Tweet

This Thread may be Removed Anytime!

Twitter may remove this content at anytime! Save it as PDF for later use!

More from @ikkmurugan

Krishna Kumar Murugan

@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 15 tweets

Krishna Kumar Murugan

@ikkmurugan

5 Mar

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

Read 4 tweets

Krishna Kumar Murugan

@ikkmurugan

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%.

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.

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

Krishna Kumar Murugan

@ikkmurugan

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

Krishna Kumar Murugan

@ikkmurugan

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.

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.

https://twitter.com/ikkmurugan/status/1342499207802830850

Looking for more details? You might find it here 👇👇

https://twitter.com/ikkmurugan/status/1342499207802830850

Read 4 tweets

Krishna Kumar Murugan

@ikkmurugan

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

Share this page!

Krishna Kumar Murugan

Try unrolling a thread yourself!

More from @ikkmurugan

Krishna Kumar Murugan

Krishna Kumar Murugan

Krishna Kumar Murugan

Krishna Kumar Murugan

Krishna Kumar Murugan

Krishna Kumar Murugan

Did Thread Reader help you today?

Like this author's thread?