O Panneerselvam, 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 revenue of Rs 219,375 crore comprising Rs 149,429 crore of state’s revenues and Rs 69,946 crore as Central transfers in the form of shared taxes
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
MISSED OPPORTUNITIES
The budget: Should have opted for a higher fiscal deficit to stimulate growth
PREVIEW SUGGESTIONS
M R Sivaraman, Revenue Secretary in the early 1990s, earned a reputation for frequent and close interactions with offices and supervisions of the tax spread across the country. The then Finance Minister, Dr. Manmohan Singh, paid rich compliments to Sivaraman’s stewardship at the critical time of India’s transition into a
Welcome prudence in fiscal management
Goodies for everybody! Nothing interim about it
In more ways than one, the Piyush Goyal budget was different. First, unlike previous finance ministers, many of them lawyers or career politicians, Goyal, a chartered accountant, did not confine to reading the printed text. He made it lively with detailed explanations of the proposals in English and Hindi. Also,
Budget 2018-19, Magnificent Modicare
Arun Jaitley’s fifth budget is remarkable for its focus on agriculture, health, infrastructure, education, and the relief offered for senior citizens. The booming stock market, not entirely related to the performance of companies, attracted attention: the budget has proposed a 10 per cent tax on the long-term capital gain. The
