Economic Undertakings

TN ready for drastic and comprehensive reforms, says CM Stalin at EAC – The New Indian Express



Through Express news service

CHENNAI: Chief Minister MP Stalin said on Friday that Tamil Nadu was ready to undertake drastic reforms to achieve socio-economic growth involving various sectors and fulfill other dreams in many areas. He urged the Economic Advisory Council (EAC) made up of experts, including Nobel Laureate Esther Duflo and former RBI Governor Raghuram Rajan, to advise the state on key issues.

“Job opportunities are expected to increase in TN. Per capita income is expected to increase and the social status of people is expected to improve. The state’s economic growth must be inclusive. I know that these dreams cannot be realized by ordinary reforms.

This would only be possible through comprehensive and drastic reforms, and TN is ready for drastic reforms, ”said the CM, virtually addressing the first meeting of the EAC. Stalin said the state has a debt burden of over Rs 5 lakh crore, while public sector companies have debts to the tune of Rs 2 lakh crore. “TN’s income comes from only a few sectors.

The Union government snatched state rights over tax collection by introducing the GST. Thus, Tamil Nadu is now able to prosper only by using our own resources. I ask the EAC to guide the state government in this regard, ”he said.

“TN has uniform natural resources, human resources and infrastructure. While being a world famous state, it is also renowned for its social responsibility. Tamils ​​all over the world want to grow up with this foundation. The EAC must guide the State on this point, ”he added.

CM: Eliminate inequalities on the social and economic fronts

Stating that the Dravidian growth model means socio-economic growth for all strata of society, Stalin said, “We should turn Tamil Nadu into a favorable destination for investments in South Asia. It should become a state that provides human resources to the world. We must eliminate inequalities on the social and economic fronts. Prof. Esther Duflo, Dr Arvind Subramanian, Prof. Jean Dreze and Dr S Narayan, IAS (retired), Minister of Finance Palanivel Thiagarajan, Chief Secretary V Irai Anbu and other senior officials attended. in the meeting.

Speaking at the meeting, Duflo said planning should be done on the basis of the right data. She stressed that the government should prioritize the needs of vulnerable people in society, especially the elderly. Rajan said the government should support MSMEs that have been hit hard during the pandemic. He added that every effort should be made to stem the learning losses suffered by children during school closings.

Former chief economic adviser Arvind Subramanian said TN has the potential to create jobs in manufacturing, service and higher education. However, the infrastructure to support this growth must be strengthened, in particular the supply of electricity. Professor Jean Dreze said the government must be transparent and should strengthen social security systems to protect the poorest. Former union finance secretary SNarayan said more work needed to be done to educate people about the plans. Resource management must also be improved.

“A reinforced power supply is necessary”
Former chief economic adviser Arvind Subramanian said TN has the potential to create jobs in the manufacturing, service and higher education sectors. However, the infrastructure to support this growth must be strengthened, in particular the supply of electricity. Professor Jean Dreze said the government must be transparent. It must also strengthen social security systems to protect the poorest.

Case of other districts
Chengalpattu reported 156 cases, Kancheepuram 44 and Tiruvallur 93 cases

Meeting of all parties at the Mekedatu dam
MP CM Stalin on Friday called for a meeting of representatives of all legislative parties on July 12 to discuss the Mekedatu issue



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