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Aiadmk rule has set right fiscal situation: panneerselvam - China Metal Frame Sunglasses by grehh hernjer

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Aiadmk rule has set right fiscal situation: panneerselvam - China Metal Frame Sunglasses by
Article Posted: 11/29/2012
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Articles Written: 1951
Word Count: 390
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Aiadmk rule has set right fiscal situation: panneerselvam - China Metal Frame Sunglasses

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The very grave fiscal situation that existed during the tenure ofthe previous DMK (Dravida Munnetra Kazhagam) government has nowbeen consolidated by the present All India Anna Dravida MunnetraKazhagam (AIADMK) government, Finance Minister O. Panneerselvamstated on Friday. Referring to the finding of the Comptroller and Auditor General ofIndia, in a report placed in the Assembly a few days ago, that thefinancial situation of the State was very precarious and theState's debt burden required urgent attention, the Minister,quoting the report, stated that in 2010-2011 when the DMK was inpower, the revenue deficit was Rs.2,728 crore. In 2009-2010, thefiscal deficit was Rs.11,807 crore, which increased to Rs.16,646crore in 2010-2011 and the State's debt burden exceeded Rs.1 lakhcrore. "Keeping this in mind, the AIADMK government took measures toincrease the government's revenues and, in 2011-2012, the revenuedeficit has been completely eliminated and revenue surplus ofRs.536.54 crore reached," he said, adding that it was thepresent government that had taken measures to correct the State'sfiscal situation.

The fiscal deficit in 2011-2012 was contained to Rs.16,597 crore,which was less than the fiscal deficit of Rs.16,646 crore in2010-2011. Similarly, although the Central government hadauthorised net borrowing of Rs.17,437 crore, it had been curtailedto Rs.12,874 crore in 2011-2012. Forest cover Adverting to certain specific shortcomings identified by the CAG,Mr. Panneerselvam cited the issue of forest and tree cover andexplained efforts taken by the AIADMK government to increase thecover. The State has a total tree and forest cover of 28,343 sq.

km now,which worked out to 21.79 per cent of the total geographical areaof the State. Some of the initiatives taken during 2011-2012included a massive tree plantation programme of 64 lakh seedlingscovering 30 indigenous species in all 32 districts; planting of1.19 crore seedlings of teak and casuarina on private lands offarmers and the launch of the Rs.686-crore Tamil Nadu BiodiversityConservation and Greening Project, envisaging planting of 10 croresaplings in five years. Other steps included fire protection and intensification ofcultivation of shola forests and removal of exotic species from theprotected areas and reserve forests; revival of the scheme forplanting ‘karuvel' seedlings on the tank foreshores, covering4,000 hectares in panchayat and panchayat union tanks this year.

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