We are balancing welfare outgo with prudent fiscal management: Thangam Thennarasu
2 days, 18 hours ago

We are balancing welfare outgo with prudent fiscal management: Thangam Thennarasu

The Hindu  

Since mid-2021, the Tamil Nadu government has rolled out several women-oriented welfare schemes that involve a significant annual financial outgo. He also highlights the Centre’s passive approach to the State’s request for funds to handle natural calamities such as the recent Cyclone Fengal. Excerpts: The State government has introduced numerous welfare schemes, such as Vidiyal Payanam, Kalaignar Magalir Urimai Thogai and Pudhumai Penn, which have significantly benefited women and involved substantial financial outlay. Given the significant impact of Cyclone Fengal across several districts, affecting daily life and assets, will there be any implications for the State’s Own Tax Revenue? Apart from GST, the effects of rate revision in Tamil Nadu State Marketing Corporation Limited and motor vehicle taxes have also shown a positive impact on the revenues.

Growth Tamil Nadu Tax States Cyclone Revenue State Funds Schemes Expenditure Union Government Cyclone Fengal Prudent Fiscal Management  cyclone  fiscal  thennarasu  balancing  management  welfare  prudent  state  outgo  funds  revenues  growth  tax  states  revenue  schemes  thangam  expenditure

History of this topic

Tamil Nadu’s own tax revenue grew 14% in H1, 2024-25: CAG
2 months, 1 week ago

Tamil Nadu’s own tax revenue grew 14% in H1, 2024-25: CAG

The Hindu  

Tamil Nadu’s Own Tax Revenue grew about 14% to ₹86,975.28 crore in the first half of fiscal 2024-25 from ₹76,257.13 crore in the first half of 2023-24, according to the provisional figures from the Comptroller and Auditor-General. Among the SOTR components, the State Goods and Services Tax collection grew 20.12% to ₹35,414.05 crore in the first half of 2024-25 from …

Tamil Nadu Presents Rs 49,278.73 crore Deficit Budget
10 months, 3 weeks ago

Tamil Nadu Presents Rs 49,278.73 crore Deficit Budget

Deccan Chronicle  

Chennai: The Tamil Nadu government on Monday presented a Rs 49,278.73 crore deficit budget for the year 2024-25. State finance minister Thangam Thennarasu said the state’s growth was higher than that of the national GDP, which was a positive sign, and that the growth advantage was expected to continue in the next year. Addressing the state Assembly, he said the …

Tamil Nadu Today | State Budget tabled in Assembly
10 months, 3 weeks ago

Tamil Nadu Today | State Budget tabled in Assembly

The Hindu  

Budget 2024 | Key takeaways and reactions Presenting his first Budget as the Finance Minister in this DMK regime, Thangam Thennarasu announced many welfare schemes and expansion of flagship programmes at the Tamil Nadu Assembly in Chennai. Criticising the Budget announcements, AIADMK leader Edappadi Palaniswami called it a mirage while BJP leader K. Annamalai said the Tamil Nadu government has …

Measures to make T.N. revenue-neutral to be keenly watched
1 year, 9 months ago

Measures to make T.N. revenue-neutral to be keenly watched

The Hindu  

Apart from the anticipation of an announcement on the monthly honorarium of ₹1,000 for women family heads, measures to achieve the goal of making the State revenue-neutral in three years would be keenly watched in the Tamil Nadu Budget for 2023-24 to be presented by Finance Minister Palanivel Thiaga Rajan on Monday. As per the provisional figures of the Comptroller …

Budget allocations in line with consistently rising State revenues, says Buggana
1 year, 9 months ago

Budget allocations in line with consistently rising State revenues, says Buggana

The Hindu  

Welfare is the most important guiding factor for the YSR Congress government and the successive Budgets in the last four years proved it, said Finance Minister Buggana Rajendranath Reddy, while giving a reply to the general discussion on the Budget in the Assembly on Friday. While replying to the doubts raised by TDP leaders on the budget estimates and allocations, …

Tamil Nadu bats for fiscal consolidation in Budget, keeps populism at bay
2 years, 9 months ago

Tamil Nadu bats for fiscal consolidation in Budget, keeps populism at bay

The Hindu  

Tamil Nadu Finance Minister Palanivel Thiaga Rajan on Friday presented the State Budget for 2022-23, which focused on fiscal consolidation path, sans any populist measures. In his Budget speech, Mr. Thiaga Rajan said the ruling DMK’s major poll promise of giving ₹1,000 a month to the woman head of the family would be implemented once the financial position improved. GSDP …

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