15th Finance Commission rules out injustice to any state in allocation of divisible pool of central revenues

The 15th Finance Commission has ruled out injustice to any state in the allocation of divisible pool of central revenues. It asserted that the north-south debate being sought to be raised in the matter is unfounded. The Commission’s stand in this regard was stated at a meeting of its Chairman and Members with the Vice President M.Venkaiah Naidu in New Delhi yesterday.

During the



meeting, Mr Naidu brought to their notice about reports of reservations of some states on some aspects of the terms of reference of the commission and some even suggesting a North-South perspective. 

Sources said, terms of reference of the Commission, their implications and broad approach likely to be followed by it, were discussed at length during the meeting.