Balance equity with efficiency: Siddaramaiah to 16th Finance Commission

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Balance equity with efficiency: Siddaramaiah to 16th Finance Commission - Business Standard

Quick Summary:

In his address to Chairman of the 16th Finance Commission Arvind Panagariya and its members at a meeting here, he said the panel needs to carefully examine the impact of extremely high emphasis given to equity on the incentives of well performing states.

Economically advanced States are committed to supporting poorer States, but this should not come at the expense of their own residents or economic efficiency, Karnataka Chief Minister Siddaramaiah said on Thursday.

Noting that cesses and surcharges are not part of the divisible pool, the Chief Minister said over the years, the Union Government has increased its reliance on them.