Economy

Thennarsu Wants Release Of Funds For States

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In a significant appeal to the Union Government, Minister Thennarsu has strongly advocated for the release of crucial funds for various states, emphasizing the pressing need for financial support to maintain momentum on key developmental projects.

Highlighting specific priorities for Tamil Nadu, Thennarsu urged the Union Government to meticulously reconsider and ultimately approve the State’s detailed proposals for ambitious metro rail projects slated for the vibrant cities of Madurai and Coimbatore. These projects are envisioned as transformative initiatives, poised to significantly enhance urban connectivity, stimulate economic activity, and provide modern public transportation solutions for a large populace.

Furthermore, the Minister drew the Union Government’s attention to an external economic challenge casting a shadow over Tamil Nadu’s financial landscape. He pointed out the serious adverse impact being inflicted upon the state’s economy, directly attributable to recent tariff hikes initiated by the United States. This external pressure underscores the critical importance of prompt fund release and favorable consideration for state-led infrastructure projects to help mitigate economic strains and sustain growth.

Thennarsu’s plea is a call for concerted efforts between state and central governments to ensure that vital development initiatives are not stalled, and states are adequately supported to navigate both domestic financial needs and global economic pressures effectively.

Source: Original Article

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