Skip to Content

Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2525

Election Fever. TN Government presents Tax Free Budget

By Sathyalaya Ramakrishnan
Chennai, 13 February, (Asiantribune.com):

With an eye on the coming Lok Sabha elections, the Tamil Nadu government on Thursday presented a tax-free budget for the 2014-15 fiscal with a special focus on power and industrial sector.

In the budget presented in State Assembly, Finance Minister O. Panneerselvam did not propose any fresh imposts for the next fiscal.

He also said Tamil Nadu Transmission Corporation proposed setting up of a green energy corridor with an outlay of Rs. 1,593 crore for evacuation of wind power with financial assistance from a German funding agency.

To promote the growth of Industry and Infrastructure, the State government has decided to hold a Global Investors Meet (GIM) in Chennai in October this year, he said.

Walk Out

DMK and its alliance parties on Thursday walked out of the budget session of the Tamil Nadu Assembly alleging that certain traditions over budget were not being maintained.

Citing a press release in which the government had said the House would meet at 10 a.m. on February 13, DMK’s Legislative Assembly leader M.K. Stalin said it was again changed to 11 a.m. the same day.

Talking to reporters outside the Assembly, he said, it would not be appropriate for DMK to be present in the Assembly, when government is not willing to look into its “shortcomings”.

DMK’s alliance partners Manidhaneya Makkal Katchi (MMK) and Puthiya Thamizhagam (PT), too, walked out voicing similar allegations.

Earlier, Mr. Stalin tried to raise some issue in the House, which was not allowed, after which he led his party members in staging the walkout.

- Asian Tribune –

-

diconary view
Share this


.