On July 2011 Tamil Nadu sought a special assistance package of Rs 1 lakh crore for fiscal consolidation and reduction of the debt level of the State. In Dec 2011 Tamil Nadu Chief Minister urged Prime Minister Manmohan Singh to sanction an additional financial assistance of Rs 25,000 crore for development projects for Tamil Nadu partly as grant and partly as loan.
The state government has been taking requisite steps such as increase of VAT rates, State excise duty, bus fares, increase of milk prices, etc
The state government has been taking requisite steps such as increase of VAT rates, State excise duty, bus fares, increase of milk prices, etc