Chennai: State finance minister Marie Wilson said on Wednesday that the previous DMK govt made an unrealistic projection of state’s own tax revenue (SOTR) in the interim budget presented by then finance minister Thangam Thennarasu in Feb this year. Thangam Thennarasu responded that they were ‘ambitious estimates’, not unrealistic projections.In his reply to the debate…
Chennai: Reiterating the commitment of the state govt in fulfilling the poll promises made by TVK, finance minister Marie Wilson said on Monday that 125 of the 436 promises announced by his party have been included in the state budget presented by him a few days ago.“We (TVK) formed the govt amid severe financial constraints,…
Chennai: The TVK govt has sought to present its budget as the first step in a multi-year fiscal repair exercise, betting that a combination of stronger revenue mobilisation and tighter spending discipline can gradually restore the state’s finances without sacrificing the govt’s welfare commitments.And on top of the agenda to bring in more revenue are…
A large portion of state revenue is devoted to salaries and pensions, consuming over half of the total MUMBAI: Maharashtra’s economy continued to outpace much of the country in 2024-25, but the state’s finances are coming under increasing strain as rising revenue expenditure, mounting committed liabilities and persistent weaknesses in budget management threaten the government’s…
Mumbai: The Comptroller and Auditor General (CAG) has criticised the implementation of the Mukhyamantri Majhi Laadki Bahin Yojana, saying it was marked by “significant deficiencies” in budget estimation, expenditure control and financial management.The CAG report released on Friday said state govt had spent over Rs 33,237.2 crore on the scheme, exceeding its budgetary provision by…
Kolkata: South 24 Parganas’ Falta, in the eye of a political storm, will be turned into a model block.While presenting the state budget on Monday, finance minister Swapan Dasgupta said, “Falta area in South 24 Parganas is planned to be developed as a model block. In the first phase, Falta BPHC will be upgraded to…
Dakshina Kannada MP Capt Brijesh Chowta addresses the media in Mangaluru on Wednesday Mangaluru: Dakshina Kannada MP Captain Brijesh Chowta alleged that the three-year achievement of the state govt led by chief minister Siddaramaiah was pushing Karnataka into the “loop of indebtedness”.Chowta told reporters on Wednesday, that Karnataka was once known for fiscal discipline and…
