On being asked if the high government revenue collection seen in both direct and indirect tax provided scope to do away with the windfall tax, the official said:
The number of road accidents in 2022 increased by 11.9% compared to 2021, and the number of deaths and injuries on account of road accidents increased by 9.4%, Gadkari said | Latest News India
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Highlights
Borrowings by the TN govt were well within limits prescribed by the Finance Commission, state Finance Secretary S Krishnan said on Tuesday.
He also said that Tamil Nadu s share of taxes on petroleum products has fallen since the introduction of cess by the Centre.
Chennai: Borrowings by the Tamil Nadu government were well within limits prescribed by the Finance Commission, state Finance Secretary S Krishnan said on Tuesday.
Addressing the post-budget press conference, he also said Tamil Nadu s share of taxes on petroleum products has fallen since the introduction of cess by the Centre.
Amid Opposition criticism of the state s overall estimated debt of Rs 5.70 lakh crore with the government intending to borrow Rs 84,686 crore, the official said it was within the 15th Finance Commission limits, unlike some states which have raised more funds breaching the ceiling.
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Increase in spending for health
Owing to COVID-19 pandemic and an increase in spending for health and relief, the total revenue deficit in 2020-21 is estimated to be Rs. 65,994.05 crore, a substantial increase from Rs. 21,617.64 crore projected in the Budget Estimates 20-21, Mr. Panneerselvam says.