Finance commission reviews devpt works in Varanasi
Varanasi: A 15-member delegation of the 16th Central Finance Commission, led by Chairman Arvind Panagariya, visited Varanasi on Thursday.
Upon arrival at Babatpur Lal Bahadur Shastri International Airport, they were welcomed by commissioner S Rajalingam, police commissioner Mohit Agarwal, and district magistrate Satyendra Kumar.
Subsequently, the delegation visited Shri Kashi Vishwanath Dham. After performing rituals at the temple, they received information about the corridor construction from authorities concerned. The chairman and members distributed material to the elderly at the Mumukshu Bhavan in the corridor area.
The Central Finance Commission members visited the Banarasi Silk Centre, Panaya to learn in detail about the process of making Banarasi sarees.
They observed the weaving of Banarasi sarees, stoles, rugs and other items on handlooms and interacted with artisans. They were shown various silk garments made on handlooms, including Banarasi sarees and ladies' suits.
The delegation was impressed by the zari work on sarees made 250 years ago. Based on the suggestions from the chairman and members, manager of the Banarasi Silk Centre spoke about plans to establish a museum in Varanasi to display these ancient garments.
The members also visited Rasulpur village in the Pindra development block to review the development work. During the inspection, the chairman and members inspected the Amrit Sarovar and the village secretariat. They interacted with the village head and residents to learn about the projects funded by the finance commission. Discussions were held on important tasks related to solid waste management, waste disposal and plastic waste management.
The DM provided detailed information about the significance of Amrit Sarovars. The chairman and members also planted saplings by the Amrit Sarovar to convey an environmental message. They then inspected the Dr Sampurnanand Sports Stadium, reviewing new facilities like volleyball, badminton, basketball, swimming pool, tennis courts and athletics track.
They expressed satisfaction with the work done at Rasulpur village and the sports stadium.
The members also visited Namo Ghat and the Vishwanath Temple on the campus of Banaras Hindu University.
Varanasi: A 15-member delegation of the 16th Central Finance Commission, led by Chairman Arvind Panagariya, visited Varanasi on Thursday.
Upon arrival at Babatpur Lal Bahadur Shastri International Airport, they were welcomed by commissioner S Rajalingam, police commissioner Mohit Agarwal, and district magistrate Satyendra Kumar.
Subsequently, the delegation visited Shri Kashi Vishwanath Dham. After performing rituals at the temple, they received information about the corridor construction from authorities concerned. The chairman and members distributed material to the elderly at the Mumukshu Bhavan in the corridor area.
The Central Finance Commission members visited the Banarasi Silk Centre, Panaya to learn in detail about the process of making Banarasi sarees.
They observed the weaving of Banarasi sarees, stoles, rugs and other items on handlooms and interacted with artisans. They were shown various silk garments made on handlooms, including Banarasi sarees and ladies' suits.
The delegation was impressed by the zari work on sarees made 250 years ago. Based on the suggestions from the chairman and members, manager of the Banarasi Silk Centre spoke about plans to establish a museum in Varanasi to display these ancient garments.
The members also visited Rasulpur village in the Pindra development block to review the development work. During the inspection, the chairman and members inspected the Amrit Sarovar and the village secretariat. They interacted with the village head and residents to learn about the projects funded by the finance commission. Discussions were held on important tasks related to solid waste management, waste disposal and plastic waste management.
The DM provided detailed information about the significance of Amrit Sarovars. The chairman and members also planted saplings by the Amrit Sarovar to convey an environmental message. They then inspected the Dr Sampurnanand Sports Stadium, reviewing new facilities like volleyball, badminton, basketball, swimming pool, tennis courts and athletics track.
They expressed satisfaction with the work done at Rasulpur village and the sports stadium. The members also visited Namo Ghat and the Vishwanath Temple on the campus of Banaras Hindu University.
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Time of India
3 days ago
- Time of India
Finance commission reviews devpt works in Varanasi
Varanasi: A 15-member delegation of the 16th Central Finance Commission, led by Chairman Arvind Panagariya, visited Varanasi on Thursday. Upon arrival at Babatpur Lal Bahadur Shastri International Airport, they were welcomed by commissioner S Rajalingam, police commissioner Mohit Agarwal, and district magistrate Satyendra Kumar. Subsequently, the delegation visited Shri Kashi Vishwanath Dham. After performing rituals at the temple, they received information about the corridor construction from authorities concerned. The chairman and members distributed material to the elderly at the Mumukshu Bhavan in the corridor area. The Central Finance Commission members visited the Banarasi Silk Centre, Panaya to learn in detail about the process of making Banarasi sarees. They observed the weaving of Banarasi sarees, stoles, rugs and other items on handlooms and interacted with artisans. They were shown various silk garments made on handlooms, including Banarasi sarees and ladies' suits. The delegation was impressed by the zari work on sarees made 250 years ago. Based on the suggestions from the chairman and members, manager of the Banarasi Silk Centre spoke about plans to establish a museum in Varanasi to display these ancient garments. The members also visited Rasulpur village in the Pindra development block to review the development work. During the inspection, the chairman and members inspected the Amrit Sarovar and the village secretariat. They interacted with the village head and residents to learn about the projects funded by the finance commission. Discussions were held on important tasks related to solid waste management, waste disposal and plastic waste management. The DM provided detailed information about the significance of Amrit Sarovars. The chairman and members also planted saplings by the Amrit Sarovar to convey an environmental message. They then inspected the Dr Sampurnanand Sports Stadium, reviewing new facilities like volleyball, badminton, basketball, swimming pool, tennis courts and athletics track. They expressed satisfaction with the work done at Rasulpur village and the sports stadium. The members also visited Namo Ghat and the Vishwanath Temple on the campus of Banaras Hindu University. Varanasi: A 15-member delegation of the 16th Central Finance Commission, led by Chairman Arvind Panagariya, visited Varanasi on Thursday. Upon arrival at Babatpur Lal Bahadur Shastri International Airport, they were welcomed by commissioner S Rajalingam, police commissioner Mohit Agarwal, and district magistrate Satyendra Kumar. Subsequently, the delegation visited Shri Kashi Vishwanath Dham. After performing rituals at the temple, they received information about the corridor construction from authorities concerned. The chairman and members distributed material to the elderly at the Mumukshu Bhavan in the corridor area. The Central Finance Commission members visited the Banarasi Silk Centre, Panaya to learn in detail about the process of making Banarasi sarees. They observed the weaving of Banarasi sarees, stoles, rugs and other items on handlooms and interacted with artisans. They were shown various silk garments made on handlooms, including Banarasi sarees and ladies' suits. The delegation was impressed by the zari work on sarees made 250 years ago. Based on the suggestions from the chairman and members, manager of the Banarasi Silk Centre spoke about plans to establish a museum in Varanasi to display these ancient garments. The members also visited Rasulpur village in the Pindra development block to review the development work. During the inspection, the chairman and members inspected the Amrit Sarovar and the village secretariat. They interacted with the village head and residents to learn about the projects funded by the finance commission. Discussions were held on important tasks related to solid waste management, waste disposal and plastic waste management. The DM provided detailed information about the significance of Amrit Sarovars. The chairman and members also planted saplings by the Amrit Sarovar to convey an environmental message. They then inspected the Dr Sampurnanand Sports Stadium, reviewing new facilities like volleyball, badminton, basketball, swimming pool, tennis courts and athletics track. They expressed satisfaction with the work done at Rasulpur village and the sports stadium. The members also visited Namo Ghat and the Vishwanath Temple on the campus of Banaras Hindu University. Get the latest lifestyle updates on Times of India, along with Eid wishes , messages , and quotes !
Hindustan Times
5 days ago
- Hindustan Times
Most states, including Uttar Pradesh, want share in Central taxes hiked to 50%: Finance commission chairman
A majority of the 28 states, including Uttar Pradesh, have demanded that the 16th Finance Commission should recommend an increase in the states' share in the divisible pool (of the Centre's tax revenue) from 41% to 50%, the commission's chairman Arvind Panagariya said during a visit to Lucknow on Wednesday. Panagariya also said Uttar Pradesh's tax collections are very good and the state has prudently managed its finances. He made these observations after a meeting with the Uttar Pradesh team led by chief minister Yogi Adityanath and viewing a presentation that additional chief secretary finance Deepak Kumar made before the finance commission at Lok Bhavan in the state capital. Panagariya called the chief minister's speech vibrant and said he (Adityanath) spoke about the state's progress in different areas and its expectations. The finance commission chairman also said, barring the Covid period, the state's fiscal deficit remained within permissible limits. The state's debt to GSDP ratio was also within manageable limits, he added. Noting that U.P's tax collections and GSDP have been on the rise, he said the state's expenditure is well designed. Panagariya said 22-23 or more of the 28 states have recommended an increase in the share of states. 'The Uttar Pradesh government, like most other states, has recommended to the Finance Commission that the share of states be increased from 41% to 50%,' Pangariya said, speaking to media persons, here on Wednesday. As Uttar Pradesh's share in the divisible pool came down marginally from 17.959% to 17.931% (2021-22 to 2025-26) following the 15th Finance Commission's recommendations, the state government requested the 16th finance panel to make changes in the horizontal devolution formula – the distribution of revenue among the states. The commission was also urged to make U.P-specific recommendations. The request for changes in the criteria for horizontal recommendation has been made as more weight given to population may work for the state, but the demographic performance that includes Total Fertility Rate (TFR) goes against it. As the finance commissions in the past have given more weight to the poorer states, Uttar Pradesh, with a lower per capita income, would be in an advantageous position if the income distance criteria is retained. The 15th Finance Commission had recommended 15% weight to population, 15% to area, 10% to forest and ecology, 2.5% to tax effort, 12.5% to demographic performance and 45% to income distance. The state government has requested the 16th Finance Commission to change the horizontal devolution criteria and give 22.5% weight to population, 10% to area, 5% to forest and ecology, 10% to tax effort, 7.5% to demographic performance and 45% to income distance. Panagariya said the commission would finalise its recommendations after completion of consultations with the Union ministries. He said with its UP visit, the commission's consultations with 28 states are complete. About U.P's loss-making public sector units, he said the state government informed the commission about the move to privatise two power distribution companies. The commission also met representatives of panchayat raj institutions, urban local bodies, trade and industry and political parties. The commission, which visited Ayodhya on Tuesday, will wind up its Uttar Pradesh tour by paying a visit to Varanasi on Thursday. Besides making recommendations regarding vertical devolution (distribution between the Centre and the states), the Finance Commission also makes recommendations about horizontal devolution — the distribution among the states. As per the provisions of Clause (1) of Article 280 of the Constitution of India, the Finance Commission is constituted every five years to make recommendations to the President of India about the distribution of net proceeds of central taxes between the Centre and the states. The 16th Finance Commission will submit its report for the five-year period from 2026-2027 to 2030-2031. The 15th Finance Commission covered a six-year period. It submitted two reports — the first for 2020-2021 and the second for 2021-2022 to 2025-2026. .
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Business Standard
6 days ago
- Business Standard
Over 22 Indian states demand 50% share in central tax revenue allocation
More than 22 of India's 28 states have asked the 16th Finance Commission to raise their share of the divisible tax pool from the current 41 per cent to 50 per cent, Commission chairman Arvind Panagariya said on Wednesday. The Commission visited Lucknow as part of its ongoing consultations with state governments across the country. Addressing the media, Panagariya noted that states such as Uttar Pradesh have joined the majority in seeking a greater share of central tax revenues. 'At present, states receive 41 per cent of the total divisible tax revenue, while the Centre retains 59 per cent... UP, along with many others, has recommended increasing the state share to 50 per cent,' said Panagariya, according to a report by PTI. Commission yet to confirm recommendation Despite the widespread demand, Panagariya did not confirm whether the Commission would include this proposal in its final recommendations. He did, however, note that past Finance Commissions' recommendations have generally been accepted by the Centre without changes. The 16th Finance Commission was constituted on 31 December 2023 under Article 280 of the Constitution. It has been tasked with recommending how tax revenues should be distributed between the Centre and the states for the five-year period beginning 1 April 2026. The Commission is expected to submit its report by 31 October 2025, covering fiscal years 2026–27 to 2030–31. States carry heavier spending responsibilities State governments account for over 60 per cent of total public expenditure in the country, with a significant focus on social infrastructure such as healthcare, education, and law and order. In contrast, the Union government primarily allocates spending to physical infrastructure. Since the rollout of the Goods and Services Tax (GST) in July 2017, states have experienced a decline in their autonomy over revenue collection. Their capacity to raise funds independently has been curtailed, increasing their dependence on central transfers. A related concern is the Union government's increased use of cesses and surcharges, which are not shared with the states. Since the onset of the Covid-19 pandemic, the share of these levies in the Centre's gross tax revenue has risen from 9–12 per cent to over 15 per cent. Last year, Tamil Nadu Chief Minister MK Stalin had called for an increase in the state's share of central taxes to 50 per cent, citing concerns over reduced devolution of funds and mounting financial burdens due to centrally-sponsored schemes. Speaking to Panagariya in Chennai, Stalin maintained the need for a revised fiscal framework that supports states like Tamil Nadu. He argued that allocating additional funds to high-performing states would enhance India's "overall development and economic strength".
