SME Times News Bureau | 22 Mar, 2019
The Fifteenth
Finance Commission on Wednesday held
a detailed discussion with the senior officials of the Ministry of Environment,
Forest and Climate Change.
Discussions were held
on the proposed formula for Forest Sector Based Tax Devolution along with a
proposed catchment area treatment and forest restoration grant.
The meeting also
discussed in detail the proposed recommendations for environment (pollution
sector) and the proposed pollution abatement performance grant along with
proposed formula for the purpose.
The
recommendations for climate change under the NDC Goal 5 were also discussed in
the meeting. The Commission considered the proposed formula for climate
change ( NDC Goal 5 Grant) and the possibilities of climate change grant
conditionality.
As per the terms of
reference of the Fifteenth Finance Commission the Commission may consider
proposing measurable performance-based incentives for States, at
the appropriate level of government, in various areas.
In this regard, the
Commission headed by its Chairman, Shri N. K. Singh and including its
Members, held a detailed discussion with the senior officials of the
Ministry of Environment, Forest and Climate Change.