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BS Opinion | Curated Content | 15th Finance Commission

Kanika Datta  |  New Delhi 

NGOs, civil society, human rights, awareness, campaigns, women, self-help groups, organisations, relief work
Illustration: Binay Sinha

To meet its terms of reference, the has recommended a separate mechanism for funding defence and external security but it has facilitated this by a reduction in grants to the states, which works out to Rs 1.5 trillion over five years. “As a consequence, the Commission has penalised the primary engines of development spending in India: The state governments,” the top edit points out. A more lasting solution would have been for the government to focus on improving tax collection as a percentage of gross domestic product to fulfill its obligations, the edit argues. Read it here.



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First Published: Fri, February 19 2021. 02:31 IST