Tag: Tax base

Controversial police chief reinstatement sparks division in Greenfield community ahead of mayoral election. Will trust be restored? Find out more.

Experts warn that Tamil Nadu risks falling into a debt trap if borrowing continues without infrastructure development and tax base widening. State budget plan to borrow INR 1,43,197.93 crore to repay old loans, with most of budgetary allocations going towards revenue expenditure. To prevent falling into debt trap, the state should focus on infrastructure development, target subsidies to those in need, and prevent leakage in the system. Investors' confidence should be boosted by creating a suitable investment environment and investing in long-term infrastructure development.