India

Finance Minister Sitharaman Addresses Fund Disbursement Concerns, Stresses Transparency

Finance Minister Nirmala Sitharaman refutes claims of fund delays to Tamil Nadu, presenting data showing ₹6.23L cr direct tax contributed by the state, with ₹6.96L cr disbursed from 2014 to 2023. Emphasizes transparency and timely disbursement for equitable development.

Vikatan English Editorial

Finance Minister Nirmala Sitharaman responded to recent criticisms from the DMK government, assuring the public of the Centre's commitment to transparent and timely fund disbursement. Sitharaman presented data, refuting claims that the central government withheld funds from Tamil Nadu.

Contrary to the allegations, Sitharaman revealed that from 2014 to 2023, Tamil Nadu contributed ₹6.23 lakh crore as direct tax, and the Centre disbursed ₹6.96 lakh crore to the state during the same period. She emphasized that this tax contribution wasn't exclusive to Tamil Nadu residents, including Hindi-speaking taxpayers.

Addressing misinformation, Sitharaman clarified that the Centre promptly released funds, citing post-COVID special capital assistance provided to states for infrastructure development. She also highlighted the Modi government's settlement of long-pending dues, with Tamil Nadu receiving ₹3,225 crore.

The Finance Minister detailed the allocation of ₹57,557 crore from cess and surcharge for various projects in Tamil Nadu, such as NHAI roads, education initiatives, and rural road schemes. Sitharaman confirmed the entire ₹36,353.12 crore GST collected in 2022-23 was disbursed to Tamil Nadu without discrimination.

She refuted claims of Centre hostility, stating that funds are disbursed monthly based on Finance Commission recommendations, with advance payments made during festivals. Sitharaman assured prompt assistance to individuals seeking relief, reflecting the government's commitment to grassroots development.

In a show of tangible support, Sitharaman distributed cheques to beneficiaries under central government schemes, reinforcing the government's dedication to equitable development and financial transparency.