By PTI
THIRUVANANTHAPURAM: Union Finance Minister Nirmala Sitharaman on Saturday hinted at the potential for the Centre contemplating restoring state standing to Jammu and Kashmir.
She dropped the trace whereas speaking in regards to the distribution of funds to the states by the Centre as per the suggestions of the 14th Finance Commission.
Delivering a lecture on Centre-State relations right here, Sitharaman stated Prime Minister Narendra Modi with none hesitation had accepted the advice of the 14th Finance Commission in 2014-15 that 42 per cent of all taxes– a rise from 32 per cent until then– needs to be given to the states.
“That Finance Commission said now you raise it to 42 per cent… which means that Centre will have a lesser amount in its hand. Prime Minister Modi, without a second thought about it, fully accepted the Finance Commission recommendation and that is why today states get 42 per cent of the amount–now reduced by 41 per cent because Jammu and Kashmir is no longer a state.”
“It will soon become…maybe sometime…,” Sitharaman stated in her lecture on “Cooperative Federalism: The Path Towards Atma Nirbhar Bharat” organised right here by Bharatiya Vichara Kendram in reminiscence of Sangh idealogue P Parameshwaran.
In August 2019, the central authorities abrogated Article 370 of the Constitution, which accorded particular standing to Jammu and Kashmir, and bifurcated the state into Union territories.
THIRUVANANTHAPURAM: Union Finance Minister Nirmala Sitharaman on Saturday hinted at the potential for the Centre contemplating restoring state standing to Jammu and Kashmir.
She dropped the trace whereas speaking in regards to the distribution of funds to the states by the Centre as per the suggestions of the 14th Finance Commission.
Delivering a lecture on Centre-State relations right here, Sitharaman stated Prime Minister Narendra Modi with none hesitation had accepted the advice of the 14th Finance Commission in 2014-15 that 42 per cent of all taxes– a rise from 32 per cent until then– needs to be given to the states.
“That Finance Commission said now you raise it to 42 per cent… which means that Centre will have a lesser amount in its hand. Prime Minister Modi, without a second thought about it, fully accepted the Finance Commission recommendation and that is why today states get 42 per cent of the amount–now reduced by 41 per cent because Jammu and Kashmir is no longer a state.”
“It will soon become…maybe sometime…,” Sitharaman stated in her lecture on “Cooperative Federalism: The Path Towards Atma Nirbhar Bharat” organised right here by Bharatiya Vichara Kendram in reminiscence of Sangh idealogue P Parameshwaran.
In August 2019, the central authorities abrogated Article 370 of the Constitution, which accorded particular standing to Jammu and Kashmir, and bifurcated the state into Union territories.
