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:: Press Releases ::
 
FINANCE COMMISSION VISITS BIHAR
Tuesday, January 07, 2014
 

1. Dr. Y.V. Reddy, Chairman, Prof. Abhijit Sen, Ms. Sushama Nath, Dr. M. Govinda Rao and Dr. Sudipto Mundle, Members of the Fourteenth Finance Commission and Sh. A.N. Jha, Secretary visited the State of Bihar from January, 6 & 7, 2014 to hold consultations with the State Government and key stake holders. .

2. The Commission met with the Hon’ble Chief Minister, his Cabinet Colleagues and senior officers of the State Government, for discussions. .

3. The Chief Minister Bihar welcomed the Chairman and Members to Bihar and highlighted that over the last eight years the Government of Bihar had made concerted efforts to improve the State, while adhering to fiscal discipline as a result there had been growth but the same was not enough. He stated that in addition looking at devolution technically the Finance Commission should also look at overall inclusive development in the Country. He stated that 50% of central taxes should be devolved to States. He outlined the major initiatives of the State and informed that as most of the growth was on account of public investments additional resources should be made available to support continued growth in the State. .

4. The State Government submitted their Memorandum and made a detailed presentation on the finances of the State and gave their views on some of the Terms of Reference of the Commission. Presentations were also made on `Power Sector’, `Manav Vikas Mission including RTE, Secondary Education & Health’, `Agriculture Road Map/Rural Roads’ and on `Panchayat Raj/JEEVIKA’ highlighting the achievements of the State and on the quantum of grants required from the Finance Commission. The Commission also interacted with representatives of political parties, Panchayati Raj Institutions, Urban local bodies and Trade and Industry Associations. .

5. The Commission places on record its appreciation for the Chief Minister and State Government for the cooperation and support extended to the Commission and assures that the issues raised will receive due attention in the deliberation of the Commission. The Commission also looks forward to continuing interaction with the State Government. .

6. The Commission will finalize its recommendations by October 2014 after completing its discussions with all the State Governments, the Government of India and relevant stake holders. .

 
FOURTEENTH FINANCE COMMISSION,B-14/A, CHATRAPATI SHIVAJI BHAVAN, QUTAB INSTITUTIONAL AREA, NEAR KATWARIA SARAI, NEW DELHI-110016
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