01-01-1970 12:00 AM | Source: IANS
States seek greater fund allocation during pre-budget consultation
State finance ministers on Friday reiterated their greater fund allocation demand during the pre-budget consultations with Union Finance Minister Nirmala Sitharaman.
They also sought greater authority in implementation of central government schemes.
In addition to this, some states also sought greater royalty on minerals, sources aware of the developments said.
Tamil Nadu Finance Minister P. Thiaga Rajan later said after the meeting that all states, cutting across party lines, were unanimous that centrally sponsored schemes are putting pressure on their fiscal autonomy, as in some of them states were contributing larger amounts.
The Union Finance Minister is likely to present the Union Budget on February 1, 2023.
Latest News
Groww launches India`s first Nifty Non-Cyclical Cons...
Federal Bank climbs on reporting rise in Q4 consolid...
Eicher Motors inches up after its motorcycle divisio...
Mahindra Auto sells 41,008 SUVs in India in April, r...
DigiCert and Deutsche Telekom Forge Strategic Partne...
Krafton India expands first cohort of gaming incubat...
Reaction Quote On US Fed Reserve announcement (FOMC)...
PSU stocks among top gainers in trade
Microsoft to invest $2.2 bn to fuel Malaysia's cloud...
India's government bond outflows in April an aberrat...