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Jayalalithaa govt presents tax-free budget in Tamil Nadu

Feb 13 2014, 12:21 IST
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To promote the growth of Industry and Infrastructure, the state government has decided to hold a Global Investors Meet (GIM) in Chennai in October this year, he said. (AP) To promote the growth of Industry and Infrastructure, the state government has decided to hold a Global Investors Meet (GIM) in Chennai in October this year, he said. (AP)
SummaryFinance Minister O Panneerselvam did not propose any fresh imposts for the next fiscal.

With an eye on the coming Lok Sabha elections, the Tamil Nadu government today presented a tax-free budget for the 2014-15 fiscal with a special focus on power and industrial sector.

In the budget presented in state assembly, Finance Minister O Panneerselvam did not propose any fresh imposts for the next fiscal.

He also said Tamil Nadu Transmission Corporation proposed setting up of a green energy corridor with an outlay of Rs 1,593 crore for evacuation of wind power with financial assistance from a German funding agency.

To promote the growth of Industry and Infrastructure, the state government has decided to hold a Global Investors Meet (GIM) in Chennai in October this year, he said.

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