Chief Minister of Puducherry V Narayanasamy, Minister for Finance, Government of Andhra Pradesh Yanamala Ramakrishnudu along with Finance Ministers of Kerala, West Bengal, Punjab and Delhi met President Ram Nath Kovind in New Delhi on Thursday and submitted a memorandum on Terms of Reference (ToR) of 15th Finance Commission.
The ministers complained about the “unfair” terms of reference of the 15th Finance Commission.
The ministers proposed that the award of the Fifteenth Finance Commission must apply to Union Territories with legislature (National Capital Territory) of Delhi and Union territory of Poducherry. The terms of Reference may be amended accordingly, the ministers proposed. The 15th Finance Commission, headed by N K Singh, has also been asked to propose measurable performance-based incentives for states which have made efforts to expand and deepen the tax net, slowed population growth, promoted ease of doing business and saved money by adopting Direct Benefit Transfer where government dole is paid via bank accounts of users.
