Chennai: The White Paper presented by Tamilnadu Finance Minister PTR Palanivel Thiagarajan appears more like a corporate presentation of balance sheets, schedules and analysis to board of directors and investors, said K E Raghunathan of Consortium of Indian Associations, adding: “This is good and a step towards a transparent governance.”
In a statement, he said the Minister has highlighted and indicated the need to increase the revenue by hiking the price of tax revenue, power cost, bus fare, water tax etc and make the people pay well for availing good or better services.
“According to him, continued borrowing and widening of deficit is not good and needs urgent correction.”
Raghunathan added: “Unfortunately, though a commonman may not understand any of this, at this juncture when the personal income of individuals and enterprises are already under tremendous pressure, with the Central government having done its part of making higher inflation with fuel costs, zero tax concessions, etc any move by Tamilnadu govt to increase cost of any tax or services at this juncture will not go well with the masses.”