No new tax proposals in Puducherry budget

Money matters: Chief Minister V. Narayanasamy presenting the budget for 2018-19 on the floor of the Legislative Assembly in Puducherry on Monday. There were no new tax proposals in the budget. | Photo Credit: T_SingaravelouChief Minister V. Narayanasamy on Monday presented a budget of ?7,530 crore for the 2018-19 fiscal. Legacy loan waiverMr. Narayanasamy said he had been persistently requesting the Centre to waive the legacy loan of ?2,177 crore. The Centre had abolished Plan and non-Plan distinction of expenditure and classified the expenditure as capital and revenue, he said.

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