Jaya’s birthday: AIADMK, AMMK make it big

Tamil Nadu’s ruling AIADMK and Sasikala-Dhinakaran’s AMMK have lined up a series of events on February 24 (Wednesday) to mark the 73rd birth anniversary of former party chief and CM J Jayalalithaa.

All eyes are now on ousted AIADMK leader and Jayalalithaa aide VK Sasikala, who has completed her COVID-19 quarantine period. Her team is also preparing big for the event.

Meanwhile, Tamilnadu Deputy Chief Minister O Panneerselvam, who also holds the finance portfolio during the interim-budget presentation at the Assembly said that the State is expected to register positive growth of 2.02 per cent in 2020-21, as opposed to a 7.7 per cent negative growth projected at the all-India level.

The Deputy Chief Minister announced Rs 22,218.58 crore for the rural development sector in the interim budget. He also said that the state government has incurred a total expenditure of Rs 13,352.85 crores for handling the Covid-19 pandemic, and out of the 413 recommendations given by the economic expert committee, the government has implemented 273 of them.

Besides a wider-than-expected revenue deficit and fiscal deficit for 2020-21, the State’s debt is expected to cross Rs 5 lakh crore in 2021-22. Panneerselvam pointed out that Tamilnadu’s share of central taxes was reduced to Rs 23,039.46 crore in the Union Budget (revised estimates for 2020-21) from Rs 32,849.34 crore in the Budget estimates for 2020-21.

The aggregate revenue expenditure as per the revised Budget estimates stands at Rs 2,46,694.69 crore, about ₹6,000 crore more than the Rs 2,40,992.78 crore projected in the Budget estimates for 2020-21. DMK MLAs boycotted the interim budget presentation.