SME Times News Bureau | 17 Apr, 2019
In the 2nd meeting of the 15th
Finance Commission with it, the NITI Aayog recently put forth suggestions for
the 15th Finance Commission and made a case for award of
Performance Based Grants for States /Sectors.
While observing that richer states grew faster than
poorer states, the NITI Aayog made suggestions to the Commission on transfer of
resources to States by the Centre.
The Aayog also listed out certain possible indicators
for the consideration of the Commission, it made recommendations on
Innovation and Transformation funds as well as on Medium Term Expenditure
Appreciating the suggestions of the Aayog,
Chairman, Shri N.K. Singh said there were concrete new thoughts and Commission
would certainly examine the recommendations thoroughly.
The Chairman added that since NITI Aayog was an
important and integral part of the Central Government, its recommendations must
be part of the Central Government Memorandum to the Finance
The Members also exchanged views on the issues
raised by the Aayog and discussed relevant issues like the Centrally Sponsored
Schemes – which have now been made Co-terminus with the award period of
the respective Finance Commission, conditionality/lack-of-conditionality of the
horizontal, vertically and sector specific, and striking balance between
performance grants and basic grants.