Since both central and state tax revenues will fall short of the Budget Estimates, grant will help, says Palaniswami
Current Affairs : The Tamil Nadu Government has requested that the Center assign Rs 9,000 crore to battle Covid-19, as both focal and state charge incomes will miss the mark regarding the Budget Estimates. To compensate for the deficiency, the State has approached the Center for an extraordinary award to manage the pandemic and its delayed consequences on the State’s economy, said Tamil Nadu Chief Minister K Palaniswami during his cooperation with Prime Minister Narendra Modi.
He likewise requested that the Government discharge GST pay for the April-June period at the soonest.
The State has gotten Rs 512.64 crore from the Government of India in two tranches under the Emergency Response and Health Systems Preparedness bundle, out of an envelope of Rs 712.64 crore apportioned to Tamil Nadu. Palaniswami requested that the Center increment the bundle to Rs 3,000 crore.
Since Tamil Nadu has completely depleted the State Disaster Response and Mitigation Fund as of now, the State has looked for a specially appointed award of Rs 1,000 crore from NDRF quickly to battle the pandemic and the pending CMR sponsorship of Rs 1,321 crore right now, will encourage paddy obtainment.
The State mentioned Sidbi to give at any rate Rs 1,000 crore as renegotiate to Tamil Nadu Industrial Investment Corporation Limited from the RBI extraordinary bundles. This will help restore MSME businesses in Tamil Nadu. The unique Covid-19 advance item for SHGs ought to be executed by all saves money with an improved advance measure of at any rate 2 lakh rupees for every gathering and with upgraded premium aid, Palaniswami said.
All locale in the state ought to be remembered for Category-I for upgraded forthright intrigue aid. The CGFMU Scheme of upgraded mass credits with Government of India assurance to SHGs ought to be executed quickly and furthermore stretched out to Panchayat Level Federations in Tamil Nadu, said the Chief Minister.
Aditi Mehta 