Daily Current Affairs – 26-05-2025
Tamil Nadu
Tamil Nadu Capital
Expenditure – Fiscal 2025 & Budget 2026
® Tamil Nadu’s capital expenditure (Capex) grew by 16.6% to ₹ 46,076.54 crore in fiscal 2025, compared to ₹ 39,540.90 crore in fiscal 2024. ® This growth rate exceeds the compound annual growth rate (CAGR) of 12.3% recorded during FY2018-2024. ® The State achieved 95.2% of its budgeted Capex target in FY2025, improving from 86.2% in FY2024 and comparable to 95.4% in FY2023. The average Capex achievement during FY2018-24 was 88.1%. ® For fiscal 2026, the State government has proposed a capital expenditure of ₹ 57,231 crorein22.38% increase over the revised estimates for FY2025. ® Including net loans and advances, the total capital outlay for FY2026 is estimated at ₹ 65,328 crore.
Chennai City Urban
Disaster Management Authority (CCUDMA) Formation
® Tamil Nadu government has established the seven-member Chennai City Urban Disaster Management Authority (CCUDMA) under Section 41A of the Disaster Management Act, 2005. ® The Commissioner of Greater Chennai Corporation (GCC) serves as the ex-officio Chairperson, and the Chennai Collector as the ex-officio Vice-Chairperson. ® Other ex-officio members include the Greater Chennai Police Commissioner, GCC Deputy Commissioner (Works), GCC City Health Officer, Chief Executive Officer of Chennai Metropolitan Development Authority (CMDA), and Chief Engineer of Water Resources Department, Chennai Region. ® CCUDMA’s formation follows the Disaster Management (Amendment) Bill, 2024, which mandates a separate urban disaster management authority for state capitals and municipal corporations, except Delhi and Chandigarh.
Chennai Becomes
First in Tamil Nadu to Issue Municipal Bonds
® Chennai Corporation has become the first civic body in Tamil Nadu to issue municipal bonds on the National Stock Exchange (NSE). ® The bond issue had a base size of ₹ 100 crore, with a green shoe option of ₹ 100 crore. ® Funds raised will partly finance the Integrated Storm Water Drainage Project (ISWDP) in the Kosasthalaiyar basin. ® Other cities like Coimbatore, Tiruchi, and Tiruppur are also planning similar fund-raising measures. ® Chennai is also exploring municipal bond listing for a multi-modal facility at Broadway bus stand.
Transpersons
Self-Employment & Welfare
® About 800 Transpersons have benefitted from self-employment assistance since 2021. ® It was provided through ₹ 1 crore annual allocation via the Transgender Welfare Board. ® Monthly pension for transpersons increased from ₹ 1,000 to ₹ 1,500 by the State Government.