https://www.taxtmi.com/news?id=21994 The Fifteenth Finance Commission's meeting with Sikkim assessed the State's fiscal profile-high per capita income, low BPL, strong secondary sector share from hydropower and pharmaceuticals-alongside troubling features: high unemployment, low own tax revenues, reliance on Central transfers, falling non tax receipts, off budget borrowings, non performing PSUs, and power sector inefficiencies. The Commission noted the State FRBM framework and generally contained deficits, urged exploitation of hydropower and tourism potential, recommended corporatisation and unbundling of the power department, and recorded Sikkim's requests for compensatory treatment for organic farming, enhanced devolution, multi year and one time grants for local bodies and disaster management, and state specific grants. en-us Tue, 24 Sep 2019 15:11:51 +0530 Tue, 24 Sep 2019 15:11:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21994 The Fifteenth Finance Commission's meeting with Sikkim assessed the State's fiscal profile-high per capita income, low BPL, strong secondary sector share from hydropower and pharmaceuticals-alongside troubling features: high unemployment, low own tax revenues, reliance on Central transfers, falling non tax receipts, off budget borrowings, non performing PSUs, and power sector inefficiencies. The Commission noted the State FRBM framework and generally contained deficits, urged exploitation of hydropower and tourism potential, recommended corporatisation and unbundling of the power department, and recorded Sikkim's requests for compensatory treatment for organic farming, enhanced devolution, multi year and one time grants for local bodies and disaster management, and state specific grants. News - Tue, 24 Sep 2019 15:11:51 +0530 https://www.taxtmi.com/news?id=21994