The finance minister estimates the percentage to be 2.96% and wants to amend the Tamil Nadu Fiscal Responsibility Act to provide some leverage for the government. CHENNAI: The Tamil Nadu government on Thursday presented a tax-free budget for 2016-17. This would be undertaken under Swach Bharat Mission.In the transport sector, the government proposes purchase 2,000 new buses at a cost of Rs 150 crore. Similarly, Rs 500 crore has been allocated for the Atal Urban Renewal Mission.The revised budget estimates the total revenue for the state to be Rs 1.48 lakh crore, down by Rs 3,829.14 crore compared to the interim budget presented in February this year. The minister also allocated Rs 150 crore exclusively to upgrade accident-prone roads and proposed to widen 1000km and upgrade 3000km of state roads.The state government has allocated Rs 400 crore as its share for the smart cities being proposed in Tamil Nadu.

Source: Times of India July 21, 2016 08:48 UTC