Dependence on Petroleum & TASMAC Tax revenues

Year : 2009-10

State’s Tax Revenue : ₹36,547 Crores

Of which Tax Revenue from
Petroleum was ₹6016 Crores
TASMAC was ₹12,498 Crores

51% of revenue was generated from Fuel and TASMAC
Year : 2019-20

State’s Tax Revenue : ₹1,20,810 Crores

Of which Tax Revenue from
Petroleum was ₹24,714 Crores
TASMAC was ₹31,000 Crores

46% of revenue was generated from Fuel and TASMAC

Dependency reduced by 4% in 10 years.
TASMAC revenue was 1/3rd of the own tax revenues in 2009-10 and was 1/4th in 2019-20

Petroleum tax has increased 4 folds in the 10 years despite reducing state taxes twice. Shows the phenomenal increase in fuel consumption

prsindia.org/sites/default/…

cpe.tn.gov.in/statistics.pdf

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More from @ikkmurugan

8 Mar
MK Stalin vowed that the state's economy will expand to above 35 lakh crore in 10 years.

He also said this would lead to the creation of 10 lakh new jobs each year, cutting unemployment percentage into half and increasing per capita income to Rs 4 lakh per year
TN GDP currently is ₹18.9 Lakh Crores (Current prices with Base price of 2011-12). In 10 years if the GDP has to be ₹35 Lakh Crore I.e., an addition of ₹16.1 Lakh Crores in 10 years, which is on a average of ₹1.61 Lakh Crore every year.
Pre Covid CAGR (Current prices) of TN for the 4 year period between 2016 & 19 was 9%.

Considering that growth for the next 10 years, the GDP of TN will be ₹44.7 Lakh Crores.
Read 13 tweets
3 Mar
TN State Sales Tax collection from Petroleum Products

2008-09 : ₹5882 Crores
2010-11 : ₹7684 Crores
2012-13 : ₹11281 Crores
2014-15. : ₹12310 Crores

VAT for Transport fuel was 30% up until 2010-11 and was reduced to 27%. ImageImage
Despite reduction in state VAT, VAT collection continued to grow till 2013-14 due to increase in diesel consumption & stabilised from there.

Such was the power situation during DMK’s regime. Image
UPS/ Invertor Sales sky rocketed during this period.

On the other side DMK was looting people by not reducing VAT on fuels even though the consumption went up due to their legacy.
Read 4 tweets
21 Feb
Fuel Prices: Forgotten Legacy

Let’s see how India has progressed in Oil consumption, Production & Refining capacity

Consumption in Barrels per day
🛢2009 : 32.9 Lakh
🛢2013 : 37.8 Lakh
🛢2019 : 52.7 Lakh

15% growth during UPA2 against 39% growth During NDA1+1.
Oil Production in Barrels per day

🛢2009 : 8.4 Lakh
🛢2013 : 9.3 Lakh
🛢2019 : 8.3 Lakh

Refining Throughput in Barrels per day

🛢2009 : 36.4 Lakh
🛢2013 : 44.6 Lakh
🛢2019 : 51.9 Lakh

In 2019 Oil production levels have decreased below 2009 levels due Depletion of reserves.
While the consumption has increased more than twice the quantity in 10 years, the indigenous production has reduced after reaching its peak in 2011.

This has compelled India to import more than 80% of its oil needs in 2019. Where as the imports was less than 75% in 2013.
Read 16 tweets
15 Feb
LPG cylinder price in the last 8 Januaries in comparison to the Propane price for the respective period & the Fuel Subsidy budget for the respective financial year. Image
LPG subsidies have been proportional to Propane price projections since 2015.

There is a phenomenal reduction in Price of non subsidised cylinder over these years.
Looking for more details? You might find it here 👇👇
Read 4 tweets
13 Feb
TN receives 157% more share from centre compared to UPA

32 Lakh New consumers cover under PMUY Free LPG cylinders scheme. Total consumers more than 2 Crore now

13 Lakh Tapped Water connections given to Rural Households since Aug’19

#TNWelcomesModi #WelcomeModi
49 Lakh Individual Household Latrines constructed under Swach Bharat mission

48 Lakh Farmers covered under PM Kisan Scheme - ₹6000 per farmer/year.

In 19-20, Loans worth 35,000 Crores given to MSME, Highest in the country

#TNWelcomesModi #WelcomeModi
₹2221 Lakhs (100% High than UPA2) worth Grants Issued in 5 years by to Coir Entrepreneurs

1735 Kms National Highway laid in the last 5 years

6 Lakh Crore spent by central government in TN since 2014

#TNWelcomesModi #WelcomeModi
Read 6 tweets
5 Feb
DMK has put out this poster. It says the students who passed the NLC written exams for GET position from TN is 1% viz a viz 99% from other states

They’ve demanded an enquiry commission for this. If they have the data of how it is just 1% from TN, why do you need the commission?
Firstly this recruitment is not only NLC plants in Neyveli & Tuticorin; But also for their plants situated in Barsingar, Bithnok, Talabira, South Pachwara and Ghatampur.

The 1980MW plant in Ghatampur, UP will be commissioned later this year and will be put to operation.
NLC had recently commenced its coal mining operations in NLC Talabira Project in Odisha. The Total capacity of mining is 23 Million Tones per Annum.

The total capacity of Mines in Neyveli is 28 Million Tones Per Annum.
Read 12 tweets

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