India recorded its best ever performance at CWG, Asian Games in 2018

India recorded its best ever performance at CWG, Asian Games in 2018

Speed Post News Network New Delhi : The year 2018 has turned out to be a landmark for India in terms of achievements in sports arena. Government’s two pronged approach to sports More »

Direct Tax collection up to Nov. 2018 stands at Rs 6.75 lakh cr

Direct Tax collection up to Nov. 2018 stands at Rs 6.75 lakh cr

Speed Post News Network New Delhi : The provisional figures of Direct Tax Collections up to November, 2018, show that gross collections are at Rs 6.75 lakh crore, 15.7% higher than the gross collections for More »

India beat Australia by 31 runs in Adelaide test

India beat Australia by 31 runs in Adelaide test

Speed Post News Network Patna : India beat Australia by 31 runs in a thriller in the first test at Adelaide Oval, Adelaide, Australia, on December 10, 2018, to go 1-0 up More »

Muz. police tightening noose on shooter Sujit Kumar in ex-Mayor Samir Kr murder case

Muz. police tightening noose on shooter Sujit Kumar in ex-Mayor Samir Kr murder case

Dr K K Kaushik Muzaffarpur : Tightening the noose on sharp-shooter Sujit Kumar, who had allegedly shot dead former Mayor of Muzaffarpur Samir Kumar, 48, and his driver on September 23, 2018, More »

Khelo India Youth Games at Pune from Jan. 9, 2019

Khelo India Youth Games at Pune from Jan. 9, 2019

Speed Post News Network New Delhi : After the resounding success of the first edition of the Khelo India School Games last year, the grassroot level hunt for sportspersons from across the More »

Bangladesh beat WI by 5 wickets in 1st ODI at Dhaka

Bangladesh beat WI by 5 wickets in 1st ODI at Dhaka

Speed Post News Network Patna : Bangladesh beat West Indies (WI) by 5 wickets in the 1st ODI at Shere Bangla National Stadium, Dhaka, on December 9, 2018, riding on an unbeaten More »

 

Spl. Category Status to states not part of TOR of FC : Singh

Speed Post News Network

New Delhi : Grant of ‘Special Category Status’ to states is out of purview of the Ṭerms of Reference of Finance Commission, said Chairman, Finance Commission, N KSingh at a press conference at Amaravati on October 11, 2018, after concluding a meeting with the state govt. led by Andhra Pradesh Chief Minister N Chandra Babu Naidu and his cabinet colleagues. Responding to the questions from the media, Singh stated that the issue was forcefully raised by the Chief Minister but it would be a transgression of the Presidential Notification by the Commission if it considers the issue of Special Category as it does not figure in its Terms of Reference (TOR). Philosophy of Special Category Status never emanated from any Finance Commission but from the resolution of erstwhile National Development Council.

The Fifteenth Finance Commission will take a sympathetic and positive view to the needs of Andhra Pradesh to achieve its targets, he said. The Commission believes that current initiatives of the state government are credible, timely and speedy and for a prosperous India, prosperous Andhra Pradesh is must. He lauded the contribution of Andhra Pradesh to the national GDP and said that it will do everything possible in constitutional framework to realise the state’s potential. He also appreciated the efforts in harnessing the potential of water resources by interlinking the rivers which is of enormous help for agriculture development. 

On the question of populist schemes, Singh said that Commission will have to delve deeper into it. There are many schemes which have become popular with significant outcomes, and at the same time, there are many which result in sub-optimal outcomes. On the question of using population census 2011, he said that it has been mentioned in the TOR and Commission will look into the ways of incentivising the states who have done well in controlling their population, according to a PIB release.

Thr Commission appreciated the high growth rate including agricultural growth achieved by Andhra Pradesh. It exhorted the state government to adopt smart agriculture and expand the food processing sector for value addition.

Earlier, highlighting the impact of bifurcation on the newly created state of Andhra Pradesh, both Chief Minister and Finance Minister said that residuary state of Andhra Pradesh comprising 58.32% of the population inherited only 46% of the revenues of the combined state. This structural disability may continue for more than a decade. Loss of Hyderabad’s ecosystem has led to the loss of urbanisation, service sector and revenue generation capacity. This has resulted in a change in the structure of economy from service to agriculture which in turn has led to slow increase in per capita income (PCI) as compared to other southern states and the gap with respect to southern states is increasing. 

All these factors imply that there is a need of handholding for Andhra Pradesh to sustain the double digit economic growth and achieve the Vision 2029 of reaching 1 trillion dollar economy, Naidu said.

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