A high-level committee headed by former Reserve Bank of India Governor C. Rangarajan, which assessed the immediate and medium-term impact of the pandemic on various sectors of the State’s economy, is scheduled to submit its report to the Tamil Nadu government on Monday.
The panel’s head is scheduled to call on the Chief Minister and submit the committee’s report, containing recommendations, to the State government.
Though Deputy Chief Minister O. Panneerselvam announced in the Assembly in February that an expert committee would be constituted to recommend measures to improve the tax-GSDP ratio in Tamil Nadu, the COVID-19 scenario eventually changed the plan.
“In the present context, when COVID-19 has posed much more serious economic and fiscal challenges, the expert committee may be requested to examine the fiscal challenges facing Tamil Nadu and the way forward to improve its…