DMK, ADMK Govts Left TNCSC Buried Under ₹27,181-Crore Debt To Fund Freebies, Pongal Cash Gifts: White Paper Reveals

DMK, ADMK Govts Left TNCSC Buried Under ₹27,181-Crore Debt To Fund Freebies, Pongal Cash Gifts: White Paper Reveals

Years of welfare populism and election-season cash handouts under successive AIADMK and DMK governments have pushed the Tamil Nadu Civil Supplies Corporation (TNCSC) into a debt burden of ₹27,181 crore, according to the White Paper on Tamil Nadu’s finances released by the TVK government, as reported in The New Indian Express. The report reveals that bank borrowings used to fund Pongal cash gifts, gift hampers and subsidised Public Distribution S…