Central govt allows TN to borrow additional Rs 9627 crore

Union Ministry of Finance has given consent for Tamil Nadu to borrow additional 0.5% of gross state domestic product (GSDP) amounting to Rs 9627 crore for financial year 2020-21.

Minister of State for Finance Anurag Singh Thakur said this in a written reply to a question Rajya Sabha, while responding to DMK MP P Wilson’s query on whether the Union government has received any request from the Government of Tamil Nadu for sanction of special grant funds to fight against COVID-19.

Thakur said, “The Union Government has received a request from the Government of Tamil Nadu for special grant of Rs. One lakh crore to all the States, including an amount of ₹9000 crore to the State of Tamil Nadu.”

The Minister added that the States have been allowed to do additional borrowing for financial year 2020-21 as a part of Aatma Nirbhar Bharat Abhiyaan package.

To bring more people under Covid-19 testing network, Tamil Nadu Municipal Administration Minister S P Velumani on Monday flagged off 20 mobile testing vehicles in Coimbatore.

The vehicles were necessary considering the increasing number of coronavirus cases in Coimbatore district of late, and would help identify those affected so that treatment can be given at the earliest, Velumani told reporters.

Around 81% of the respondents across eight districts in Tamil Nadu were willing to shift to alternate brands as long as they get a price arbitrage, showed a research report.

Rural assisted e-commerce platform Boonbox in partnership with Economix Consulting Group (ECG) has unveiled a research report on the changing consumption behaviours and patterns in rural Tamil Nadu owing to Covid-19.