Special Article on Tamil Nadu Budget 23
What Kalaignar accomplished those days is getting achieved these days.There is a little difference in the situation
When Kalaignar stepped in he had to face a feeble financial position only whereas when Stalin assumed office a duel demons were hovering over him,one the usual financial deficit and the other one the unprecedented havoc called Covid 19.
Here came the master stoke of the Chief Minister appointing the vibrant PTRP to encounter the situation. True to expectation of the CM the magnes opera of PTRP began to role.
What our FM started two years ago began to yield good results.
The fabulous budget of PTRP carries many a laurel
The first laudable and the foremost feature of this budget is the increase in revenue.
The total revenue receipts stood as 2,07,492 crores in 2021-22 and 2,45,660 in 2022-23 an increase of 38,168 crores.
The words of Adam Smith go like this”…that each time a deficit occurs,it leads to future deficits….it also leads to larger tax increases that would have been necessary to balance the budget initially “
Had Adam Smith been alive today he would have been envious on our FM who defied the rule of Adam Smith.
It is purely through money management and hidden austerity without wasting single paise of the people’s money and without taxing P.T.R.P. has curtailed the deficit and enhanced the revenue.This speaks immensely great of our F.M. who acts in accordance with the direction of our Dravidian model C.M
The next cardinal statistics derived from this budget is Gross State Domestic Product( GSDP) estimated to have grown around 14% which is far ahead of other states .
Then the way the budget allocates funds in a meticulously planned way to various sectors is something a lesson for the states and the centre to follow.
Circling on the axis of social justice the budget takes care of women,downtrodden,industries,education,infrastructure ,agriculture and what not!
John Eliott Cairnes said to be the” last of the classical economists ” says ” When you give money in the hands of poor, the economy will multiply “
That’s what the masterstroke of Rs.1000 ‘ urimai thogai’ monthly for the deserving women.
This step to revolutionize the lives of women and will indirectly boost the economical activities of the states,courtesy to the words of Cairnes!
This single announcement stunned the critics who were after the blood of Stalin for the slight delay in the implementation of the manifesto .
Those baiters easily forgot that their parties ‘poll promises were blown out in the wind long back
Another difference between DMK and its predecessor is, DMK does not merely announce a scheme without allocation of fund as it happened under the rule 110 in the past.
DMK allots fund for the implementation of every of their scheme.
Rs.7000 crores is allotted to cover minimum 80 lakh women from September onwards foe their Urimau Thogai Scheme
Then follows an array of benefits bestowed upon women besides free travel in the bus, Rs 1000 for the govt school girls to purse their college education and now Rs.30,000 crores as loan for women SHG.This govt.considers women’s participation is important to achieve 1 trillion economy by 2030.
To achieve this goal another step taken is establishing ’Startup Mission ‘ exclusively for women. This will be a boon to women entrepreneurs.
For SC/ ST also there is a Startup fund for 50 crores an increase by 20 crores of last year.
The institutions run by other departments for SC/ST come under School Education Department to improve the quality of education.
The salient feature of this budget is allotment of fund for the all-round growth of state under many heads and that is an amazing factor.
Chief Minster’s Breakfast Scheme a novel feat first of its kind in India is extended to 39,122 govt schools benefitting 18 lakh children This is an integral part of social justice concept to encourage the education of have nots,!
In the industrial front 100 crores allotted for next year’s Global Invesor Meet to attract foreign funds, new industrial parks at Virudunagar ,Vellore,Kallakurichi and Coimbatore districts.
50 most backward areas identified and project worth Rs 5 crores .
Global Sports City near Chennai, for health dept. 19,420 crores 660 cr more than last year, multi speciality hospital at Guindy to be named after Kalaignar to be opened soon ,metro for Kovai and Madurai with allotments of 9000 crores and 8500 crores respectively, Semmizhi park for Kovai ,Chola Museum at Thanjavur Phase II of Hogenakkal drinking water schene with with 7,145 crores
All these speak voluminously and astonishingly about the budget of this Dravidian Model govt
In the electricity front the most cheerful news is reducing the loss for TANGEDCO from11,955 crores to 7,825 crore and plan to double the electricity capacity by adding 33,000 MW.by 2030 with the implementation of 11 new projects.
Another revolutionary scheme is Rs7,500 for civil service preliminary participants and Rs 25,000 for those who cleared the preliminary. Tech Cities in Chennai ,Coimbatore and Hosur.The tech city will have centre’s of excellence innovation plazas,convention centre’s….all to boost the activities
One more master stroke of the budget is reducing the registration fee of land by 2% and increasing the guideline value of the land.
In brief ,this budget stands as an epitome of engraving the words of Stalin ‘Every thing for everybody ‘
All these performed with none too cooperation of the union govt.
When we chart out how the state govt gets one rupee,the astonishing factor is the share of central govt in the form sharing tax and subsidy is only 17 paise.
The remaining 83 paise are accumulated by the state from its own resource.
Another starling factor is Tamilnadu stands to lose 20,000 crores a year as the Union Government declines to extend the GST compensation period beyond June 30 last year
This is some thing horrible and unacceptable.
The so called champions of the so called Tamil Nationalism will not utter a single word against this utter blunder!
U.P. is three times popolated as Tamil Nadu.
We pay GST 4 times more than U.P. but gets only one fourth of what we pay GST to the centre.
What an irony.!
Within the limited source of income and with enormous skill in financial management , with sharp temperamental attitude towards social justice ,with an eye on the status of equality and exhibiting the burning desire of our CM imparting everything for everybody
TN tables the budget in the assembly attaining the thundering acclaim of the well wishers of the state
We cannot but give a sigh to note the words of Sanyat Sen, a noted economist who says
TN would have been 12 th country in the world had it been an independent status
This budget a roll model to follow which the political opponents were not able to swallow!
Written by C.A.Rajan M.A.
Resource Person in English, Author of A guide to grammar&Needhi Katchi to Dravida Model (Tamil)