Insta
The Finance Ministry’s head office (Mint via Getty Images)
The fifteenth finance commission met today (10 May) went ahead to set up an expert committee to set up an expert committee to advise it on matters relating to Terms of Reference (ToR) that has recently come under attack in several states such as Andhra Pradesh and Kerala, reports PTI. States from the south have criticised the ToR saying it using the 2011 census as a base to distribute central funds would see progressive states lose out on their revenue.
According to a government release, the committee has been set up by the commission to advise it on matters relating to the ToR. The panel’s purpose would be to undertake any whitepaper or study in any matter that would help enhance the Commission’s understanding of ToR.
Members of the panel include former Chief Economic Adviser Arvind Virmani, Surjit Bhalla, former International Monetary Fund (IMF) deputy director Sanjeev Gupta, professor Pinaki Chakraborty, J P Morgan’s Sajid Chinnoy and Neelkanth Mishra of Credit Suisse India.
Finance Minister Arun Jaitley had last month clarified that there was no inherent bias against states that had implemented population control measures under the ToR and said that a needless controversy was being created.
Andhra Pradesh Chief Minister Chandrababu Naidu had come out strongly against the ToR recently, claiming that it hurt progressive states when the 2011 census data was taken as a base to distribute funds by the Centre.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest