https://www.taxtmi.com/news?id=59211 The legislative assembly re-adopted the Tamil Nadu Fiscal Responsibility (Amendment) Bill, 2024 after the Governor returned it; the amendment mandates a zero revenue deficit and a three per cent fiscal deficit target within extended timelines. The Governor objected that the Bill extends targets beyond the finance commission period, warned that routine extensions would dilute statutory fiscal discipline and set adverse precedents, and criticised an 18-month delay in the Bill's processing. The Assembly characterised the return as undermining legislative authority and proposed resubmission for assent. en-us Fri, 17 Oct 2025 20:46:03 +0530 Fri, 17 Oct 2025 20:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=59211 The legislative assembly re-adopted the Tamil Nadu Fiscal Responsibility (Amendment) Bill, 2024 after the Governor returned it; the amendment mandates a zero revenue deficit and a three per cent fiscal deficit target within extended timelines. The Governor objected that the Bill extends targets beyond the finance commission period, warned that routine extensions would dilute statutory fiscal discipline and set adverse precedents, and criticised an 18-month delay in the Bill's processing. The Assembly characterised the return as undermining legislative authority and proposed resubmission for assent. News - Fri, 17 Oct 2025 20:46:03 +0530 https://www.taxtmi.com/news?id=59211