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Fiscal Needs of each state to be individually assessed: N K Singh

New Delhi: A delegation led by Dy. Chief Minister and Finance Minister of Tamil Nadu O. Pannerselvam met the 15th Finance Commission today. The delegation submitted a memorandum to the Commission and put forward their viewpoints regarding the Terms of Reference (TOR) of the Commission. Chairman N. K. Singh welcomed the delegation and appreciated them. He assured them that the fiscal needs of each state will be individually assessed and their special characteristics will be kept in view.

Over 40 members delegation of Members of Parliament from AIADMK including Shri M. Thambi Durai, Dy. Speaker of the Lok Sabha put forward the efforts made and resources mobilized by Tamil Nadu towards the upliftment of the people in the state, in a meeting which went around 35 minutes.

They urged the Commission to balance the need for fiscal transfers to less developed states while simultaneously meeting the growing aspirations and expectations of the people of the better performing states.

A progressive state like Tamil Nadu which has contributed greatly to India’s prosperity would certainly receive the Commission’s careful consideration. Commission’s visit to the state of Tamil Nadu was finalized for the end of September.

 

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