Looks like the Tamil Nadu Chief Minister MK Stalin has decided to bring out a White Paper on the state of the economy. It is easy to blame a previous regime for populist doles and non-essential schemes that have emptied the coffers. Media watchers are nonplussed by a new energised Stalin, who is vocal, vociferous, and vituperative about the huge debt burden of TN, the inequitable share of the tax, Vat and GST allocated, the staggering cost of the corona pandemic and huge losses in livelihood. People openly talk about how Stalin was ridiculed at election rallies for his hesitant and almost rambling campaign mode. What a transformation after winning! What then happens to the election promises like the monthly stipends to women, cut in fuel VAT and other propositions? His advisors suggest that a plea of empty coffers left by AIADMK could prove useful to get through for now. But apparently Stalin stuck to his resolve… “A promise is a promise.” A staggering debt burden of Rs 5 lakh crore (for 20-21) is his inheritance. Meanwhile, it is rumoured that Stalin along with his wife Durga and son-in-law Sabareesan and key bureaucrats are likely to travel to London in July. Insiders say it could be for his routine health check-up plus woo investments in Tamil Nadu.
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