Salute to Tamil Nadu Chief Minister Stalin.. Thanks to Kerala Chief Minister Pinarayi Vijayan.. Do you know what the matter is?
Kerala chief minister Pinarayi Vijayan thanked tamil Nadu chief minister M. K. stalin for supporting the protest.
Tamil Nadu chief minister M.K.Stalin today extended full support to kerala chief minister Pinarayi Vijayan to protect the fiscal federal system. stalin accused the Center of restricting the borrowing space of the states, saying it was a misuse of its powers under Article 293 of the Constitution. tamil Nadu chief minister M. K. stalin assured that DMK will participate in the protest.
Meanwhile, Vijayan thanked stalin for supporting the protest, saying it would encourage efforts to stand against "attempts to undermine the principles of federalism enshrined in our Constitution". The prior approval of the federal government, mandated by this section, has been made a control tool to limit deficit financing beyond the limits prescribed by the State Fiscal Responsibility and Budget Management Act.
"As a result, the basic principle of fiscal federalism envisioned by the framers of the Constitution is under serious threat," stalin said in a letter to Vijayan. stalin has extended his support to kerala chief minister Pinarayi Vijayan as karnataka also plans to protest in delhi on february 7 against the financial injustice caused by the redistribution of central funds.
"I sincerely appreciate your efforts to draw the supreme Court's attention to the pressing issue of the Central Government's attempts to oppress the State Governments by exercising arbitrary and discriminatory control over deficit funds," he said in the letter.Criticizing the bjp for trying to douse the flames of the state autonomy slogan, stalin said the opposition would oppose it. stalin said that we (DMK) in South India, Comrade Pinarayi in the East, our venerable sister mamata and the leaders who have unshakable faith in our Constitution stand together today for the autonomy of the states.
"Salute to stalin and DMK for extending unity and support to Kerala's protest in delhi on february 8 against central government discrimination on states' functioning and fiscal autonomy," Vijayan said at X. "We step up our efforts to resist the evil attempts to undermine the principles of federalism enshrined in our Constitution. Together, let us move forward to protect our democracy and constitutional provisions," he added.
"The Center is misusing the powers under Article 293. Although this has been going on for a long time, the situation has deteriorated rapidly in the last few years and a clear consensus has emerged among progressive state governments that such indirect control over state funds should be removed.
"As you have rightly pointed out, public borrowing for financing the public expenditure of the states is within the exclusive purview of the state legislatures under the Constitution of India," the chief minister said in his letter. However, the Center misuses its powers under Article 293 of the Constitution to restrict the borrowing space of the States.
In the case of tamil Nadu, such measures have had a significant impact on fundraising for government initiatives. For example, in 2023-24, the central government has pegged the GSDP growth to calculate the net borrowing ceiling at just 8 per cent, despite the state consistently achieving 15 per cent nominal growth in the last two years.
This has resulted in a loss of ₹6,000 crore in borrowings in the current year. A mandatory condition to fund total losses of state discoms under the guidelines for additional borrowing for power sector reforms has forced tamil Nadu to pay ₹17,111 crore to TANGEDCO in the current year. This is likely to affect the state in the future as well, he said.
Tamil Nadu chief minister M.K.Stalin today extended full support to kerala chief minister Pinarayi Vijayan to protect the fiscal federal system. stalin accused the Center of restricting the borrowing space of the states, saying it was a misuse of its powers under Article 293 of the Constitution. tamil Nadu chief minister M. K. stalin assured that DMK will participate in the protest.
Meanwhile, Vijayan thanked stalin for supporting the protest, saying it would encourage efforts to stand against "attempts to undermine the principles of federalism enshrined in our Constitution". The prior approval of the federal government, mandated by this section, has been made a control tool to limit deficit financing beyond the limits prescribed by the State Fiscal Responsibility and Budget Management Act.
"As a result, the basic principle of fiscal federalism envisioned by the framers of the Constitution is under serious threat," stalin said in a letter to Vijayan. stalin has extended his support to kerala chief minister Pinarayi Vijayan as karnataka also plans to protest in delhi on february 7 against the financial injustice caused by the redistribution of central funds.
"I sincerely appreciate your efforts to draw the supreme Court's attention to the pressing issue of the Central Government's attempts to oppress the State Governments by exercising arbitrary and discriminatory control over deficit funds," he said in the letter.Criticizing the bjp for trying to douse the flames of the state autonomy slogan, stalin said the opposition would oppose it. stalin said that we (DMK) in South India, Comrade Pinarayi in the East, our venerable sister mamata and the leaders who have unshakable faith in our Constitution stand together today for the autonomy of the states.
"Salute to stalin and DMK for extending unity and support to Kerala's protest in delhi on february 8 against central government discrimination on states' functioning and fiscal autonomy," Vijayan said at X. "We step up our efforts to resist the evil attempts to undermine the principles of federalism enshrined in our Constitution. Together, let us move forward to protect our democracy and constitutional provisions," he added.
"The Center is misusing the powers under Article 293. Although this has been going on for a long time, the situation has deteriorated rapidly in the last few years and a clear consensus has emerged among progressive state governments that such indirect control over state funds should be removed.
"As you have rightly pointed out, public borrowing for financing the public expenditure of the states is within the exclusive purview of the state legislatures under the Constitution of India," the chief minister said in his letter. However, the Center misuses its powers under Article 293 of the Constitution to restrict the borrowing space of the States.
In the case of tamil Nadu, such measures have had a significant impact on fundraising for government initiatives. For example, in 2023-24, the central government has pegged the GSDP growth to calculate the net borrowing ceiling at just 8 per cent, despite the state consistently achieving 15 per cent nominal growth in the last two years.
This has resulted in a loss of ₹6,000 crore in borrowings in the current year. A mandatory condition to fund total losses of state discoms under the guidelines for additional borrowing for power sector reforms has forced tamil Nadu to pay ₹17,111 crore to TANGEDCO in the current year. This is likely to affect the state in the future as well, he said.