Micro and small-scale entrepreneurs submit demands to Finance Minister
Micro and small-scale entrepreneurs in Tamil Nadu have expressed concerns over increased fixed charges for electricity, which they believe are harming their businesses. They met with Finance Minister K.A. Sengottaiyan to discuss these issues and requested the withdrawal of the hikes. Additionally, they raised concerns about penalties imposed by the Commercial Taxes Department regarding old accounts.
- ▪The Federation of Industrial Organisations of Coimbatore met with Finance Minister K.A. Sengottaiyan to discuss fixed charges for MSMEs.
- ▪They requested the withdrawal of increased fixed charges for Low Tension electricity consumers.
- ▪The entrepreneurs are also facing issues with heavy penalties from the Commercial Taxes Department regarding old accounts.
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Office-bearers of the Federation of Industrial Organisations of Coimbatore (FOSIA) met Tamil Nadu Finance Minister K.A. Sengottaiyan, at Gobichettipalayam, and explained the need to withdraw the hike in fixed charges for the Micro, Small and Medium-scale Enterprises (MSMEs).The Federation explained the need to withdraw the hike in fixed charges for Low Tension electricity consumers up to 112 KW load. “These charges are creating severe financial crises that adversely affect the livelihoods of micro and small enterprises,” it said. “The Minister has asked for a detailed note on the impact of the fixed charges on MSMEs, the financial impact for the government if it is withdrawn, and so on. He has assured us to take it up with the Chief Minister,” said J.
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