CM Stalin asks 50% share of Central taxes for projects of Tamil Nadu

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CM Stalin asks 50% share of Central taxes for projects of Tamil Nadu - Business Standard

Quick Summary:

Expressing concern over the decrease in devolution of Central funds and increasing financial burden on Tamil Nadu to bear additional expenses for Centrally-sponsored projects, Chief Minister M K Stalin on Monday sought the union government to provide a 50 per cent share of Central taxes to Tamil Nadu.

"A new approach should be adopted so that developing states like Tamil Nadu are not affected by decrease in Central allocation.

Additional funds should be allocated to performing states like Tamil Nadu, considering the overall development of the country.