Ad Here  
Three more leather clusters… TVS Logistics – another acquisition to sharpen the business model Realising double digit growth in Tamil Nadu Rating of states to be released soon Connecting the unconnected Indian Bank – global businesses crosses Rs 3 lakh crore... Housing Innovation Challenge, 2015 Placing the right shoe forward... Hyundai excites again European crisis is a global crisis! World labour laws at a glance Chola MS net crosses 100 crores Auto test tracks launched at GARC Oragadam campus Techies trip to India Indigo stays leader with 40 per cent share TOP 10 CEO Compensation Adding Zest to Scooty Chennai Port is at last decongested! Innovation that helped Chennai port Flexible labour laws… Business Briefs Focus on self-certification and third party inspection ALL-two launches in a row STFC raises money ALL to launch electric busses Well-refined – RIL’s refinery margins zoom TiE applauds innovative entrepreneurs Blue Star plans a new plant in south Changing dynamics in human resource management TCS’ revenues cross Rs 100,000 crore Downsizing spree... Dynamic e-commerce scenario Digital retail transactions stabilise at higher level… Four daughters and a proud father Realty sector takes a break... Towards peace of mind Nothing to hide... Industry-well poised to invest on expansion OBO Bettermann for better lightning protection More gensets and diesel engines from TAFE Need to focus on ease of doing business... Curbing steel imports will hurt small business... Automotive Vision Plan II... An aerospace-defence cluster in Tamil Nadu… Time to fast-pace the logistics sector Celebration time at MS Chola - Celebrating 180 years of relevance Brand leaders come forward... Research needs more funding IFCI to raise NCDs upto Rs 2000 crore Carrefour’s quick exit Inclusive and forward moving... SumInfra- corridor based development... Airlines wage price war Economic issues take a back seat at G20 summit Veritas Finance- financing the unfinanced The new look- 4s Verna LVB gears to become a financial supermarket Chola MS launches motor app Sun Edison launches solar pumps Make way for the new and dynamic railways Purdue and IIT-M sign the dotted line Economic, business and social sustainability Chennai will soon get its World Trade Centre A global plastic event in India Secured NCDs from Shriram City Smart controls for cooling large multi-zone spaces ... Reality bytes Backpack laboratory BRICS development bank Pharma market dozes Climate change may change the way businesses work... Apple maps – finding its way Murugappa- a year of consolidation Scoot offers just Rs.13,500 to ANZ... Creating Tamil Nadu Banana brand CUB: towards card-less withdrawal Ridley marathon to India Holiday Inn opens in OMR Chennai People Flow Day- Safety ALL – truck industry is recovering from degrowth Nigeria comes nearer AirAsia India infuses funds to fight out competition Investor friendly Japan Bridging the skill deficit in pharma industry TII’s single largest investment at Thiruthani Hero Motocorp - smooth ride Strategy war escalates between Hero and Honda ECGC expands operations Business Breif When Centre visits the state An American alliance in the chemical industry? Illicit markets a concern to growing economy Chennai to get a roundabout Metro Waste, a gold mine ISRO's 100th mission Schwing Stetter India joins hands with US-based Gomaco Gem of social service... Is Indian telecom industry heading for a monopoly? TN budget pragmatic and moderate on fiscal deficit Steel loses its sheen Big-ticket investments march towards Punjab On the ‘milky’ way Durga - India’s largest blast furnace; now operational Applauding enterprise... WABCO’s second Chennai plant Striking cords for 25 years… TII-challenging year with flat growth Tata Steel commence operations at Kalinganagar
TN budget pragmatic and moderate on fiscal deficit

The Tamil Nadu State Budget was critically reviewed in a seminar organised by the Madras Institute of Development Studies (MIDS). Director Shashanka Bhide called it pragmatic and moderate on fiscal deficit. But various other speakers, criticised it for not living up to the expectations and especially not implementing measures already proposed. However, “not mentioning certain reforms doesn’t mean that the government is not working on these,” countered Principal Secretary  S Krishnan.

Dr R Srinivasan, Associate Professor, Department of Econometrics, University of Madras said: “The government has not come up with new policy statements or plans and it acts like a care-taker government.”  According to Dr Srinivasan, the state is not good in collecting tax as well as non-tax revenues. The state has allowed public sector enterprises to borrow on behalf of the government and the same was not accounted. For example, Tamil Nadu Electricity Board has borrowed more on behalf of the state government, but not recorded it in the CAG report, he said.

“Looking at the budget on environmental and agricultural point of view, the state’s budget is friendlier,” remarked Dr L Venkatachalam, Associate Professor, MIDS.

The state has allocated around Rs 200 crore for rural solid waste management and the model clean village scheme. A sum of Rs 1803.30 crore was allotted for drinking water projects. Anyhow, there is no mention of pollution control measures taken by the government in the budget, pointed Dr Venkatachalam.

“The present Tamil Nadu budget is not addressing the needs of women. Giving freebies is not a solution to empower them,” said Dr S Anandhi, Associate Professor, MIDS.




Answering criticism, S. Krishnan and K Shanmugam, Principal Secretary said: “With a end-to-end computerisation of the PDS system under way, targeting subsidies will become facile. Freebies have helped a lot to eradicate poverty.”


Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236