States eye early tabling of finance panel report

NEW DELHI: State governments and different stakeholders are on the lookout for an early tabling of the 15th Finance Fee’s report in Parliament, which is able to assist the previous plan their funds for the subsequent monetary 12 months higher.
Lately, the Centre has opted to desk the report a day earlier than the Funds. In truth, the Narendra Modi authorities went a step additional and tabled the 15th Finance Fee’s first report and the Motion Taken Report (ATR) together with the Funds on February 1.
However not like the previous, when stories have been offered in direction of the top or after the winter session of Parliament, the newest report (for April 2021 to March 2026) has been submitted to the President properly earlier than the winter session, which is often held in December. On Monday, the fee offered its report back to Modi.
The 14th Finance Fee, as an example, submitted its report on December 15, 2004, whereas the ATR was laid within the Home on February 25. Equally, the 13th Finance Fee one submitted its report on December 30, whereas its predecessor did so on the December 17, with the ATR tabled in late February in each circumstances. The 11th Finance Fee, was completely different since its ultimate report was submitted on August 30, 2000 with the ATR tabled in Parliament in mid-December.
Given the huge tax shortfall and better spending necessities because of the pandemic, most states are eager to know the way the 15th Finance Fee has proposed to deal with the difficulty of devolution.

Leave a Reply

%d bloggers like this: