Chennai: The government’s special resolution urging the Central government to provide Tamil Nadu with its due share of funds was unanimously passed in the Legislative Assembly.
Finance Minister Mari Wilson today moved in the Legislative Assembly a special resolution calling on the Central government to provide Tamil Nadu with its rightful share of funds. It stated, “The share of funds due to Tamil Nadu from the taxes collected by the Central government must be ensured.
The distribution of central taxes should follow a transparent, objective, and equitable process that properly recognizes the economic contribution of the states, fiscal effort, governance efficiency, and development needs.
The criterion for the distribution of central taxes should be framed in such a way that no state is adversely affected, in view of the achievements made by the states in population control and human resource development.
It has been stated that, in future, when arrangements are made regarding the distribution of central taxes, appropriate measures should be taken to protect Tamil Nadu’s legitimate financial interests.
Welcoming this resolution, DMK member Thangam Thennarasu said, “At present, the financial share provided by the Central Government to the states stands at 41 percent.
An amendment should be brought to the resolution to raise it to 50 percent. DMK welcomes the resolution with these amendments,” he said.
Similarly, AIADMK Legislature Party leader Palaniswami also welcomed this resolution. Following that, the resolution proposed by Finance Minister Mary Wilson was unanimously passed in the House by voice vote.
