Thiaga Rajan meets Union Finance Minister, discusses Madurai GST meet and Metro funding

‘Union government has released ₹3,500 crore to Tamil Nadu under the interest-free loan scheme on Friday’

October 02, 2022 12:49 am | Updated 04:11 pm IST - CHENNAI

Finance Minister Palanivel Thiaga Rajan meeting Nirmala Sitharaman on Saturday.

Finance Minister Palanivel Thiaga Rajan meeting Nirmala Sitharaman on Saturday.

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.”

“We have also asked for providing the Income Tax and Employees Provident Fund Organisation data to Tamil Nadu, which would be helpful for our data purity project to better target schemes. The Income Tax data has been provided by Karnataka. We were assured that it would be provided soon,” he said.

The Tamil Nadu government also sought allocation for setting up National Institute of Pharmaceutical Education and Research (NIPER) in Madurai, he said. “An announcement was made but there was no allocation. They said that the NIPER scheme has been stopped. We have asked for its revival and an allocation along with testing facility, which would be helpful especially with AIIMS coming up in Madurai,” he said.

Union Finance secretary T.V. Somanathan, Economic Affairs Secretary Ajay Seth, Tamil Nadu Finance Secretary N. Muruganandam were present at the meeting.

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