Fragility to Fast Track?

Arun Jailtley mentioned that the UPA’s fragile economy is on fast track now. CSO forecast of GDP growth on the eve of the Budget 2018-19, however, is 6.5%, the slowest of the last four years. What has moved fast?

Union Budget presentation moved from March end to February end. Insolvency and Bankruptcy Code completed its first anniversary. But the MSMEs are yet to get their deal. All the goods carriers from North East to down South Kerala move without any check post hurdles and the palm greasing saving nearly Rs.30000cr for various companies. Indirect Tax Reforms through GST with all its initial hiccups is still with glitches. Tax compliance moved an inch up on direct taxes although only 1.2% of the tax filers paid taxes.

Bring in two-tier cooperative sector

Telangana is a trendsetting State proved its maturity in thinking, policy, performance and reforms. It’s unparalleled digital journey led to TSiPASS, T-Hubs, TIHCL, T-Valet, Ma Bhoomi and many a start up securing first rank in EODB. Its growth rates in agriculture and services thus far have put the state on top in the country.

It has set a new trend in governance getting closer to people with decentralising administration through the 31 districts carved out of 10 at the time of formation of the state. It has become a favoured state for investments. The State is firmly put on global radar with the Global Enterprise Summit and World Telugu Conference.  It is aware that the journey is unfinished and many miles to go. The visionary leadership of the Chief Minister saw a potential in cooperative sector if reformed through appropriate legislative interventions.  Here are a few thoughts for his consideration.

TIHCL Inching Forward

https://telanganatoday.com/tihcl-gets-rbi-nod-for-nbfc