Due to Covid and lockdown, TN faced a loss in revenue receipts to the tune of Rs 38,674.52 crore.
Despite the 17.64% fall in revenue and an ever-widening fiscal deficit, he was optimistic of a 2.02% positive growth rate in 2020-21.
“The people trust no one more than Amma’s (J Jayalalithaa) government led by CM Palaniswami to deliver good governance and to resume fiscal consolidation.
Opposition Leader Durai Murugan said that when the DMK's government comes to power, it will launch an enquiry into the AIADMK government's corruption and punish the culprits.
Panneerselvam concluded by saying, "The people of Tamil Nadu trust no one more than Amma’s (J Jayalalithaa) government led by Chief Minister Edappadi K Palaniswami to deliver good governance."
Though the top officials are non-committal about this, there are indications that the AIADMK government may come out with a few announcements if necessary.
Finance Minister Piyush Goyal in the last Budget by the Modi government has announced tax exemption limit up to Rs 5 lakh. This was but one of the many sops in a please-all budget.