Daily Current Affairs – 05-01-2025
Tamil Nadu
Tamil
Nadu borrowings in Q4 2024-25
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Tamil Nadu government plans to borrow ₹45,000 crore in the fourth quarter of fiscal 2024-2025.
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Till the first half in 2024-2025, Tamil Nadu has raised ₹50,000 crore through issue of SDLs (State Development Loans).
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The borrowing ceiling is 3% of the projected Gross State Domestic Product (GSDP) from 2023-24 onwards.
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An additional borrowing of 0.5 per cent of GSDP for a period of four years from 2021-22 to 2024-25 on fulfilment of Power Sector Reforms.
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Tamil Nadu had an outstanding liability of ₹5,96,619.2 crore from issue of SDLs as at the end of March 31, 2024.
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This is estimated to increase to ₹6,87,034.3 crore as at the end of March 31, 2025.
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Tamil Nadu’s total outstanding liabilities stood at ₹8,47,022.7 crore at the end of March 31, 2024.
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It is estimated to be ₹9,55,690.5 crore at the end of March 31, 2025.
Creation of 13 municipalities
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The Tamil Nadu government has announced the contours of the now proposed reorganisation of numerous local bodies.
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It will be including the merger of a large number of village panchayats with urban local bodies.
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The proposal also covers the creation of 13 municipalities and of 25 town panchayats.
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Among the proposed new municipalities are Kanniyakumari, Harur, and Perundurai.
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The government has also proposed establishing 25 town panchayats, including Yercaud, Kalayarkoil and Thirumayam.
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Besides, 29 village panchayats are likely to be merged with 25 town panchayats.
Tamil Nadu tops gold ownership
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A recent report by the World Gold Council has revealed a data about Tamil Nadu’s gold ownership
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The state owns the largest amount of gold in the world, with a staggering 6,720 tons.
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This impressive figure accounts for 28% of India’s total gold reserves.
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Also, it surpasses the gold reserves of women of top countries like the United States of America, Germany, Italy, France, and Russia. Indian women own a total of 24,000 tons of gold, with 40% of it held by women in South India.
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According to Indian income tax laws, married women are allowed to hold up to 500 grams of gold, while unmarried women can hold up to 250 grams, and men up to 100 grams.
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The United States holds 8,000 tons of gold, Germany 3,300 tons, Italy 2,450 tons, France 2,400 tons, and Russia 1,900 tons.
Kamarajar Port performance
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The Chennai Port Trust and its subsidiary Kamarajar Port Ltd have set a target of crossing 100 million metric tonne of cargo in the current financial year.
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The Kamarajar Port handled 43.51 million metric tonne of cargo in 2022-23.
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This is a growth by 12.31 per cent from 38.74 million metric tonne recorded the previous year.
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Kamarajar Port exported 1,48,307 units in 2022-23 as compared to 1,35,702 in 2021-22.
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The financial performance of this port surpassed Rs 1,000 crore mark as income to reach Rs 1,002.45 crore.
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This is an increase of 17.82 per cent from Rs 850.84 crore registered in 2021-22.