DMK Chief Stalin Slams TVK Govt over GST Slump, Loss of Rs 1,614 Cr Korean Investment to AP
10 Articles
10 Articles
Annamalai attacks Vijay govt as Tamil Nadu clocks single-digit GST growth
Vijay TVK Tamil Nadu: Former BJP Tamil Nadu president K Annamalai and DMK chief MK Stalin have turned up the heat on Vijay's TVK government, questioning its economic priorities and ability to attract investments. Their attacks come amid months of sluggish GST growth and a Rs 1,614-crore Korean investment moving to Andhra Pradesh.
DMK chief Stalin slams TVK govt over GST slump, loss of Rs 1,614 cr Korean investment to AP
M K Stalin has accused the ruling TVK government of causing economic decline in Tamil Nadu. He pointed out the record lows in GST revenue growth compared to other states. A significant foreign investment proposal shifted to Andhra Pradesh due to governmental negligence. Former finance minister Thangam Thennarasu highlighted the worrying economic stagnation under the current regime.
Tamil Nadu GST growth at 3% in October, trails Kerala and Andhra Pradesh; Stalin, Thennarasu attack TVK govt, flag Rs 1,614 crore investment shift to AP
The growth of Tamil Nadu's GST revenue in October was a mere 3%, a stark contrast to the more favorable figures from Kerala, Karnataka, and Telangana. Former finance minister Thangam Thennarasu called attention to the essential need for enhancing domestic production. Similarly, M K Stalin, the former chief minister, argued that negligence resulted in losing Korean investments to Andhra Pradesh, revealing a troubling trend of economic stagnation …
Tamil Nadu's GST revenue growth has fallen below the national average. Under TVK administration, the state's development has been stifled. Investments from Korea worth ₹1,614 crore—which should have come to TN—have instead gone to AP. Furthermore, the 'Invest in Tamil Nadu' (Invest TN) initiative has been sacrificed to the personal egos of individuals within this government, alleged MK Stalin.
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