Tamil Nadu Budget 2021-22 Updates: Fiscal deficit for TN will be 4.33 pc
The much-awaited State budget begun in the Kalaivanar Arangam on Friday.
Tamil Nadu's finance minister Palanivel Thiagarajan is presenting the state's revised budget for 2021-22. Former deputy Chief Minister O Panneerselvam presented the interim budget for the year 2021-22 on February 23, before the assembly elections. Stay with DT Next for all the latest updates:
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- Semmozhi Karunanidhi Tamil award to be distributed every year
- Techniques such as D-GPS will be used for exact demarcation of land.
- All Assembly records to be digitized.
- Food subsidy for the year 2021-22 will be increased to Rs 8,437.57 cr.
- In the next 10 yrs 1,000 checkdams will be constructed in the state.
- TN govt to allot Rs 405.13 cr for Fire and Rescue dept.
- TN govt to allot Rs 1,713.30 cr for Judiciary dept including Rs 351.87 cr for constructing new buildings.
- Tamil Nadu govt will take steps to fill 14,3170 vacancies in the police dept. State will allot Rs 8,930.29 cr for police department.
- 4,133 places were identified as flood prone areas in Tamil Nadu and flood prevention works such as strengthening bunds and desilting works would be undertaken
- Tamil Nadu government will allot Rs 5 crore for excavation in historical sites such as Keezhadi, Sivagalai for the financial year 2021-22. An Onsite museum will be setup in Keeladi.
- "Through fuel price hike central govt's revenue increased by 69% but the revenue was not shared among states," says TN FM
Tamil Nadu government will allot Rs 5 crore for excavation in historical sites such as Keezhadi, Sivagalai for the financial year 2021-22. An Onsite museum will be setup in Keeladi
The State's Finance Minister PTR Palanivel Thiaga Rajan presented the State's budget today.
This comes close on the heels of the Minister releasing a white paper on the State’s finances, as was promised in his party’s poll manifesto a few months ago. PTR is expected to deliver feasible solutions to lower the outstanding public debate of Tamil Nadu, which is currently at a whopping Rs 5.7 lakh crore.
The Minister’s proposal for progressive tax reforms to reduce the outstanding public debt on citizens of Tamil Nadu (Rs 2.63 lakh per family) has heightened a sense of assurance among the people as the State struggles to recover from a brutal second wave.
The budget would also reveal how the Finance Minister, who had pegged the revenue deficit of the state for 2020-21 at Rs 61,320 core, which is 3.16% as percentage of the state GDP (Gross Domestic Product), proposes to strike a delicate balance between populism (poll promises) and reforms.
The budget session would also help understand if the ruling party would fulfil its poll promises like distributing Rs 1,000 assistance to home makers and reducing the tax on petrol. The ruling DMK is also expected to pass resolutions against the three farm laws and demand the scrapping or exempting Tamil Nadu from NEET.