SME Times is powered by   
Search News
Just in:   • Sensex, Nifty flat, Yes Bank down 3%  • Paytm, SHEROES join hands for women's only platform on app  • Redmi Note 8 Pro with 64MP quad camera to launch on Aug 29  • Dollar falls amid declining US Treasury yields  • Pak approaches Twitter over suspension of accounts 
Last updated: 17 Apr, 2019  

India.Growth.9.Thmb.jpg NITI suggests Finance Commission on key issues

India.Growth.9.jpg
   Top Stories
» TDF scheme to encourage MSMEs for defence manufacturing: Rajnath
» Banking reforms to be tailored to local needs: RBI official
» RERA a resounding success: Minister
» National conference of tourism ministers concludes
» Corporate tax to be cut gradually: Sitharaman
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 Framework. 

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 Commission.  

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. 

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 21 Aug, 2019
  Daily Poll
Is the Union Budget 2019 MSME-friendly?
 Yes
 No
 Can't say
  Commented Stories
» Sitharaman meets realty players, discuss liquidity(1)
» US military official visits Turkey for intervention in Syria(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter