Finance Minister Thangam Thennarasu accused the union government of betraying TN on many counts including the devolution of tax revenue. Replying to the discussion on the first supplementary estimates for the current financial year in the Assembly, the minister said the state continues to be one of the largest contributors to the country’s direct tax revenues. “But in devolution of… Continue reading "Tamil Nadu is being betrayed in Tax sharing: Thangam Thennarasu"
Tag: finance minister
The Reserve Bank, in a surprise move, on May 19 announced withdrawal of Rs 2,000 notes from circulation but gave public time till September 30 to either deposit such notes in accounts or exchange them at banks. The finance ministry on Monday said there is no proposal to extend the deadline for the exchange of Rs 2,000 notes beyond September… Continue reading "No proposal to extend deadline for exchange of Rs 2,000 notes"
Steep cuts on interest rates on small savings schemes, announced last evening, were rolled back by the government today with Finance Minister Nirmala Sitharaman declaring that “orders issued by oversight” would be withdrawn. The cuts in schemes ranging from the National Savings Certificates or NSC and Public Provident Fund or PPF, would have hurt millions of middle class depositors. “Interest… Continue reading "Centre rolls back interest rate cut in small savings scheme"