Madhya Pradesh Government Presents Financial Needs to 16th Finance Commission
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Synopsis
On March 6, the Madhya Pradesh government, led by Chief Minister Mohan Yadav, outlined its financial needs to the 16th Finance Commission in Bhopal. The aims include enhancing economic growth in the next five years and advocating for increased revenue sharing from the Centre.
Key Takeaways
- The Madhya Pradesh government is led by Chief Minister Mohan Yadav.
- The meeting took place in Bhopal with the 16th Finance Commission.
- The government emphasized its financial needs for the next five years.
- It seeks to enhance revenue sharing from the Centre.
- SC/ST population growth considerations were highlighted.
Bhopal, March 6 (NationPress) The Madhya Pradesh government, under the leadership of Chief Minister Mohan Yadav, presented its financial requirements to the 16th Finance Commission during a meeting in Bhopal on Thursday, aimed at facilitating the state's economic development over the next five years.
The Commission, chaired by Arvind Pangariya and comprising four additional members, is currently visiting Madhya Pradesh to evaluate the financial support from the Centre through the tax devolution framework.
In a session held at the Kushabhau Thakare convention center in Bhopal, the state government showcased its financial status, emphasizing the growth trajectory from 2005 to 2025.
The government advocated for its requests to the Commission, positioning Madhya Pradesh as a state poised for industrial advancement by 2023-31, alongside demanding an increase in revenue sharing from Centre grants.
Additionally, the state administration asserted that the SC/ST population and their growth metrics should be factored into tax devolution considerations for the state.
Chief Minister Mohan Yadav stated, "In-depth discussions were conducted with the 16th Finance Commission during our meeting in Bhopal. The MP government underscored its achievements and future economic aspirations for the coming five years. We have also articulated our financial demands to the Commission."
In a subsequent press conference, Pangariya remarked that the Madhya Pradesh government delivered a compelling presentation to support its requests during the meeting, which the Commission has duly acknowledged.
He added, "The Commission is mandated to consult with state representatives to evaluate financial needs and make recommendations to the Centre regarding tax devolution; however, no decisions have been finalized yet. The demands of the MP government will be forwarded to the Centre."
Moreover, he noted that the 16th Finance Commission has already visited 28 states, including Madhya Pradesh, with three to four more states remaining on its itinerary.
