraldGroup) He is a TV fanatic and has watched most of your TV shows well in advance. Susant’s favourite shows include ‘Mad Men’, ‘Dexter’, ‘Game of Thrones’ and everything between. His newfound passion is running and thinks that a good 30-minute-run is the ultimate key to happiness. Also, loves the sound ‘hmm’ a lot..