At Rs 48K crore, Tasmac revenue via excise & VAT up Rs 2.5K crore
Officials said the increase in revenue is contributed by the upward revision liquor prices last year, including an increase in excise duty. In the revenue Rs 37,323 crore came from VAT and Rs 11,020 crore from excise. The policy note said the figures for 2024-25 is subject to reconciliation.
The increase in revenue between 2022-23 (Rs 44,121 cr) and 2023-24 was by around 4%. In 2021-22, the revenue was Rs 36,050.65 crore.
In his reply to the discussion on the budgetary demand for his departments, the minister said full end-to-end computerisation of all Tasmac operations has already been rolled out in 28 districts.
'This end-to-end system helps monitor every stage of the operations, from production points to final distribution. It is now being fully implemented in 28 districts and can be monitored directly from the department's office,' he said.
He added a number of measures have been implemented to fulfil Chief Minister M K Stalin's vision to make Tamil Nadu completely free from drug trafficking of all kinds.
Senthil Balaji informed that the Tamil Nadu Electricity Board (TNEB) aims to generate 50% of its electricity from its own sources and renewable energy by the year 2030. He said several thermal and pumped storage projects are being fast-tracked as per the instructions of the CM to meet this goal.
'Around 91% of the works at Udangudi Thermal Power Station Stage-I (2x660 MW) have been completed. The first unit with 660 MW capacity will begin operations in July, and the second unit will be ready by October this year' he said.
The minister also informed the Assembly that the Ennore SEZ Supercritical Thermal Power Project (2x660 MW) is expected to be commissioned by March 2026, as 62% of the work has already been completed.
Explaining the state government's target, he noted, 'We planned to set up new thermal power stations with a combined capacity of 5,700 MW. So far, 800 MW has already started generating electricity.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
36 minutes ago
- Time of India
Power consumer complaints remain unheeded as linemen and helpers strike work
Jaipur: At least 2,000 employees of the contractors appointed by the discoms for fault rectification have been on strike for the past three days, causing difficulties for electricity consumers as their complaints for restoring power connections remain unattended. The employees of contractors, Sandha & Company and Vision Plus, said they are demanding a salary hike, which is currently meagre. While the linemen are getting a little over Rs 9,000 a month, the helpers receive Rs 6,600, according to the employees. In fact, their salary was reduced after the new contractors took over the work in 2002. Now, they are demanding hikes up to Rs 21,000 for linemen and Rs 18,000 for helpers. "With this meagre amount, we cannot run our families. We will not resume work until our demands are met," said one of the employees. TOI tried to contact the management of the two companies, but calls and text messages remained unanswered. The employees said that the state govt raised the minimum wage by Rs 27 in 2022, but they did not get the benefits. Sources said in the absence of regular employees, the company has hired temporary workers to manage the maintenance and address consumer complaints, but the temporary measure is not enough. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
Time of India
36 minutes ago
- Time of India
NGT fines GMC Rs 17.4L for dumping waste in open
Ghaziabad: The National Green Tribunal has directed GMC to pay an environmental compensation of Rs 17.4 lakh for continuing to dump waste in the open. The action follows a complaint filed in July 2024 by a Loni resident, alleging that the corporation was dumping municipal solid waste (MSW) in an open area, causing pollution. The complaint said that during the monsoon, in the absence of a leachate collection tank, leachate was seeping into groundwater and spilling onto roads, mixing with storm drains. NGT's three-member bench, comprising Chairperson Justice Prakash Shrivastava, Judicial Member Sudhir Agarwal, and Expert Member A. Senthil Vel, admitted the petition on July 31, 2024, and issued a notice to GMC to take remedial measures and submit a compliance report. You Can Also Check: Noida AQI | Weather in Noida | Bank Holidays in Noida | Public Holidays in Noida In its reply, GMC said that the site was a designated secondary garbage collection centre, and waste was lifted regularly. However, delays sometimes occurred due to public protests, rain, or other reasons. The corporation also claimed that garbage from Delhi was being dumped illegally at the location, aggravating the problem. The NGT then directed the UP Pollution Control Board to carry out a site inspection, which in its report said, "The total area of the site in question measures 1600 sqm, with about 40 metric tonnes (MT) of MSW lying there at the time of inspection. The site was in an unhygienic condition, emitting a foul odour, with waste scattered in surrounding areas due to the absence of a boundary wall." Based on the findings, the NGT, on July 30 this year, ordered GMC to pay Rs 17.45 lakh for violating the Solid Waste Management Rules, 2016. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
Time of India
42 minutes ago
- Time of India
Rs 1.2 crore in 10 years built by middle-class families using simple formula, CA explains
Prioritizing Financial Goals Early Home Ownership without Financial Strain Preparing for Retirement Proactively Simple Money Habits Make the Difference The Result After a Decade Rs 72 lakh through mutual funds Rs 28 lakh via PPF, EPF, and NPS Rs 8 lakh in fixed deposits and emergency funds Rs 15 lakh in home equity after adjusting for loans Building substantial wealth can feel out of reach for many middle-class families, especially when incomes are modest and expenses are high. However, a disciplined and consistent approach to saving and investing can help accumulate over Rs 1.2 crore within a decade, according to Chartered Accountant Nitin recently shared steps on X that reveal how average earners can secure their financial future without relying on high salaries or risky emphasizes the importance of setting clear priorities. For families focused on a child's future, starting an investment plan from the child's birth is key. By investing around Rs 10,000 monthly through a combination of systematic investment plans (SIPs) in index funds and Public Provident Fund (PPF), parents can aim to accumulate approximately Rs 60 lakh over 15 years. This approach works by earning an estimated annual return of 12% on mutual funds, combined with the safety and tax benefits of PPF and occasional a house remains a top priority for many, but Kaushik advises against rushing into home loans. Instead, renting while investing allows families to build a strong down payment, ideally covering 25% of the property cost before purchase. He recommends opting for shorter loan tenures of 10 years rather than stretching EMIs over 20 years. Keeping EMIs within 35% of monthly income helps reduce interest burden, ensures faster loan repayment, and offers greater financial peace of solely on Employees' Provident Fund (EPF) may fall short of retirement needs. Kaushik says that smart earners progressively increase contributions to the National Pension System (NPS) and maintain separate retirement SIPs, targeting a corpus of Rs 30-35 lakh within 10 years. This diversified approach safeguards against future uncertainties and inflation stresses the value of steady habits over flashy income growth. Avoiding lifestyle inflation, tracking expenses through simple tools like spreadsheets, delaying vacations until savings goals are met, and celebrating small milestones such as reaching a Rs 5 lakh SIP mark or prepaying loans are fundamental to sustained wealth these disciplined strategies, families often accumulate:He stated that accounting for liabilities like home loans averaging Rs 22 lakh, the net worth surpasses Rs 1.2 crore in 10 concludes that wealth is built through patience, consistent investing, and making prudent financial choices even on average salaries. The journey involves small, steady sacrifices rather than quick gains. This methodical approach proves achievable for middle-class families who begin early and remain disciplined.
