![]() Saturday, May 11, 2002 |
| Southern States | ||
|
News:
Front Page |
National |
Southern States |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Advts: Classifieds | Employment | Obituary | Southern States
-
Tamil Nadu
By Our Special Correspondent
The assets of the State Government grew by only by 13.5 per cent during 2000-01 while the liabilities grew by 18.1 per cent, mainly as a result of the 21.9 per cent growth in the deficit in the government account. The share of revenue expenditure to total expenditure went down from 93.9 per cent to 91 per cent and remained significantly higher than the share of revenue receipts, leading to a revenue deficit of Rs.3,436 crores during 2000-01. The government had to depend only on borrowings to meet its Plan expenditure. Interest payments increased by 112 per cent from Rs.1,476 crores in 1996-97 to Rs.3,124 crores in 2000-01. The recovery of loans and advances by the government went down from Rs.1,217 crore in 1997-98 to Rs.359 crores in 2000-01. The return on government investments in companies, corporations etc. was negligible. Inadequacies in the budgetary process and control over expenditure were indicated by substantial surrenders at the end of the year and huge excess expenditure in some grants. Though the main objective of the Water Resources Organisation was to ensure effective management and distribution of surface and ground water for its optimum utilisation in a rational and scientific manner, a review of the working of the department revealed that inefficient scheme formulation resulted in non-creation of envisaged irrigation potential. Besides, poor execution and improper maintenance contributed to poor utilisation of potential created, the report added A review of the implementation of Environmental Acts and rules relating to air pollution revealed cases of industries operating without consent, shortfall in obligatory inspection of industries, inadequacy in ambient air quality and stack monitoring surveys and failure to set up common facilities for disposal of hazardous wastes and bio-medical wastes.
Send this article to Friends by E-Mail
News:
Front Page |
National |
Southern States |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu
|