Loading video...

Video Failed to Load

Go Home

Impact After Term | 03 : Reducing the Revenue Deficit While Expanding Welfare When the DMK Government assumed office in 2021, Tamil Nadu was confronting one of the gravest fiscal crises in its history amid the devastating second wave of COVID-19. The State inherited a revenue deficit of nearly...

44,492 views • 3 months ago •via X (Twitter)

0 Comments

No comments available

Comments from the original post will appear here

Related Videos

Even by an accountant’s standards, it was a poor account of the management of the finances in 2025-26. Revenue receipts were short by Rs 78,086 crore, total expenditure was short by Rs 1,00,503 crore. Revenue expenditure was short by Rs 75,168 crore and capital expenditure was cut by Rs 1,44,376 crore (Centre Rs 25,335 crore and States Rs 1,19,041 crore). Not a word was said to explain this miserable performance. Actually, the Centre’s capital expenditure has fallen from 3.2 per cent of GDP in 2024-25 to 3.1 per cent in 2025-26. In revenue expenditure, the cuts have fallen in heads that concern the common people. Examples: ⦁ Rural Development: Rs 53,067 crore ⦁ Urban Development: Rs 39,573 crore ⦁ Social Welfare: Rs 9,999 crore ⦁ Agriculture: Rs 6,985 crore ⦁ Education: Rs 6,701 crore ⦁ Health: Rs 3,686 crore Funds have been cut in crucial sectors and programmes. Expenditure on the much-vaunted Jal Jeevan Mission was cruelly cut from Rs 67,000 crore to a paltry Rs 17,000 crore. (In 2026-27, it has been boosted to Rs 67,670 crore, but what credibility does the number have?) After the months-long exercise, the revised estimate of the fiscal deficit has adhered to the budget estimate of 4.4 per cent, and the projection for 2026-27 is that the fiscal deficit will fall by a meagre 0.1 per cent of GDP. The revenue deficit will remain at 1.5 per cent. It is certainly not a bold exercise in fiscal prudence and consolidation. The most serious criticism of the Budget speech is that the Finance Minister is not tired of adding to the number of schemes, programmes, missions, institutes, initiatives, funds, committees, hubs, etc. I counted at least 24. I leave it to your imagination how many of these will be forgotten and vanish by next year. : Former Finance Minister Shri P. Chidambaram

Congress

53,786 views • 6 months ago

Impact After Term | 05 : Special Initiatives of the Finance Department | 01 : Special Task Force — Identifying & Recovering Unutilised Public Funds Even before assuming office as Minister for Finance & Human Resources Management, Dr. Dr P Thiaga Rajan (PTR) consistently advocated stronger accountability and efficiency in public finance management through his interventions in the Tamil Nadu Legislative Assembly, as a member of the Public Accounts Committee and as the Opposition MLA who regularly initiated the Assembly's general discussion on the Budget between 2017 and 2021. After the DMK Government assumed office under the leadership of Thiru. M.K.Stalin, one of the administration’s central priorities was ensuring that public funds allocated for welfare and development were efficiently utilised and properly monitored. In the 2021–22 Budget, the Government announced a Special Task Force (STF) to identify dormant and unutilised government funds parked in bank accounts outside treasury oversight. The STF undertook a large-scale reconciliation exercise involving government departments, public institutions, district administrations, and banks across Tamil Nadu. Alongside this, a dual-track survey and verification mechanism was introduced to systematically identify dormant and unutilised public funds across fragmented financial accounts and institutions, while also strengthening transparency and fiscal oversight. Within the initial phase itself, nearly ₹2,000 crore in idle public funds was identified and recovered. According to the Tamil Nadu Government’s 2026–27 Interim Budget, the STF has since examined nearly 11 lakh bank accounts and identified over ₹12,078 crore in dormant and unutilised public funds. Resources that had remained scattered and unmonitored across thousands of accounts were brought back into the public financial system, making them available for welfare programmes, infrastructure development, and other public investments across Tamil Nadu. — Admin Team

Dr P Thiaga Rajan (PTR)

24,318 views • 2 months ago

Impact After Term | 07 : Special Initiatives of the Finance Department | 02 : Economic Advisory Council — Bringing Global Expertise to Tamil Nadu's Development Goals Major reforms are rarely shaped by a single viewpoint. The most successful governments create systems that challenge assumptions, incorporate diverse perspectives, and draw upon the best available expertise. Recognising this, the DMK Government led by Thiru. M.K.Stalin constituted the Economic Advisory Council in 2021. Conceived as a special initiative of the Finance Department under Dr. Dr P Thiaga Rajan (PTR), the Council brought together some of the world's most respected economists and policy experts to help Tamil Nadu navigate the economic challenges arising from the COVID-19 pandemic and chart a path towards rapid, inclusive, and sustainable long-term growth. The Council comprised Nobel Laureate Prof. Esther Duflo, former RBI Governor Prof. Raghuram Rajan, former Chief Economic Advisor to the Government of India Dr. Arvind Subramanian, development economist Prof. Jean Drèze, and former Union Finance Secretary Dr. S. Narayan. Deliberately designed to reflect different schools of thought on economics, development, welfare, and governance, each member was individually invited by Dr. PTR and accepted the invitation without prior knowledge of the other members who would eventually serve on the Council. As a result, this initiative brought five distinct perspectives to some of Tamil Nadu's most important policy challenges, helping shape its long-term development agenda and institutional reforms. Working under the leadership of the Hon'ble Chief Minister Thiru. M.K.Stalin and in consultation with various Government departments, the Council contributed to policy discussions across education, healthcare, social welfare, industry, energy, information technology, and public finance. Its recommendations helped shape Tamil Nadu's COVID-19 third-wave countermeasures, the Illam Thedi Kalvi scheme to address learning losses among students, support measures for MSME recovery, improvements in local body finances, and reforms to enhance the efficiency and sustainability of the power sector. The Council also contributed to data-centric governance reforms, Tamil Nadu's memorandum to the 16th Finance Commission, and strategies to strengthen the State's fiscal health. Notably, all five members of the Council contributed their time, expertise, and guidance entirely in a public-spirited capacity, without accepting any remuneration from the Government. — Admin Team

Dr P Thiaga Rajan (PTR)

18,834 views • 2 months ago

Impact After Term | 15 : TVA's Tamil Digital Library — Bringing Tamil's Civilisational Knowledge to the Digital Age Established by Kalaignar in 2001 to enable the Tamil language to thrive in the Internet era and promote Tamil learning across the world, the Tamil Virtual Academy has spearheaded several pioneering digital initiatives. Among its most significant has been the Tamil Digital Library—created to preserve centuries of Tamil literature, manuscripts, archival records and cultural resources in digital form, while making them freely accessible to students, researchers and Tamil communities worldwide. Following the formation of the DMK Government in 2021, the Tamil Digital Library underwent a significant transformation. As Minister for Finance and Human Resources Management, Dr. PTR allocated ₹96.65 lakh in the 2022–23 Budget to accelerate the digitisation of rare books, manuscripts and archival collections. After assuming charge as Minister for Information Technology and Digital Services, he oversaw the next phase of its expansion, broadening both its scale and public accessibility. Today, the Tamil Digital Library hosts over one lakh rare books, manuscripts, journals and historical records. Nearly 19.89 lakh pages have been digitised, including over eight lakh palm-leaf manuscript pages, thousands of rare photographs and hundreds of hours of archival audio-visual material—creating one of the largest digital knowledge repositories dedicated to an Indian language. The initiative also placed a strong emphasis on accessibility. With an allocation of ₹1 crore for the Inclusive Digital Library, access was expanded for persons with visual impairments. During Dr. PTR's tenure as Minister for Information Technology and Digital Services, 12.85 lakh pages were converted using OCR technology, while 1.30 lakh pages were made available in accessible formats such as DOC, EPUB, DAISY and Braille-compatible editions. The initiative was further expanded through a series of dedicated digital knowledge platforms, including Tamilar Thagaval Attruppadai, the Digital Cultural Atlas and Kalaignar Karuvoolam. During this period, the complete digitised works of 38 eminent Tamil scholars, literary figures and leaders were also made publicly accessible, alongside thematic digital collections preserving Tamil Nadu's literary, political, social and cultural history. The impact has been substantial. Website visits increased from 1.25 crore in 2021 to over 17.25 crore by 2026, with more than 13.27 crore visits recorded during Dr. PTR's tenure, reflecting the growing global use of these digital resources. The Tamil Digital Library has transformed centuries of Tamil knowledge into a living digital resource for future generations.

Dr P Thiaga Rajan (PTR)

20,113 views • 1 month ago

Impact After Term | 09 : Special Initiatives of the Finance Department | 03 : Litigation Risk Management System Public finance management is not limited to budgeting, revenue mobilisation, and expenditure control. It also requires identifying and mitigating risks that could impose significant financial liabilities on the Government in the future. When the DMK Government assumed office in 2021,Tamil Nadu was facing numerous high-risk litigations involving taxation, land acquisition, personnel-related matters, and procurement disputes, many of which carried the potential to impose substantial financial burdens on the State Recognising the need for a more structured approach, Dr. Dr P Thiaga Rajan (PTR) announced the creation of a Litigation Risk Management System in the 2021-22 Budget to proactively identify, monitor, and manage cases with significant fiscal implications for the Government. As part of this initiative, the Government constituted a high-level Litigation Advisory and Oversight Committee (LAOC) under the chairmanship of Justice K. Kannan, former Judge of the Punjab and Haryana High Court, along with experts in direct taxation, indirect taxation, civil litigation, public finance, and legal affairs. The system introduced a coordinated framework for identifying High Risk Litigations, providing strategic legal guidance, strengthening inter-departmental coordination, and monitoring cases through a dedicated High-Risk Litigation window within the Integrated Court Case Monitoring System (ICCMS). Within its first year, the Committee conducted 14 meetings and provided guidance on 26 high-risk cases across 14 Government departments. The initiative subsequently expanded, with 37 high-risk litigations across 15 departments receiving strategic guidance, while 88 high-risk cases across 10 departments are currently being monitored under the system. More than a legal reform, the Litigation Risk Management System represented an important institutional reform in public finance management, helping the Government anticipate potential liabilities, reduce fiscal risks, and strengthen long-term financial sustainability. — Admin Team

Dr P Thiaga Rajan (PTR)

19,993 views • 2 months ago

Impact After Term | 17 : From Completing Long-Pending Projects to Building Future-Ready IT Infrastructure For over two decades, ELCOT has played a pivotal role in expanding Tamil Nadu's IT ecosystem beyond Chennai by developing IT parks and Special Economic Zones across Tier-II and Tier-III cities. As global technology companies increasingly sought world-class plug-and-play office spaces, the State announced new ELCOT IT Towers in Sholinganallur (2017) and later in Coimbatore and Tiruchirappalli (2020). However, these projects remained stalled for several years due to administrative delays, environmental clearances and the COVID-19 pandemic. After assuming office as Minister for Information Technology and Digital Services in 2023, Dr. Dr P Thiaga Rajan (PTR) brought the projects under direct review, resolved pending administrative issues and accelerated construction. The results followed in quick succession. The Tiruchirappalli ELCOT IT Tower (₹59.57 crore; 1.16 lakh sq. ft.) was inaugurated in February 2024, creating infrastructure for 2,800+ IT jobs, strengthening Tiruchirappalli's position as an emerging technology destination. This was followed by the Coimbatore ELCOT IT Tower (₹158.32 crore; 2.94 lakh sq. ft.) in November 2024, with capacity for 3,500+ IT jobs and , 100% of its office space had already been leased on the very day of inauguration, reflecting strong industry demand. In February 2026, the Sholinganallur ELCOT IT Tower (₹88.21 crore; 2.33 lakh sq. ft.) was inaugurated, adding infrastructure for another 3,200+ IT jobs, further expanding Chennai's technology ecosystem. Beyond completing long-pending infrastructure projects, efforts also focused on preparing Tamil Nadu for the next phase of technology-led growth. As Finance Minister, Dr. PTR announced the TN Tech City project in the Tamil Nadu Budget 2023–24, envisioning a world-class technology district to attract global technology companies and investments. This vision was further strengthened at UmagineTN 2025, where the Hon'ble Chief Minister announced a 20 lakh sq. ft. AI-Focused IT Park at Vilankurichi, Coimbatore, aimed at supporting the State's rapidly growing Artificial Intelligence ecosystem. Together, these initiatives transformed years of pending projects into productive infrastructure. Three ELCOT IT Towers were completed, creating capacity for nearly 9,500 high-quality IT jobs, while new initiatives such as TN Tech City and the AI-Focused IT Park laid the foundation for Tamil Nadu's next chapter as one of India's leading technology and digital innovation hubs. — Admin Team

Dr P Thiaga Rajan (PTR)

24,196 views • 13 days ago

THINKING OUTSIDE THE BOX | How to solve Kerala’s train travel problem once and for all with ₹150 crore? 🧵 In 2012, the Oomen Chandy government came up with a plan to build a high-speed rail corridor from Mangalore to Trivandrum. The estimated cost was around ₹1.18 lakh crore. It was planned to be funded through a Japanese loan from JICA. The project was opposed by the then opposition parties. The project was eventually dropped. In 2020, the present Left government under Pinarayi Vijayan brought back the high-speed rail project, named SilverLine, with a cost estimate of ₹64,000 crore. These numbers were rejected by NITI Aayog, which estimated the cost at around ₹1.2 lakh crore. There were strong public protests against forceful land acquisition, and the project was dropped by the government in 2022. We also strongly opposed it, as our estimate was that the final cost would easily cross ₹1.5 lakh crore, ticket prices would go up to around ₹6,000 to make it viable, and there would not be enough ridership. Now it is BJP’s turn. They opposed both earlier projects and have now come up with a new proposal using DMRC’s former chairman, Padma Vibhushan Dr. E. Sreedharan, who later joined BJP. This high-speed rail proposal, unlike SilverLine, is 90% elevated and ends at Kannur instead of Kasargod or Mangalore. The estimated cost is around ₹200 crore per kilometre, with an overall cost of more than ₹80,000 crore. Fair enough. However, the estimate of ₹200 crore per kilometre looks like an underestimate when we look at the Mumbai–Ahmedabad bullet train. That project started with a cost of ₹216 crore per kilometre and has now reached ₹393 crore per kilometre, even though it is only half completed. By the time it is finished, the cost could touch ₹500 crore per kilometre, if not more. Leaving these big and fancy projects aside, let us come back to the core problem and look at it differently. Take a close look at this video. This shows the weekly train schedule from Kannur towards the south. If you observe carefully, the green-coloured trains are those that run within Kerala, while the red ones are outstation trains that either terminate at stations in Kerala or pass through the state. What does this tell us? (1/8)

Congress Kerala

41,183 views • 7 months ago

Impact After Term | 12 : iTNT Hub — Laying the Foundation for Tamil Nadu's Deep Tech Ecosystem (Part 1) As global technology leadership increasingly shifts towards Artificial Intelligence and other Deep Tech sectors, Tamil Nadu recognised the need to move beyond traditional IT services and build an innovation ecosystem capable of transforming research, talent and technology into globally competitive enterprises. Recognising this opportunity and the immense potential of Tamil Nadu's highly skilled youth, Dr. Dr P Thiaga Rajan (PTR), as Minister for Finance and Human Resources Management, announced the establishment of the i-Tamil Nadu Technology (iTNT) Hub in the 2022–23 Budget with an allocation of ₹54.61 crore. The objective was to create a dedicated institutional platform that could accelerate Deep Tech innovation and entrepreneurship in the State. Launched by Hon'ble Chief Minister Thiru M.K.Stalin on 15 May 2023, iTNT Hub was established as India's first dedicated innovation platform focused on Deep Tech and Emerging Technologies. Through initiatives such as BEACON, PATHFINDER, iAccelerate and the JIGSAW innovation framework, the Hub brought together government, academia, industry, investors and startups while providing access to advanced infrastructure including Fab Labs, 3D Printing facilities, Industry 4.0 tools and specialised technology resources. In doing so, it helped connect research, industry and capital, enabling ideas to evolve into scalable products and enterprises. The impact has been substantial. iTNT Hub has supported more than 2,800 startups, connected nearly 7,000 researchers, facilitated partnerships with over 200 institutions, established collaborations with more than 80 incubation centres—including 20 international partnerships—and enabled over 10,000 entrepreneurs to benefit from its ecosystem. Beyond supporting startups, iTNT Hub has helped create the foundations of a statewide Deep Tech ecosystem. By strengthening the pathways from innovation to enterprise creation, it has positioned Tamil Nadu to compete in the technologies that will shape the future global economy. — Admin Team

Dr P Thiaga Rajan (PTR)

22,248 views • 2 months ago

Maharashtra: The GST Capital of India! Attended the 9th GST Day Celebrations 2026 in Mumbai, today. Nine Remarkable Years of the Goods and Services Tax (GST) mark a transformative milestone in India's economic journey. Introduced under the leadership of Hon PM Narendra Modi Ji through the vision of 'One Nation, One Tax', GST marked a historic turning point in India's tax reforms. The invaluable contribution of the late Union Finance Minister Arun Jaitley ji in shaping this landmark reform will always be remembered. Another moment in this transformational journey has been the establishment of the GST Council, one of the most significant pillars of the GST framework and a true example of cooperative federalism, where the Centre and the States collectively take consensus-based decisions. Maharashtra has consistently remained at the forefront of GST implementation and has emerged as the GST Capital of India. Maharashtra continues to register unprecedented growth in GST collections. During the last financial year, the State received nearly ₹1.87 lakh crore as its GST share. Maharashtra remains the highest GST-contributing State in the country, with GST collections exceeding the combined collections of Karnataka and Gujarat, the States ranked second and third. GST 2.0 is a bold and significant step wherein structural changes and rationalisation of tax slabs have benefited businesses by simplifying compliance and creating greater opportunities for growth. Continuous efforts are being made to further improve the Ease of Doing Business through ongoing reforms and simplification measures. Congratulated various tax payers and officers who received awards today in recognition of their dedication and contribution in the field of taxation and conveyed best wishes for their continued service to the nation. Minister of State Adv. Ashish Jaiswal, Mayor of Mumbai Ritutai Tawde and senior officials were present on the occasion. Adv.Ashish jaiswal Ritu Tawde #Maharashtra #GSTDay

Devendra Fadnavis

22,142 views • 1 month ago

Impact After Term | 10 : Ensuring Dignified Living for 396 Families Through Affordable Housing | Subramaniapuram TNUHDB Housing Complex Access to safe, secure, and dignified housing is one of the most important foundations of social justice and inclusive development. For decades, hundreds of families in Ward 77, Subramaniapuram, many of them sanitation workers, lived in inadequate housing with limited access to basic amenities and quality living conditions. Recognising the need for a permanent solution, Dr. Dr P Thiaga Rajan (PTR) began advocating for modern housing for these families soon after being elected MLA for Madurai Central in 2016, and continued to pursue the demand throughout his tenure in the Opposition. Due to his sustained advocacy, the project was announced by the AIADMK Government in 2018. However, no financial allocation was made and the proposal remained largely on paper. Following the formation of the DMK Government in 2021, Dr. PTR, as Minister for Finance and Human Resources Management, ensured that the long-pending project received the necessary financial support. Backed by an investment of ₹62.68 crore, construction commenced in August 2023. Originally conceived to benefit 250 families, the project was subsequently expanded through further efforts to accommodate 396 families. The completed residential complex was inaugurated on 10 February 2026 and stands as Madurai's first government-supported high-rise affordable housing complex with lift facilities. The nine-storey development includes vehicle parking, children's play areas, and other essential amenities designed to provide a safe and dignified living environment. The first phase of allotments has already been completed, with orders issued to 223 beneficiary families. What began as a long-standing demand raised on behalf of residents was ultimately transformed into a modern housing community, providing hundreds of families with improved living conditions, better sanitation, and a more secure future. The project stands as a testament to Dr PTR's sustained commitment to addressing the needs of his constituents and converting long-pending public demands into lasting outcomes. — Admin Team

Dr P Thiaga Rajan (PTR)

30,321 views • 2 months ago

Minister Jupally Krishna Rao dismissed allegations made by Harish Rao. He said, “ Microbrewery rules were framed under GO 151 on 28 Aug 2015. On 1 July 2016, the then government approved 20 microbreweries out of 50 applications, without any lottery system. In the last two years, we haven’t brought any new law on breweries. The same rules framed during BRS time are still in force. Till date, not a single file seeking microbrewery approval has come to me. Only applications have reached the department. Decisions are taken only after field-level verification of land and infrastructure by officials. Between 2016 and 2023, you approved 105 elite bars. On what basis were those permissions given? Not through lottery, but to chosen people. Isn’t that the truth? You committed the mistakes and are now blaming us. If dues were paid every 15 days, how did ₹3,500 crore excise arrears pile up under your government? How did ₹40,000 crore worth of bills remain pending in the Finance Department? Who actually turned Telangana into a drunkards’ state? Excise revenue rose from ₹10,012 crore in 2014 to ₹34,869 crore by 2023 under BRS rule. That’s an increase of nearly ₹25,000 crore through excise alone. Under Congress government in 2024–25, excise revenue is ₹34,603 crore, about ₹250 crore less than your time. Who pushed liquor consumption? Singur water allegations to breweries is false. No new permissions, no new pipelines for beer companies. All arrangements existed during the previous government. challenge. “

Naveena

11,510 views • 6 months ago