TN Budget Live Updates: State Excise Duty On Petrol Is Reduced By Rs 3
TN Budget Live Updates: Finance Minister PTR Palanivel Thiaga Rajan have earlier hinted that some makeshift changes in the finances can be expected in this session of budget
Background
TN Budget Live Updates: DMK regime to commence its budget in Tamil Nadu today. It is interesting to see this year's e-budget is evoking public interest. Finance Minister PTR Palanivel Thiaga Rajan have earlier hinted that some makeshift changes in the finances can be expected in this session of budget in likes of increasing taxes, streamlining the distribution of subsidies. Budget to roll out starting today would end on September 21, with the bills expected to be passed on the final day of the session.
The White Paper released earlier, was welcomed by sect of politicians despite the opposition stood divided on this aspect. Taking the parameters mentioned in the White Paper into consideration, this budget session is expected to make a huge difference as Finance Minister talking a lot about the steps to be taken to work towards the development of the state.
Tamil Nadu Finance Minister PTR Palanivel Thiaga Rajan is expected to provide the revival trajectory as the DMK government calls the finance situation of the state as doomed debt ridden.
TN Budget Live Updates: PTR Presents Deficit Budget
Tamil Nadu Finance Minister PTR Palanivel Thiaga Rajan says the state's revenue for the fiscal year is Rs 2,60,409.26 crore, where as expenditure is estimated at Rs 2,61,188.57 crore. The budget deficit hit Rs 58,692.68 crore.
TN Budget Live Updates: State Tax On Petrol To Be Reduced By Rs 3
Tamil Nadu Finance Minister PTR Palanivel Thiaga Rajan says the state government's tax on petrol will be reduced by Rs 3 and as result, the government will incur a loss of Rs 1160 crores.
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