CM holds review meeting with finance offiicials

 

by Suryaa Desk | Sun, Jan 13, 2019, 11:51 AM

Telangana CM K. Chandrashekhar Rao said that the Finance Commission should think of leveraging the Indian economy and its role has to be totally changed and its functioning should not be a routine affair. The Chief Minister held a review meeting with finance and senior officers in the backdrop of possibility of a visit of 15th Finance Commission to the state shortly. Chief Advisor Rajiv Sharma, Chief Secretary SK Joshi, Financial Advisor GR Reddy, CMO officers Narsing Rao, SmitaSabarwal, Sandeep Sultania, Manik Raj, Special CS Rajeshwar Tiwari, Finance Secretary Ramakrishna Rao, PR Secretary Vikas Raj, Commissioner PR Neetu Prasad, IT Secretary GTV Rao and others attended the meeting.


KCR said that though there have been different Governments at the National and state level since independence with different political parties coming to power from time to time there has not been a qualitative change and hence it’s time to introspect on this. He expressed unhappiness as to why people are disappointed with the policies of governments and are in an agitating mood. In this context, CM mentioned that the two political systems have miserably failed the nation.


The Chief Minister said, "The broad fiscal policy lies with the Government of India. Whatever they are supposed to devolve, they have instead centralized. I told NITI Ayog in one of the meetings that, the centre should not come in the way of growing states. The growth of the state should be considered as the growth of country. Do not disincentivise growing states. Even for meagre funds lots of conditions are imposed by the centre. The relation that should exist between union government to state government is absent. Its highly unfortunate that the policies devolution is in a manner of dishonouring state government and states’ powers”.


Referring to the Finance Commission and its role CM said that, “The Finance Commission visits states with pre-occupied notions. They come with pre-occupied ideas like ToR which in fact should be done after they complete their visit, discuss with state governments and take their views. Its better if the Finance Commission becomes a policy formulating body. Devolution is the right of the states. Lot of diversity is there with reference to states’ requirements”.


With these observations, the Chief Minister KCR instructed the Finance Department officers to prepare a memorandum highlighting Telangana State’s requirements and it should include what all that the state needs.

Latest News
SC allows Abbas Ansari's bail plea in arms licence case Mon, Mar 18, 2024, 04:47 PM
I will be bowling this season, playing all 14 matches, says MI skipper Hardik Pandya Mon, Mar 18, 2024, 04:42 PM
Bihar: BJP keen on hat trick with Ujiarpur Lok Sabha hot seat Mon, Mar 18, 2024, 04:40 PM
Death toll in Kolkata building collapse rises to five; prompter held Mon, Mar 18, 2024, 04:35 PM
India's rising capex cycle is now broad-based Mon, Mar 18, 2024, 04:07 PM