Latest news with #C.Subramaniam
The Hindu
20 hours ago
- Politics
- The Hindu
Initiative in place for fructification of Anamalayar and Nirar-Nallar multipurpose projects, says T.N. Chief Minister M.K. Stalin
Tamil Nadu will see through fructification of Anamalayar and Nirar-Nallar multipurpose projects for optimal utilisation of water from the west-flowing rivers of Anamalayar, Nirar, Sholayar, Parambikulam and its tributaries Peruvaripallam, Thunakadavu and the Palar and Aliyar, Chief Minister M.K. Stalin informed the farming community in Coimbatore and Tiruppur districts on Monday. 'We are holding talks with Kerala Government for materialising the dream scheme of farmers in the Western districts,' the Chief Minister said while taking part in the government functions at Udumalpet in Tiruppur district and Pollachi in Coimbatore. At Pollachi, Mr. Stalin named the complex housing the Chief Engineer Office of Water Resources Department after C. Subramaniam, former Minister. The Chief Minister inaugurated on the occasion a two-storey building constructed at a cost of ₹4.29 crore. The ground and first floors were named after former MLAs V.K. Palanisamy Gounder and Pollachi N. Mahalingam. He also unveiled the statues of these leaders, and those of late Chief Minister Kamaraj and former Minister C. Subramaniam in the WRD complex, in honour of their efforts for conceptualisation and implementation of Parambikulam Aliyar Project (PAP) scheme. Besides, Mr. Stalin commissioned a photo gallery on the PAP scheme, and inaugurated a memorial dedicated to workers who had lost their lives during the construction of Parambikulam-Aliyar Dam in Pollachi. It was established in Aliyar Dam park at a cost of ₹ 2.83 crore. At Udumalpet, the Chief Minister inaugurated 61 projects completed at a cost of ₹949.53 crore, and laid foundation stones for 35 projects entailing expenditure of ₹182.06 crore. Mr. Stalin also extended assistance to the extent of ₹295.29 crore to 19,785 beneficiaries, under various government schemes. The Chief Minister was accompanied by State Ministers S. Muthusamy M.P. Saminathan, R. Sakkarapani, N. Kayalvizhi, MPs and MLAs, and senior government officials.
The Hindu
05-05-2025
- Business
- The Hindu
From The Hindu, May 6, 1975: Minister rules out demonetisation: Finance Bill adopted
New Delhi, May 5: The Finance Minister, Mr. C. Subramaniam, to-day ruled out demonetisation as an 'impracticable proposition'. Replying to the general debate on the Finance Bill in the Lok Sabha, Mr. Subramaniam said the Government had examined the suggestion made by some members that there should be demonetisation to check the parallel economy and contain black money. 'For the present, it looks an impracticable proposition,' he added. The House approved the Union Budget for 1975-76 after adopting the Finance Bill which in its final form provided for additional taxation amounting to nearly Rs. 255 crores. The Minister in his 60-minute reply touched on various aspects and announced total exemption of the entire printing industry and the ginning industry from the one per cent excise duty announced in the budget proposals. He expressed concern over the recent High Court decisions letting out known smugglers and assured the House that Government would relentlessly and ruthlessly carry out its measures not only against smugglers, but against hoarders, blackmarketers and other anti-social elements. Reviewing the impact of last year's anti-inflationary measures and subsequent decline in prices, Mr. Subramaniam cautioned the House against optimism as the situation was still not completely under control because of the domestic and international situation.
The Hindu
01-05-2025
- Business
- The Hindu
From The Hindu, May 2, 1975: Centre may float bonds in other countries
New Delhi, May 1: The Union Finance Minister, Mr. C. Subramaniam, is examining the possibility of floating short, medium or long-term Government of India bonds in countries like Philippines, Hongkong, Thailand, etc., to which the Indians residing in those countries, besides the nationals, can subscribe. He is also believed to be considering the scope for making some changes in the banking laws to provide for the holding of deposits of Indians resident in these countries in foreign currency instead of rupees. This is in response to the representations made by members of the Indian community who met the Finance Minister in Manila, where he was recently to attend the Annual Meeting of the Board of Governors of the Asian Development Bank. Members of the Indian community in Hongkong and Bangkok also met the Finance Minister when he was returning to India from Philippines. The Indian Chambers of Commerce in Manila, numbering about 100, had given him a reception while Indian bankers, insurance men and other businessmen, numbering about 200, met him in Hongkong. There was a similar informal meeting with Indian businessmen and traders in Thailand. Indians resident in these countries have done well in industry and trade but the events in Vietnam and Cambodia have filled them with a sense of uncertainty about their future.
