Fiscal needs of each state will be individually assessed: 15th Finance Commission

15th Finance Commission Chairman, N K Singh has said the fiscal needs of each state will be individually assessed keeping in view their special characteristics. 

A delegation led by Deputy Chief Minister of Tamil Nadu, O Panneerselvam yesterday met him in New Delhi and submitted a memorandum putting forward its viewpoints regarding the Terms of Reference of the Commission. 

During the meeting, the Chairman said, a progressive state like Tamil Nadu which has contributed greatly to India’s prosperity will certainly receive the Commission’s careful



consideration. 

The Commission’s visit to Tamil Nadu was finalized for the end of September.

On the occasion, Mr. Panneerselvam urged for balancing the need for fiscal transfers to less developed states with the growing aspirations of better performing states. 

Over 40 member delegation of MPs from AIADMK put forward the efforts made and resources mobilized by Tamil Nadu towards the upliftment of the people in the state. 

The Finance Commission recommends devolution of taxes among states.