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:: Press Releases ::
Wednesday, November 13, 2013

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 Tripura on November 12-13, 2013 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 Tripura stressed the possibilities of Tripura being Gateway for Eastern and North Eastern India for the world with development of rail, road and other infrastructure. He pointed out towards the low resource base of the state and limited scope for additional mobilization of the same. He stressed on the issues of; Poor rail, road and telecom network in the state. Limited opportunities of employment due to absence of Central Public Sector Undertakings and lack of private investment in the state. The three decade old problem of insurgency and extremism in the state. He further enumerated the efforts made by the State Government to restrict the non-plan expenditure on salaries. He urged the Commission: To adopt the year 2014-15 as the Base Year for assessment of salary expenditures for the award period. To review the limit of 35% of total revenue expenditure for expenditure on salary expenditure for the state. Equal vertical distribution of central taxes between the centre and the states. To assess the fund requirements for the state on a realistic basis rather than a normative basis for all the North Eastern States, particularly Tripura.

4. The State Government submitted their Memorandum and made a detailed presentation on the finances of the State Government, its projection for the award period and gave their views on some of the Terms of Reference of the Commission. The Commission also interacted with representatives of political parties, Panchayati Raj Institutions, Urban local bodies and Trade and Industry Associations.

5. The Commission placed on record its appreciation to the Chief Minister and State Government for the cooperation and support extended to the Commission and assured 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.

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