ru24.pro
News in English
Сентябрь
2024

Oppn-ruled states to build pressure for fair share in 16 Finance Commission

0

The issue of significant cuts in the Central financial allocations to some states due to their progress in certain areas will be a major highlight when Finance Ministers from four South Indian states and Punjab meet on September 12, sources said on Monday.

Five opposition-ruled states -- Kerala (Left), Karnataka and Telangana (Congress), Tamil Nadu (DMK), and Punjab (AAP) -- are holding a conclave to seek a fair deal for their fiscal needs in the upcoming 16th Finance Commission.

The Finance Ministers' conclave is also seen as a bid to build pressure on the BJP-ruled Centre to address their grievances regarding resource allocations, given the commencement of the 16th Finance Commission's operations, chaired by Dr A Arvind Panagariya.

A government source said Kerala and some other states have faced significant cuts in Central financial allocations, as recommended by previous Finance Commissions.

"The 10th Finance Commission recommended a 3.875 per cent allocation for Kerala, whereas