• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Chennai March 23

The Finance Secretary, Mr K. Gnanadesikan, said that an indicator of the State Government's fiscal strength was the low interest rates that it is able to wangle.

Addressing a press conference, he said Tamil Nadu gets among the best rates - as low as 8.1 per cent. It continues to prepay high cost debts and opts for low cost funds to control interest outgo. Interest payments over total revenue receipts were down to 13.42 per cent in 2005-06 from 19.83 per cent in 2003-04.

The Government has earmarked over Rs 10,000 crore for education and health, apart from the subsidies for food and compensation for crop loans.

This was the mark of a `caring Government' that has presented an inclusive Budget.

The State was banking on the manufacturing and services sector, which contributed, to the major share of the GSDP. It would support agriculture, which contributes about 13-14 per cent but has over 60 per cent of the population dependent on it.

More Stories on : Budget | Education | Health | Tamil Nadu

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
`Delay in tackling emission can lead to greater risks, higher costs'

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line