financetom
Politics
financetom
/
Politics
/
Relief for discoms, MSMEs on top of Tamil Nadu's agenda at PM's meeting
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Relief for discoms, MSMEs on top of Tamil Nadu's agenda at PM's meeting
May 11, 2020 7:38 AM

Tamil Nadu may reiterate its demand for a Rs 9,000 crore relief package, when state chief minister K Palaniswami interacts with Prime Minister over video-conferencing, according to sources in the government. The state has been requesting for the sum to revive its industries in the aftermath of the COVID-19 lockdown across the country.

Of the sum, the state has said it plans to allocate Rs 1,000 crore towards improving medical infrastructure in the state, including the purchase of PPE suits for medical staff. The state government has also requested the Centre to allow for a six-month deferment of payment of GST by smaller companies across Tamil Nadu.

In late April, Chief Minister Palaniswami wrote to Prime Minister Modi requesting for a bailout of the state’s distribution companies, especially the Tamil Nadu Generation and Distribution Company (TANGEDCO), which had suffered an acute fall in revenues in the aftermath of the lockdown and the subsequent drop in demand for power.

In a letter, the chief minister said that if a bailout package did not come through, TANGEDO would not be in a position to continue supplying power to consumers.

Tamil Nadu is unlikely to request for an extension in the nationwide lockdown, which is scheduled to conclude on May 17, despite the state’s tally of COVID-19 cases numbering 7,200. Manufacturing units outside Chennai are currently operating with 50 percent of their workforce, while standalone stores in Chennai have been allowed to re-open.​

First Published:May 11, 2020 4:38 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Brahmapuram waste plant fire: Kerala Assembly witnesses uproarious scenes, LoP says CM running away from issue
Brahmapuram waste plant fire: Kerala Assembly witnesses uproarious scenes, LoP says CM running away from issue
Mar 13, 2023
A fire that broke out at the waste treatment plant in Kochi on March 2, 2023, continues to spread toxic fumes even after 11 days of the incident. The Kerala government has said that 95 percent of the fire has been extinguished, but the smoke from the landfill has not entirely subsided. 
Lok Sabha passes Forest (Conservation) Amendment Bill — All you need to know
Lok Sabha passes Forest (Conservation) Amendment Bill — All you need to know
Jul 11, 2023
Activists have contended that words like "ecotourism facilities" and "any other purposes" are too vague and may pave the way for widespread exploitation and misuse.
Govt blames inaction by AAP in Punjab, Delhi for bad air quality
Govt blames inaction by AAP in Punjab, Delhi for bad air quality
Nov 6, 2023
Accusing Kejriwal of being busy with election campaigning in poll-bound states and waking up to the situation late, Minister of State for Consumer Affairs, Food, and Public Distribution, Ashwini Kumar Choubey, said that the Centre had held a meeting with Chief Secretaries and senior officials from four North Indian states on 20th October to discuss measures to reduce air pollution, which he claims weren't adopted by the AAP-led governments.
What is the debate over Biodiversity Bill, likely to be tabled in monsoon session of Parliament
What is the debate over Biodiversity Bill, likely to be tabled in monsoon session of Parliament
Jul 12, 2023
The new bill exempts registered AYUSH practitioners and people accessing codified traditional knowledge, from sharing benefits with local communities or giving prior intimation to state biodiversity boards before accessing biological resources.
Copyright 2023-2026 - www.financetom.com All Rights Reserved