2 weeks ago
TVK Government Plans to Raise Rs 15,000 Crore Funds
A state government called the TVK wants to raise 15,000 crore rupees.
Finance Minister Marie Wilson said this money will help them keep the promises they made during elections.
The government has formed a special group called the Revenue Augmentation Committee to find ways to earn this money.
It plans to bring in stricter rules for registering motor vehicles and to make the GST tax system simpler.
Chief Minister C Joseph Vijay has also instructed the government to reduce the state's debt.
Wilson gave an example of an older government called the DMK.
The DMK promised to give poor women 1,000 rupees every month but started the scheme only two years after taking charge.
Wilson says the TVK will also carry out its promises once the financial situation improves.
So the plan is to earn more money first and then help the people of the state.
The TVK government plans to raise Rs 15,000 crore through various measures, Finance Minister Marie Wilson said on Wednesday.
Election promises will be implemented only once the funds are mobilized and the financial situation stabilizes.
A Revenue Augmentation Committee has been formed to raise money for welfare schemes.
Revenue will be boosted through regulations on the motor vehicle registration act, streamlining GST, and other measures.
Chief Minister C Joseph Vijay has instructed steps to reduce the state's debt burden.
- Who
- State Finance Minister Marie Wilson and Chief Minister C Joseph Vijay of the TVK government.
- What
- The government plans to raise Rs 15,000 crore to fund welfare schemes, implement election promises, and reduce the state's debt burden.
- Where
- Chennai, in the State Legislative Assembly.
- When
- Wednesday, during the debate on the State Budget in the Legislative Assembly.
- Why
- To mobilize funds so the government can deliver its election promises once its finances stabilize.
Key facts
- Target fund raise
- Rs 15,000 crore
- Finance Minister
- Marie Wilson
- Chief Minister
- C Joseph Vijay
- Revenue Augmentation Committee
- Formed to raise money for welfare schemes
- Revenue measures
- Motor vehicle registration act regulations, GST streamlining, and other measures
- Reference scheme
- DMK's Kalaignar Magalir Urimai Thogai - Rs 1,000 monthly for poor women, started two years after taking charge
Sources
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