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Tamil Nadu’s finances are not in great shape

Deputy Chief Minister, O Panneerselvam, who handles finance also, in his budget speech presented a detailed report on the performance of the different departments and listed the allocations. The budget for 2020-21 estimates a revenue of Rs 219,375 crore comprising Rs 149,429 crore of state’s own revenues and Rs 69,946 crore

Retain UII headquarters in Chennai

A couple of years ago, the Union government proposed the merger of the three public sector General Insurance Companies into a single listed enterprise. The New India Assurance Company Ltd., the largest of the general insurance company became a listed company but the merger of the other three has been pending.  Public

Tax matters

Largely a tax non-compliance society... “There are many professionals across the country - lawyers, doctors and chartered accountants, But it was unbelievable but true that only 2200 professionals in the country had declared earnings of Rs 1 crore per annum.” "In the last five years, more than 1.5 crore cars have been

TN – Agriculture vs Industry, should industry lose?

Recently Haldia Petrochemicals Ltd, West Bengal has offered to construct a petrochemical plant in Cuddalore at an investment of around Rs 50,000 crore. Chief Minister E K Palaniswami has assured the representatives of the company that permission for the plant would be expedited. This, coupled with infrastructural improvements in chemical clusters

Welcome efforts at building trust

The choice for the Finance Minister was limited. Nirmala Sitharaman had striven hard to rev up the economy that was on a continuous decline for over two years. With the scope for raising revenues limited, the finance minister has focused on the medium term, tapping non-tax sources for revenue. THERE HAS

He breathed population control…

T V Antony In a long list of civil servants, some are remembered for their passion, commitment and effectiveness. A few of these are admired for their rich contribution and advocacy of specific programs. I remember former finance secretary, K P Geethakrishnan, referring with awe to the prolific contributions of T

The Q3 results show an encouraging trend: several leading corporates have reported handsome profits.

Hyundai Motors: record exports in 2019 The Korean auto giant, Hyundai Motors, has developed its Indian plant as the second hub for exports after South Korea’s. During 2019, the company exported a record 181,200 units that formed 26 per cent of the 706,000 total passenger vehicles exported. The company is working