CM Revanth Reddy, Arvind Subramanian Discuss State Finances

Hyderabad: Renowned economist Arvind Subramanian. The former chief economic advisor to the Government of India met Chief Minister A. Revanth Reddy on Monday and held discussions on key economic and financial issues related to Telangana.

Deputy Chief Minister Mallu Bhatti Vikramarka, Revenue Minister Ponguleti Srinivasa Reddy, Chief Secretary K. Ramakrishna Rao and senior officials attended the meeting held in the Chief Minister’s chambers in the Legislative Assembly.

During the interaction, the Prime Minister and Deputy Prime Minister discussed issues such as cost structure in the power sector, valuation mechanisms in the stamp and registration department and tax estimation under GST. Broader aspects of financial management and strengthening of the state’s revenue framework were also discussed.

It is learned that Dr Subramanian has offered important suggestions to improve the financial health of Telangana. He advised the government to adopt a structured and well-planned approach to strengthen the economic position of the state and ensure sustainable financial management. Senior officials from the finance and revenue departments also attended the meeting.