Finance Commission open to view alternate index for devolution: Panagariya

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The Finance Commission is open to considering alternate index for devolution of funds to states with regard to natural calamities and state-specific issues, Chairman of the 16th Finance Commission Arvind Panagariya said here on Monday.

The problems arising due to natural disasters were beginning to get more and more acute, he said and pointed out that the 15th Finance Commission has recommended partial devolution of funds.

Apart from Tamil Nadu, states like Himachal Pradesh which the Finance Commission had consulted, put forth a similar view.

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Category: BusinessFinance

Markets: India

Topics: Arvind Panagariya Finance Commission 16th Finance Commission Tax devolution Alternate index for devolution

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Article Type: News Report

Published On: 2024-11-18 @ 22:44:36 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 286 words

Reading Time: 2 minutes read

Sentences: 12 lines

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Copyright Owner: © Business Standard

News ID: 23667911

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