Latest World News Update
Search
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Live Streaming
  • Legal Talk
Reading: Share of states in central funds should not be looked at in isolation, says Finance Commission – World News Network
Share
Font ResizerAa
Latest World News UpdateLatest World News Update
Search
  • Home
    • Home 1
  • Categories
  • Legal Talk
  • Bookmarks
  • More Foxiz
    • Sitemap
Follow US
Made by ThemeRuby using the Foxiz theme. Powered by WordPress
Latest World News Update > Blog > Business > Share of states in central funds should not be looked at in isolation, says Finance Commission – World News Network
Business

Share of states in central funds should not be looked at in isolation, says Finance Commission – World News Network

By worldnewsnetwork Last updated: June 24, 2024 3 Min Read
Share

Shimla (Himachal Pradesh) [India], June 24 (ANI): The Chairman of the 16th Finance Commission of India, Arvind Panagariya, said that the share of a state cannot be looked at in isolation by the Commission. The Chairman was addressing the media in Shimla on Monday.
Answering media questions about a green bonus for Himachal Pradesh under the special category, he said that Himachal’s share cannot be seen in isolation.
“Himachal Pradesh’s share can’t be seen in isolation. There are 28 states in the country. It is definitely within the purview of the Commission,” said Arvind Panagariya, Chairman of the 16th Finance Commission of India.
He further added, “It is too early in the tenure of the 16th Finance Commission to say anything as this is a very big task which is for five years to make recommendations on first of all the total tax revenues of the central government will be divided between the central government and the states and then how the shares of states taken together will be divided among the states.”
The Green bonus is compensation from the central government for the ‘environmental services’ provided by the state.
The Chairman also mentioned that the state government had given a detailed presentation of 90 slides, which lasted for three hours. He said meetings with the state government were cordial.
The team of the 16th Finance Commission is in Shimla on its three-day visit, and Himachal Pradesh is the first state that the Commission has started its consultation visit.
During the meeting, the state government also raised its concerns and took up issues with the hope of getting Himachal Pradesh under a special category state. The Chief Minister of the state, Sukhvinder Singh Sukhu, demanded the state be included in the special category.
He said, “The hill states should be kept under special consideration in 41 per cent taxes share. We have a higher cost of construction; the parameters of the plain will not be applicable in the hills. We have kept our view seriously, we hope the finance commission during the next one and a half years on its recommendations will consider our demands. We have also said that in disaster the NDRF and SDRF parameters can’t be like in plain areas, we have different disaster situations.” (ANI)

Contents
WORLD MEDIA NETWORKPRESS RELEASE DISTRIBUTIONPress releases distribution in 166 countriesPress releases in all languagesPress releases in Indian LanguagesIndia PackagesEurope PackagesAsia PackagesMiddle East & Africa PackagesSouth America PackagesUSA & Canada PackagesOceania PackagesCis Countries PackagesWorld Packages

Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Email Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

SUBSCRIBE NOW

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

HOT NEWS

APSEZ breaks records: Handles 420 MMT cargo globally, sets new milestones in March 2024 – World News Network

The company announced that it achieved its highest ever monthly cargo volumes, exceeding 38 MMT…

April 1, 2024

Stock market opens on a bullish note: Nifty-Sensex surge – World News Network

Simultaneously, the BSE Sensex followed suit, leaping by 317.27 points or 0.43 per cent, commencing…

April 1, 2024

IIHM Institute of Hospitality Skills (IIHS) opens largest training centre in Udaipur – World News Network

New Delhi [India], April 1: IIHM Institute of Hospitality Skills (IIHS), India's largest training centre…

April 1, 2024

YOU MAY ALSO LIKE

Nifty, Sensex open flat amid cautious sentiment ahead of rate cut decisions in 16 central banks globally – World News Network

Indian stock markets opened almost flat in green on Monday as investors remained cautious ahead of several key monetary policy…

Business
September 15, 2025

Adani Cement launches ‘FutureX’ to bridge classrooms with real-world innovation aims to forge India’s next-gen leaders – World News Network

On Engineer's Day, Adani Cement, part of the diversified Adani Group and the world's ninth largest building materials and solutions…

Business
September 15, 2025

Gas to be the only fossil fuel rising in energy mix of US, China, India by 2050: Report – World News Network

By 2050, natural gas will be the only fossil fuel to see an increase in the energy mix of the…

Business
September 15, 2025

India’s wholesale inflation turns positive after two months in negative; August WPI at 0.52% – World News Network

India's wholesale inflation based on All India Wholesale Price Index (WPI) number in August is reported at 0.52 per cent…

Business
September 15, 2025
Latest World News Update

Follow US: 

Copyright © 2024 World News Network. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?