India News | COVID-19: Financial Situation in Pondy 'very Critical', Says Narayanasamy
Get latest articles and stories on India at LatestLY. Puducherry Chief Minister V Narayanasamy on Wednesday said the fiscal situation of the territorial government was 'very critical' as the flow of revenue had fallen considerably during the ongoing COVID-19 period.
Puducherry, Sep 9 (PTI) Puducherry Chief Minister V Narayanasamy on Wednesday said the fiscal situation of the territorial government was 'very critical' as the flow of revenue had fallen considerably during the ongoing COVID-19 period.
He flayed the Centre for being 'irresponsive' to the repeated pleas of his government to sanction funds.
Addressing a virtual press conference, he said, "We cannot raise the taxes although we are managing the expenditure from out of the state government's funds and also by utilising the Covid-19 Fund and Disaster Management Fund."
The Chief Minister pointed out that Rs 700 crores was due from the Centre for last five months under compensation for implementing the GST here.
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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)