As finances are ‘in dire circumstances’, a ‘business as usual’ approach can’t continue: Finance Minister
Finance Minister Palanivel Thiaga Rajan on Monday released a White Paper that showed Tamil Nadu’s finances were “in dire circumstances”, and hence a “business as usual” approach could not continue.
There was a need for structural reforms, starting with the government’s functioning and expanding to areas of policy and legislation, he said. Among such reforms was an idea to tax the rich more and use those taxes for the welfare of the poor and and the middle class, and for public works. He, however, ruled out any immediate measure to implement such an idea and said this should happen through consultations with the Chief Minister and the Cabinet.
‘Improper governance’
Mr. Thiaga Rajan blamed the current situation on a lack of political and administrative will and the AIADMK’s “improper governance” in the last seven years. However, he exuded…