Fiscal needs of each state will be individually assessed: N K Singh

A delegation led by the Deputy Chief Minister of Tamil Nadu, O. Panneerselvam meeting the Chairman of the 15th Finance Commission, N.K. Singh, in New Delhi on April 19, 2018.

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SME Times News Bureau | 19 Apr, 2018

The 15th Finance Commission Chairman N. K. Singh Thursday said that the fiscal needs of each state will be individually assessed and their special characteristics will be kept in view.

Welcomed a delegation led by Dy. Chief Minister and Finance Minister of Tamil Nadu O. Pannerselvam, Singh said that 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 for the state of Tamil Nadu was finalized for end of September.

The delegation 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.

The meeting which went around 35 minutes.