Wednesday, 25 June 2014

14th Finance Commission Assured special Package to Arunachal Pradesh

Aadil Mir, ITANAGAR, Jun 24: In a significant development during high level meeting the chairman of 14th financial commission Dr Y V Readdy has assured a special package to government of Arunachal Pradesh for its fiscal challenges, he also assured that all the issues raised by the State government would get “due attention” in the deliberation of the Commission, which will finalize its recommendations by October next after completing its discussions with all the state governments, GoI and relevant stakeholders.
While addressing high level meeting of the 14th FC with the State government at Banquet Hall Dr Reddy applauded the ‘Vision 2020’ as envisaged by the government of Arunachal Pradesh focusing on key areas like education, power, tourism, agriculture and related sectors.
While observing the huge responsibilities shouldered by the State government in terms of being main employer due to lack of other economic activities in the state, its border status affecting access to external funding, short working season affecting the progress of development projects, scattered population and cost of conservation of forest resources, sizable forest coverage and its contribution to the country and the loss of revenue due to Apex Court of India ban on timber operation, connectivity and other issues, Reddy said, “Despite all these challenges the progress is being sustained.” Further, he said that the Commission has also viewed the GoAP request for significant increase in grant devolution and state specific needs.
Meanwhile Chief Minister Nabam Tuki projecting a total demand of Rs 85001.16 crore as grant in a memorandum pleaded the Commission for “special” recommendation for a fiscal stimulus package for the state in helping it tide over the fiscal challenges because of the gap in the Non-Plan Revenue Deficit Grant recommended by the 13th Finance Commission and the actual expenditure, which is an inheritance from the Union Territory days.

As a major chunk of non-plan expenditure is on salary and wages, Tuki apprised that the implementation of the 6th Central Pay Commission Package to the State govt employees along with arrears, enhanced DA installments, up gradation of all Group-D employees to Group–C and MACP Scheme for all employees contributed to the enhanced salary bill. The total gap on account of NPRE was higher than that the 13th FC estimate by Rs 6799 crore, he said.
Seeking continued support of the 14th Finance Commission for accelerating the pace of development in the hilly state, the Chief Minister informed that as per the CAG Report on State and Union Finances for 2011-12, the state’s per capita expenditure on social services, health, education, agriculture, transport and rural development has been rated as one of the highest in the country.


Tuki also informed that intensive efforts are being made in various areas for improving the fiscal position of the state through fiscal discipline measures, steps to increase the tax and non-tax revenue of the State, institutional reforms saying “the tax revenue grew from Rs 98 crore in 2007-08 to Rs 442 crore in 2013-14, registering a growth of 220%.”
Pointing at the ecological service provided by the State with 82% forest cover, as a major carbon sink and helping mitigate global warming, he sought “rewarding and compensating” steps by providing a “special” fund for the loss suffered due to conservation.
Apprising that hydro-power potential of the state can meet upto 40% of the nation’s energy demand, Tuki informed that one of the major constraints in this sector is the inability of the state to contribute equity in the projects where the state share ranges from 11% to 26%, while projecting the overall equity requirement at Rs13,000 crore. He added that hydro power sector is a revenue generating sector which can make the state “financially self-sufficient”.
Chief Secretary Ramesh Negi said that AP has been a late starter in developmental process and its geographical bottlenecks has stalled development initiatives. Infrastructure, connectivity, transportation and power are the thrust areas.
Source: 'Themetrolive'

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