Jaya Govt presents tax-free budget

The Jayalalithaa Government in Tamil Nadu today presented a tax-free budget for 2013-14, proposing 'prudent fiscal management", amidst gloomy national economic scenario.

Finance Minister O Panneerselvam presented the budget amidst a walk-out by opposition DMK and said that despite the pressures of vital expenditure and serious resource constraints, "no new tax will be imposed, nor will any existing tax rate be hiked in the budget."

With the agriculture sector facing severe crisis in the wake of a drought situation, Chief Minister Jayalalithaa will soon announce a relief package to non-Cauvery delta districts, he said.

This will be on the lines of a relief package announced for the Cauvery delta districts last month following deficit monsoon and Cauvery crisis, Panneerselvam added.

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