SME Times News Bureau | 19 Apr, 2019
In a recent
meeting, the NITI Aayog put forth suggestions for the 15th Finance
Commission and made a case for award of Performance Based Grants
for States /Sectors.
The 2nd meeting of the 15th Finance
Commission with the NITI Aayog was held in New Delhi recently.
The Aayog including its Vice Chairman Dr. Rajeev Kumar,
Members, CEO and other Senior Officials, interacted with the
Finance Commission including Chairman Shri N.K. Singh, Members and Senior
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, its made recommendations on Innovation
and Transformation funds as well as on Medium Term Expenditure
The NITI Aayog, Chairman N.K. Singh said there were concrete
new thoughts and Commission would certainly examine the recommendations
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.