New Delhi: States – from Punjab and Haryana to Maharashtra and Kerala – demanded more funds from the Center while Chhattisgarh, which had decided to give up the National Pension Scheme (NPS) and go for the old The case created Rs 17,000 crore, which flowed into the NPS in the form of employees’ and state government’s contribution.
While the Union Finance Minister Nirmala Sitharaman met the finance ministers of the states as part of budget Consulting, some states, such as Left-ruled Kerala, also used the platform to get 60% of GST receipts, rather than sharing the collection equally.
The Finance Minister of Kerala said, “States should be given more fiscal powers/autonomy to ensure cooperative federalism and encourage the specific efforts of the states to achieve development and ensure social justice.” KN Balagopal said in his submission.
tamilnadu fm p Tyag Rajan Said states want more funds as centrally sponsored schemes have reduced their elbow room. “Irrespective of political party, all states have expressed the common theme that fiscal autonomy is limited to the extent of centrally sponsored schemes, by the extent of changing proportion of funding of such schemes,” he added.
But, most of the states used the meeting to seek special packages for one purpose or the other. If the financially stressed Punjab referred to its border districts to seek assistance, Andra Pradesh Wanted it to meet its capital expenditure requirement. Andhra and Telangana were the first states to be flagged for off-budget borrowing and flouting norms. Apart from seeking funds for various schemes, Maharashtra suggested incentives for clean energy sectors including tax exemptions.
While the Union Finance Minister Nirmala Sitharaman met the finance ministers of the states as part of budget Consulting, some states, such as Left-ruled Kerala, also used the platform to get 60% of GST receipts, rather than sharing the collection equally.
The Finance Minister of Kerala said, “States should be given more fiscal powers/autonomy to ensure cooperative federalism and encourage the specific efforts of the states to achieve development and ensure social justice.” KN Balagopal said in his submission.
tamilnadu fm p Tyag Rajan Said states want more funds as centrally sponsored schemes have reduced their elbow room. “Irrespective of political party, all states have expressed the common theme that fiscal autonomy is limited to the extent of centrally sponsored schemes, by the extent of changing proportion of funding of such schemes,” he added.
But, most of the states used the meeting to seek special packages for one purpose or the other. If the financially stressed Punjab referred to its border districts to seek assistance, Andra Pradesh Wanted it to meet its capital expenditure requirement. Andhra and Telangana were the first states to be flagged for off-budget borrowing and flouting norms. Apart from seeking funds for various schemes, Maharashtra suggested incentives for clean energy sectors including tax exemptions.