The Tamil Nadu budget, presented by the State Finance Minister, Mr K. Anbazhagan, on Tuesday, shows a deficit of Rs 11,823.64 crore, chiefly on the back of tax concessions worth Rs 100 crore and interest-free crop loans to be given to farmers wh o repaid their loans on time from this fiscal.
Land tax for dry land would be reduced to Rs 2 from the present Rs 15 a acre, and to Rs 5 from Rs 50 for wet land.
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