A delegation led by Dy. Chief Minister and Finance Minister of Tamil Nadu Shri O. Pannerselvam met the 15th Finance Commission today. The delegation submitted a memorandum to the Commission and put forward their view points regarding the Terms of Reference (TOR) of the Commission.

Balance the need for fiscal transfers to less developed states with the growing aspirations of better performing states: Pannerselvam

Over 40 members delegation of Members of Parliament from AIADMK including Shri M. Thambi Durai, Dy. Speaker of the Lok Sabha put forward the efforts made and resources mobilized by Tamil Nadu towards the upliftmentof the people in the state, in a meeting which went around 35 minutes. They urged the Commission to balance the need for fiscal transfers to less developed states while simultaneously meeting the growing aspirations and expectations of the people of the better performing states.

A progressive state like Tamil Nadu which has contributed greatly to India’s prosperity would certainly receive the Commission’s careful consideration: N. K. Singh

Chairman Shri N. K. Singh welcomed the delegation and appreciated them. He assured them that the fiscal needs of each state will be individually assessed and their special characteristics will be kept in view. A progressive state like Tamil Nadu which has contributed greatly to India’s prosperity would certainly receive the Commission’s careful consideration. Commission’s visit for the state of Tamil Nadu was finalized for end of September.

Fiscal transfers must balance support for less developed states with aspirations of better performing states, per finance commission dialogue. A Tamil Nadu delegation submitted a memorandum asking the Finance Commission to balance support for less developed states with the aspirations of better performing states; the Commission stated that the fiscal needs of each state will be assessed individually with regard to their special characteristics and announced a state visit for further consultation.