‘My first concern is liquidity, which is the biggest risk’
The Hindu
Finance Minister raises doubts over substantial excise revenue having gone ‘missing’; he says cash assistance doesn’t amount to freebies
Finance Minister P.T.R. Palanivel Thiagarajan, who has been given the task of reviving and restructuring the State’s economy by Chief Minister M.K. Stalin, says he is first getting his liquidity model worked out while focusing on releasing a White Paper on the State’s finances as early as possible. In an interview at the Secretariat on Wednesday, he said that as per preliminary studies, a substantial amount of revenue the State used to earn from excise was no longer coming in. “What happened? Is there that much corruption in Tasmac? Where does the excise disappear,” he wondered. Edited excerpts:More Related News