M.k stalin, Chief Minister of Tamil Nadu

A day after Prime Minister Narendra Modi appealed to States ruled by non-BJP parties to reduce tax on fuel, Tamil Nadu Minister for Finance and Human Resource Management Dr Palanivel Thiaga Rajan lashed out at the Centre and recalled that the State government had cut the Value Added Tax (VAT) on fuel back in August 2021 to provide relief to the people of the State."The Prime Minister, in the meeting with Chief Ministers on Wednesday to review the COVID-19 situation, mentioned that the Union Government had reduced excise duty to lower the burden of prices of petrol and diesel on the people last November and that while some states had reduced taxes simultaneously, some others did not provide this benefit to the people. He further stated that many states such as Maharashtra, West Bengal, Telangana, Andhra Pradesh, Kerala, Jharkhand and Tamil Nadu did not pay any heed to the Union Government and the citizens of those states continued to be burdened," the State Minister said in his official statement."Contrary to his remarks, the Government of Tamil Nadu under Chief Minister MK Stalin had in fact cut the VAT on Petrol back in August 2021, prior to the Union Government's action. That cut resulted in a relief of Rs 3 per litre to the citizens of Tamil Nadu. It was estimated that the State Government would incur a loss of Rs. 1,160 crores annually due to this reduction. Yet this was done, despite the financial strain inherited from the previous government, to reduce the burden on the people," he said.The DMK Minister in State further said that the Union Government's levies on petrol have gone up substantially in the past seven years since the Prime Minister took charge for the first time in 2014. "Though the revenue to the Union Government has increased manifold, there has not been a matching increase in the revenues to States. This is because the Union Government has increased the cess and surcharge on petrol and diesel while reducing the basic excise duty that is shareable with the States," he said."In 2020-21, the revenue to the Union Government from levies on petrol and diesel was Rs 3,89,622 crore which was 63 per cent higher than the revenue of Rs 2,39,452 crore in 2019-20. On the other hand, the Government of Tamil Nadu in 2020-21 received only Rs 837.75 crore as a share of the tax devolution from the Union Excise Duties on petrol and diesel as against the Rs 1,163.13 crore received in 2019-20," the Minister said.On Wednesday, Prime Minister Narendra Modi held a COVID-19 review meeting with Chief Ministers of all States and Union Territories.In the meeting, Prime Minister Modi appealed to the States ruled by non-BJP parties to reduce tax on fuel. He said prices of fuel were higher in many opposition-ruled states and urged them to reduce Value Added Tax in "national interest" and as a part of "cooperative federalism" to benefit the common man.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

M.k StalinFOLLOW

M.k stalin, Latest News

Chief Minister MK Stalin on Friday urged to treat the case of Vignesh, who died in police custody, as a murder case and informed three police personnel have been booked in the matter. ...

Tamil Nadu Chief Minister MK Stalin on Tuesday appealed to people to contribute to the humanitarian relief material to be sent to the people of Sri Lanka in their economic crisis situation. ...

Dravida Munnetra Kazhagam MP TKS Elangovan on Monday said that the situation in Sri Lanka, which is undergoing a severe economic crisis, is "pitiable" and further welcomed the decision of External Affairs Minister S Jaishankar to accept the request o ...

Tamil Nadu Chief Minister MK Stalin thanked the External Affairs Minister S Jaishankar for accepting Tamil Nadu's request on supplementing India's humanitarian aid to Sri Lanka, an island nation gripped by the severe economic crisis. ...

On the occasion of International Labour Day, Tamil Nadu Chief Minister MK Stalin underlined that the state government stands not only for extending greetings on Labour Day but also for the upliftment of the workforces. ...

To assist Sri Lanka amid the ongoing economic crisis, the Tamil Nadu Assembly passed a resolution piloted by Chief Minister MK Stalin in the state assembly seeking permission from the Ministry of External Affairs to supply rice and essential medicine ...

Tamil Nadu Chief Minister MK Stalin on Friday urged Prime Minister Narendra Modi to accord permission to facilitate the early movement of food, essential goods and lifesaving medicines to the people of Sri Lanka. ...

A day after Prime Minister Narendra Modi appealed to States ruled by non-BJP parties to reduce tax on fuel, Tamil Nadu Minister for Finance and Human Resource Management Dr Palanivel Thiaga Rajan lashed out at the Centre and recalled that the State g ...