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O PanneerselvamThe budget session of the Tamil Nadu Assembly has been started and Finance Minister O Panneerselvam is presenting the revised budget for the year 2016-17 to the House.

Highlights

– Reservation for women in local body posts increased to 50%: TN Budget

– Tamil Nadu local body elections to take place in Oct ’16, amount of 183.24 CR has been provided for conducting local body elections: State Govt

– Tamil Nadu Budget (2016-17): Rs 105. 98 crore allocated for the welfare of Sri Lankan Tamil refugees.

– In the first of its kind initiative 500 fishermen youths were appointed as marine home guards in 13 coastal districts.

– The Fiscal deficit for 2016-17 is estimated as 40,533.84 CR which is 2.96% of the GSDP

– The GSDP for the year 2014-2015 has raised to 6.94% from 4.85 % in 2014-2015