Tamil Nadu CM Jayalalithaa asks Centre to be cautious on tax-consessions
26 Aug 2014 8:43 AM IST
Tax concessions would also make the neighbouring states totally uncompetitive
Tamil Nadu Chief Minister J. Jayalalithaa (Photo: PTI/File)
Chennai: Tamil Nadu Chief Minister J. Jayalalithaa advised the Centre to be cautious before providing areas based on tax-consessions in Andhra Pradesh or Telangana State.
“Any extension of such area based concessions to Andhra Pradesh or Telangana will cause a huge flight of capital and relocation of industries in particular from neighbouring states. It would also make the neighbouring states totally uncompetitive,” Ms Jayalalithaa said.
( Source : dc correspondent )
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