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Centre assures states with special problems of help
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SME Times News Bureau | 06 Aug, 2015
Assuring parliament that no state would be shortchanged in the federal
distribution of finances, union Finance Minister Arun Jaitley on
Wednesday assured states with special problems that their interests
would be fully safeguarded.
He cited the instances of Odisha,
Punjab and Andhra Pradesh in this regard while speaking on the
government's supplementary demand for grants in the Lok Sabha.
"In
Punjab, canal irrigation has been under pressure for years, with no
investments for increasing capacity of the canals," Jaitley said.
"It
is in our interest to increase irrigation capacity in the foodgrain
bowl of India," the minister said, noting that the government will spend
Rs.50,000 crore from the union budget over the next five years on
irrigation under the Pradhan Mantri Krishi Sinchai Yojana (PMKSY).
Regarding
Odisha, Jaitley said its receipts under the 14th Finance Commission
(FC) would more than double to Rs.180,796 crore, compared to the
Rs.68,119 crore the state had received under the 13th Finance
Commission.
"Andhra Pradesh has suffered from the bifurcation of
the state. In the first year, we have been trying to help it to cover
its losses (from separating Telangana)," Jaitley said.
"We will
continue to support Andhra Pradesh in every way, whether it's about its
revenue deficits, and also in ways so that industry can come to the
state," he added.
The 14th Finance Commission has recommended a
record 10 percent increase in the states' share in the divisible pool of
taxes to 42 percent, which will give the states an additional
Rs.178,000 crore in 2015-16.
The commission also recommended a grants-in-aid of Rs.48,906 crore for 11 revenue deficit states for 2015-16.
The
total devolution to the states in 2015-16 will be Rs.526,000 crore,
representing an increase of Rs.178,000 crore over 2014-15.
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