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FM assures states of support for tax devolution
The Business Guardian
|June 23, 2024
Finance Minister Nirmala Sitharaman on Saturday underlined the Government's support to States through timely tax devolution, Finance Commission grants, and arrears of GST compensation being provided for providing stimulus to growth.
Chairing the pre-budget consultations with the Finance Ministers of States and Union Territories (with legislature) for taking suggestions for Union Budget 2024-25, the Minister thanked all the delegates for their inputs and suggestions and assured them of due consideration during the preparation of the Budget 2024-25.
Most Ministers appreciated the Government's 'Scheme for Special Assistance to States for Capital Investment' and gave suggestions for further improvement. Sitharaman responded that while most of the loans are untied, a part of it is condition linked to citizen-centric reforms by states and sector-specific capital projects and requested the states to avail these loans by fulfilling requisite criteria.
Denne historien er fra June 23, 2024-utgaven av The Business Guardian.
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