TAMILNADU

Tamil Nadus borrowing cost rises marginally

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Nadus borrowing cost went up marginally by 4-6 basis points in this weeks bond auction, when compared to last week.

The State raised 3,000 crore through the issue of long tenure Bonds of 30 years and 25 years respectively with an interest of 7.03% each. In the previous week, it had raised 3,000 crore through the issue of bonds with tenures of 20 and 25 years with interests of 6.99% and 6.97% respectively, according to data from the Reserve Bank Of India.

The weighted Average cost of borrowing for State governments across States and tenures was 6.86%, 12 basis points higher than last week, the ratings firm CARE Ratings said.

Push for organic farming welcomed

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The Agrofood Chamber of Commerce and and theTamil Nadu Foodgrains Merchants Association Limitedhave welcomed the push for organic cultivation, oil seeds and millet cultivation, use of drones for digitisation of farming and modernising farm practices and water Irrigation techniques at 44,000 crore.

They said that the announcement to prepare DPR for the five river linkage projects including theKrishna Pennar and Pennar Cauvery projects will not only improve irrigation facilities and resolve the drinking water problem inTamil Nadubut will also pave way for creation of waterways transport, which would be cheaper than other modes. The foodgrains merchant body said that no announcement on the Cauvery – Thamirabarani river linking project was a disappointment.

The chamber stated that promoting millet consumption and branding is a shot in the arm for Tamil Nadu farmers. Promotion of chemical-free natural Organic Farming would increase the export opportunities of our farm products and processed food products, its presidentN Jegatheesansaid.

The chamber also expressed disappointment for not banning import of FMCG and not prohibiting domestic corporate giants from entering into retail trade.

Tamil Nadu CM MK Stalin urged to consult farmers ahead of agriculture budget

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Delta farmers have requested chief minister M K Stalin and the Agriculture-notes-for-state-psc-exams”>Agriculture minister to hold a consultative meeting with farmers associations before presenting the agriculture budget in the assembly so as to ensure that the government addresses the long-standing demands of farmers.

The farmers also wanted the chief minister to instruct district collectors to first organize such meetings at the district level, especially in delta districts, before calling the state-level meeting.

With officials busy preparing the budget components for 2023-24, this was the right time to invite farmers representatives to discuss various issues related to the progress of the farming community before preparing the budget.

Tamil Nadu schools to soon have students councils

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With an aim to include students in the decision-making process, the school Education department has sent an internal Communication to all district chief education officers directing them to set up a students council in all the schools.

The project will take shape with the help of teachers and the members of a few NGOs.

Every school must have a school management committee (SMC) mandated under the Right to Education (RTE) Act, 2009, which should have parents and representatives of the local body as members to enable interaction with teachers and school education department officials to fulfill the requirement of the school and children. The SMC is a 20-member committee with a convener and a joint convener.

Vanavil Mandram (Rainbow forum), a unique initiative to foster scientific interest among school students was launched byTamil NaduChief MinisterM K Stalinhere on Monday. It is aimed at promoting interest among the students of standard 6 to 8 to learnScience Technology Engineering and Mathematics(STEM).

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The event, attended among others by Ministers K N Nehru, Thangam Thennarasu, Anbil Mahesh Poyyamozhi and Tiruchirappalli Mayor M Anpahagan, was inaugurated at the Pappakurichi Government Girls Higher Secondary school, Kattur.

Also, the Chief Minister flagged off 100 mobile science and mathematics laboratories on behalf school Education department to stimulate the scientific temper among students.
They would teach students science experiments and mathematics, on a monthly basis, with proper guidance, and display science tools made by students.

The scheme will be implemented at an estimated cost of Rs 25 crore to benefit 25 lakh government school students.

About 710 STEM facilitators have been selected across Nadu to implement this programme and they will act as mobile science and mathematics experimenters.

Tamil Nadu to explore chances of developing housing projects with Singapore

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Naduis exploring the possibility of developing flagship housing projects in collaboration withSingaporefirms, minister for finance and human resource managementPalanivel Thiaga Rajanhas said.

Participating in a panel discussion Partnering with Tamil Nadu for Technology, Innovation and Entrepreneurship, organized as part of NTU Singapore – CII Singapore – India Dialogue, on Tuesday, he said there is a cultural and natural connect between Singapore and Tamil Nadu to collaborate in a few areas.
Several firms from the city-state including GIC and Ascendas, now CapitaLand, have invested in real estate assets and REITS in TN in the past.

Tamil Nadu: 1.3 lakh dropouts enrolled back in schools in 5 months, says minister Anbil Mahesh Poyyamozhi

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School Education minister Anbil Mahesh Poyyamozhi said in Trichy that the school education department identified 1.28 lakh school dropouts in the past five months and have enrolled them back in the school education system.

He said that the drive to bring back school dropouts during the outbreak of Covid-19 would continue even after the schools reopen.

Teachers have identified the children who had migrated to other districts and alerted their counterparts for follow-up. Students have been identified from all types of schools including government-aided, matriculation and CBSE schools. The students could be identified after their names fell in the common pool in the education management information system (EMIS). If a student was given a transfer certificate and the student hasn’t joined any other school for a certain period, the name of the student will go to the common pool.

Web tool introduced to help farmers mitigate climate risk

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A free online tool – AgriAdapt – was launched on Tuesday to helpfarmersand Agriculture-notes-for-state-psc-exams”>Agriculture value-chain entities understand risks and make Climate-smart decisions.

The World Resources Institute (WRI), in collaboration with the National Agro Foundation (NAF), developed the tool. chief general managerT Venkatakrishnasaid the tool would help farmers mitigate risk of Climate Change.

It will help farmers understand risks, exposure, vulnerabilities and challenges related to climate change and guide them and other entities in the value-chain to take better decisions.

After finding himself in the midst of a controversy through the past week over his skipping the GST Council meeting held at Lucknow on September 17, Tamil Nadu finance ministerPalanivel Thiaga Rajanseems to have bounced back in style this Sunday, with the GST Council nominating him in the Group of Ministers (GoM) formed to usher in GST System Reforms.

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The eight-member GoM for GST System Reforms will have Maharashtra deputy chief minister Ajit Pawar as the convenor. Besides Thiaga Rajan, the other members include Delhi deputy chief minister Manish Sisodia and Haryana deputy chief minister Dushyant Chautala as well as finance ministers from the states of Andhra Pradesh, Odisha and Assam among others.

Tamil Naduminister for commercial taxes and registration P Moorthy conducted a review meeting with the registration officials to discuss the avenues to boost revenue through property registrations after the second wave of Covid-19.

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Land registrations had been affected for four months during the first wave of Covid-19 last year.

During the meeting, Stress was laid on steps to be taken for increasing the revenue as revival for registration offices was faster than in 2020.

The pandemic year of fiscal 2020-21 recorded revenue to the tune of Rs. 10,643 crore through stamp duty and registration fee between April 2020 and March 2021. The income was less by around 3.6% the corresponding financial year of 2019-2020 when Rs 11,028 crore was generated as revenue.

According to sources, officials were directed to ensure that properties of temples under the jurisdictional control of the Hindu religious and charitable endowments department, water bodies and poramboke land are not being registered underSection 22-Aof the Registration ( Nadu Amendment) Act. TheActfacilitates re-registration of plots, if the earlier land transaction refers to it as ‘house site’. Returning the documents on the same day to arrest any delay, measures to curb staff reporting late to office and progress of the recently launched grievance control room were also reviewed, sources added.