In its maiden budget and subsequent debates for grants for departments in the state Assembly, the Chief Minister C Joseph Vijay-TVK government has rolled out a series of announcements committing a massive Rs 79,219.06 crore from the state exchequer in a landmark legislative push.
Coming amidst fierce criticism from political parties that the fiscal trajectory will cause severe strain on the economy, the government has also reiterated its commitment for fiscal prudence. It has formed a panel under veteran economist Montek Singh Ahluwalia to shore up an additional Rs 15,000 crore this year, amid concerns of an increasing debt burden.
Much of the 17 mega-announcements across departments made under Rule 110 in the Assembly during the 28-day budget session, which concluded on September 8, includes a transformative vision to modernise state infrastructure, secure energy independence, and deliver comprehensive agrarian relief.
The announcements are– power sector/power transmission …
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