Hyderabad, Aug 7 (SocialNews.XYZ) Telangana Chief Minister A. Revanth Reddy on Friday discussed a strategic approach to improve the state’s financial health with eminent economist Arvind Subramanian.
The former Chief Economic Advisor to the Government of India met the Chief Minister at the Bodhi Pavilion within the MCRHRD Institute.
Against the backdrop of Telangana’s rapidly expanding economy, the Chief Minister held extensive discussions on leveraging Artificial Intelligence (AI) to boost GST revenues for the state exchequer and formulating a robust strategy based on this technology.
According to the Chief Minister’s Office, AI will be used to plug loopholes in the GST system while coordination among various departments will be enhanced to prevent revenue leakage.
Discussions specifically covered the reforms required in the GST and Excise departments. The Chief Minister stated that a system would be introduced to streamline processes for GST officials using specialised AI‑driven data, thereby facilitating a strategic path to enhance state revenue.
He emphasised that this process should not cause any hindrances or difficulties for businesses.
Subramanian explained that the use of technology would aim to improve the “Ease of Doing Business” while simultaneously increasing revenue for the state exchequer.
It was suggested that AI‑assisted coordination be established among the Municipal, RERA, Panchayat Raj, Electricity, Finance and Commercial Taxes departments, primarily to curb revenue leakage related to building and construction materials.
The Chief Minister directed that details regarding construction material requirements and corresponding tax estimates be recorded at the initial application stage for large‑scale building projects and contract works.
He noted that integrating this data with information from MeeSeva, Arogyasri and the CM Relief Fund would enhance administrative efficiency.
Key officials who participated in the meeting included CM’s Advisor K. Ramakrishna Rao, Chief Secretary Sanjay Jaju, Commercial Taxes & Excise Secretary Raghunandan Rao and Excise Commissioner Hari Kiran, among others.
Source: IANS
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