The 14th Finance Commission Report was Presented to the parliament today by the Finance Minister, Arun Jaitley and the Prime Minister Narendra Modi acceptedto take after the report. The report favored Andhra Pradesh a bit and prescribed it to be given 2.42 Lakh Crore in the following five years,
The Planning Commission has given 13000 Crore to AP till the last financial. The fourteenth Finance Commission asked the Government to give AP 30000 Crore as stores and allows consistently for the following 5 years. This will imply that the state ought to be getting One Lakh Fifty Thousands Crores from the core in the Next five years.
The Finance Commission had taken into the delayed consequences of state bifurcation into record while making these suggestions. It likewise propose to give 80000 Crore for the capital development in the following four years and 5000 Crore not long from now which makes the aggregate of 85000 Crore for the capital development alone.
The commission likewise urged the core to give an one time honor of 7000 Crore to the state to engaging bifurcation woes. So the aggregate Center’s help prescribed is to the tune of 2.42 Lakh Crore. We will have to see how much the center allots out of these recommendations provided they accepted the report.