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Maharashtra seeks Rs 50,000-cr for Mumbai development
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SME Times News Bureau | 19 Sep, 2018
The 15th Finance Commission headed by N. K. Singh held talks with
political parties, trade and industry organisations and local bodies in
Maharashtra on Tuesday, while the government and political parties
sought a special grant of Rs 50,000 crore for Mumbai's development, an
official said here.
On a three-day visit to the state, the commission comprises Ashok Lahiri, Shaktikanta Das, Anoop Singh and Ramesh Chand.
Leaders
and delegations of several political parties expressed concern that the
state has been deprived of tax devolution on the pretext that the state
has the highest GSDP and successive commissions ignored the challenges
of regional inequality within Maharashtra.
They demanded that
since Maharashtra has maintained the population replacement rate of 1.8,
it should be incentivized for the same.
Raising issues
concerning Mumbai, which has been the growth magnet for the country,
they discussed the resultant immigration which puts enormous stress on
resources and infrastructure.
For this, the parties demanded from
the Commission a special grant of Rs.50,000 crore for the city's
development as people from all states in the country live here.
They
pointed out that while population is a critical indicator for
devolution, due weightage should be given to "in-migration", sought
adequate revenue deficit grants and to pay attention to the farm crises
and drought afflicting the state.
Various industry and
agriculture groups informed the Commission about the shortage of equity
and credit faced by them and requested that Goods & Services Tax
(GST) on services used by the centre and state may be borne by the
respective governments to spare the MSMEs of the burden of frequent
taxation.
The industry groups pointed out that the
competitiveness of Indian exporters would improve due to the Rupee
depreciation within a range of Rs 72-73 per USD.
They added that
the domino effects of insolvency and NCLT is faced by MSMEs and sought
relaxation in the rules of the Insolvency Act.
Local civic bodies
in the urban and rural areas raised issued of need to devolve funds to
the Zilla and Taluka Panchayats, besides village Panchayats, to maintain
community assets, capacity building, raising internal resources and
cluster-based approach for effective delivery of services like sold
waste management.
Representatives from the coastal Konkan
demanded special grants for dealing with cleanliness and beautification
of sea shores, arresting saline water ingression and hill regions like
Panchgani sought funds to provide services to the tourist population and
performance-based incentives.
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