Chennai, Jan 4 (IANS) Former Union Finance Minister and Congress leader P. Chidambaram has said that the newly announced Tamil Nadu Assured Pension Scheme (TAPS) would place additional pressure on the State’s finances but can still be implemented successfully if backed by strong and disciplined financial management. Responding to criticism surrounding the scheme, Chidambaram shared his views in a post on X, stressing that fiscal prudence and improved revenue mobilisation would be crucial to su…
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Chennai, Jan 1 (IANS) Senior Congress leader and former Union Finance Minister P. Chidambaram on Thursday asserted that assessing a state’s financial health solely on the basis of its total debt is fundamentally flawed, as such comparisons ignore broader economic realities.In a statement where he extended New Year greetings, Chidambaram said that rising public debt is a global phenomenon and should not be selectively used to criticise individual states like Tamil Nadu. Developed economies such…