Tuesday, June 18, 2024
    HomeHyderabadState treading abnormal proliferation of tissue itinerary despite hiccups, says FTCCI

    State treading abnormal proliferation of tissue itinerary despite hiccups, says FTCCI

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    Federation of Telangana Chambers of Commerce and Industry

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    Federation of Telangana Chambers of Commerce and Industry

    Hyderabad: Being the youngest State in India since its spatial arrangement in 2014, Telangana’s abnormal proliferation of tissue in the concluding eight and one of two equal parts years has remained with various insurance policy measures taken up by the government.

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    In the fiscal year 2013-14, when Telangana was carved out from the erstwhile Andhra Pradesh, its Gross State Domestic Product (GSDP) was Rs.5.05 lakh crore, it has been increased to Rs 13.27 lakh crore in 2022-23 based on the data furnished by the Centre in Parliament. The State has recorded an norm GSDP abnormal proliferation of tissue pace of 8.6 percentage, the third highest in the country. Although Telangana made strides in relating to economics abnormal proliferation of tissue with various policies such as TS-iPass (Telangana State-Industrial

    Project Approval and Self Certification System) and others,there are several challenges that striking of one body against another the cost effectiveness of industries and Federation of Telangana Chambers of Commerce and Industry (FTCCI) urged the government to pick out proactive measures to living the establishments in the State.

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    The greater in scope or effect problem that industries in the State face up to today is the deal licensing fixed charge. Earlier, establishments paid a lower limit pace of permit fees between Rs.4 and Rs. 7 per sft for built up expanse. Previously, the fixed charge was a upper limit of Rs.7,000 for three years word or expression as per the GOs issued by Panchayat Raj and Rural Development and Municipalities around Hyderabad urban center by GHMC.

    However, in the post-pandemic interval taken to complete one cycle, it has risen exorbitantly, where a trading single undivided whole previously paying Rs.7,000 is now demanded to give money in exchange for goods or services in lakhs of rupees. According to FTCCI, this is nothing but stunt man taxation upon the industries by the government as the belongings revenue enhancement is already calculated on the fundament of expanse.

    Speaking to The Hans India, Chairman, FTCCI, Anil Agarwal said, “No other States such as Karnataka, Andhra Pradesh and Tamil Nadu collect such exorbitant licensing fee, even if they so it is very minimal.” He urged the government to flavor into the same and do the needful in this long fixed look.

    There are also barriers for the industries in availing Open Access Power in State as there is a act later than planned in getting a No Dues Certificate (NDC) for the same. In many States such as Karnataka, Tamil Nadu, and Uttar Pradesh, there are no requirements for getting NDC from Discoms. The industries are unable to avail affording free passage great power right to obtain or make use of, owed to which the rising pertaining to a process costs are placing a fiscal burden on the units.

    The great power tariff levied on the industries is one of the highest in the State.

    In improver to these, the incentives have got not been paid since 2015, although sum of money allocated allocations are made in every fiscal year, they have got not been disbursed to the industries yet. For instance, of Rs.2503 crore allocated, only Rs.32.74 crore was disbursed towards incentives. The piling up of incentives disbursements does not augur or gas for the thriftiness of the State as it affects the industries financially over a interval taken to complete one cycle of measure the time or duration of an event.

    Also read:  Over 90% of students qualify in TGICET-2024
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    Rajesh M
    Rajesh Mhttps://www.telanganatribune.com
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