WHITE PAPER ON TAMIL NADU’S FINANCES

White paper released by Tamil Nadu finance Minister has not revealed anything that is not known about the financial crisis faced by the state.

No plans have been indicated to overcome the crisis.
The solution does not lie in increasing the taxes. What is required is that the government should reduce the expenditure and stop the unnecessary freebies.

Several public sector organisations are running in huge loss and they need to be privatised or closed , as the government has failed to revive them over the last several decades.
Debt burden has to be reduced by selling away the “ dead assets “ which are in plenty.

Tax collection has to be improved which is possible if corruption free government machinery would happen.
Tamil Nadu has strong industrial base and can quickly come out of the present crisis, if the government would tone up the efficiency, avoid wasteful expenditures, privatise or close the loss incurring units and stop populist measures like free bus travel for women, with no consideration for economics of the transport corporation, which is heavy

The ball is clearly in the court of the Chief Minister and his ministers.

There is no point in blaming the past government, since during last over fifty years style of governance has been the same.

N.S.Venkataraman
Nandini Voice for The Deprived more  

View all 16 comments Below 16 comments
தாங்கள் எழுதிய எல்லா நல்ல யோஜனைகளும் செவிடன் காதில் ஊதிய சங்கு. இரண்டு கழகங்களும்' ஒரே குட்டையில் ஊறிய மட்டைகள்" என்று அன்றே பெருந்தலைவர் காமராஜர் தீர்க்க தரிசனத்துடன் கூறியது வேத வாக்கு. more  
Govts ruling rued going to rule definitely know Thirukkural. one Kural "Akaru alavu ittithayinum kedilai Pokaru akal kadai" more  
Even a novice know that the financial condition of the state is precarious. Throughout financial year of 2020 Apr - 2021 March transport was not operational and operated intermittently. Curse of state is that any opposition party acts as opposing party only. Now, the present Govt say that a huge part of revenue is going for staff salary. When for the same reason former Chief Minister Ms.J Jayalalitha took action on the Govt staff., then opposition leader supported agitated Govt staff instead of advising them. This is a paradox in India. Any party experienced as ruling Govt, when sitting at opposition will make it their right to oppose any good move by the then ruling government. And both parties want the other to suffer when into power. Strict steps in collecting tax arrears, stopping free bees, collecting moderate rentals for public buildings/shops let out to private people without opting for leasing out and permitting party men to take over the lease and enjoy huge rentals from private people.,. etc will improve the finances. For students bus passes should be provided with atleast collecting a minimum of Rs.100/- per month. Electricity charges to be collected for entire unit consumed without offering any free units. But the rate should be moderate and maintained. For agricultural purpose also the electricity to be charged atleast at a flat rate of Rs.2/- per unit. All announcements on loan waiver etc., should be withheld until the finance position of the state improves. Normal family people will feel it shameful in borrowing money and go out of limits in their spending. A state too should adopt that culture. For the voting public it is a general popular error to suppose the loudest complainers for the public to be the most anxious for its welfare. V A Sankaran. more  
The publication of the white paper is good. At least we know what happened in the last 10 years. But it should now be a part of the annual practice to compare the performance from the previous years. this will definitely create a more better transparency and governance. more  
It is It is a sane move by the Hon'ble minister to have released the white paper. It is good for the people enjoyng the welfare measures to know the financial situation of the State - Probably the Finance minister is preparing the people from now on - unlike the BOLT FROM THE BLUE WE THE INDIANS HAD IN 2016. Mr. Venkatraman, you rightly said that the un necessary Freebees - I also agree with you as far as theword unnecessary is concerned -for the Economy experts have said that giving essential equipments to the poor is an investment for the state , Banks don't advance so easily and Usuaries are only waiting for the kill. Gone are the days when a particular community would give money on nominal interest. The Freebee giving shouldn't become a competition between the 2 Great Dravidian Parties. Regarding collection of taxes. It is made one tax. It goes to the Union Govt. and the share of the State comes back.I hear that there is a huge share due to TN. Overall the people of the State have immense faith and confidence with the present Team which has on Head (oru Thalai) hundeds of brains, arms and Legs that co ordinate and act. We have wited 10 years,Lets wait and watch . more  
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