WHITE PAPER ON TAMIL NADU’S FINANCES
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.
Nandini Voice for The Deprived more