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| Regional balance: Vohra moots first step | | Finance Commission asked to prepare interim report | | Early Times Reporter
Jammu | Sep 5
When the government is being bombarded with the allegations of regional discrimination and lopsided development policy, there is a good reason to expect some rationalization of funding patterns as the Thirteenth Finance Commission is going to be fed with vital inputs on the regional and sub-regional requirements.
The State Finance Commission, constituted to recommend the development funding policy as per regional requirements, is close to its interim conclusions which are likely to be put before the Thirteenth Finance Commission, currently under preparation.
In this connection, the Jammu and Kashmir Governor NN Vohra today got a view of the recommendations in a meeting with Chairman of State Finance Commission Mehmood-ur-Rehman and its three members –Prof Nisar Ali, Swami Raj Sharma and Sonam Dawa at a meeting held in Srinagar.
The Governor observed that the recommendations on the fiscal devolution to civic bodies and other measures for strengthening the Local Self Governing bodies could go a long way in decentralization of the decision making process, a leading to qualitative improvement in governance.
Rehman apprised the Governor about the Commission's visits and interactions in each of the districts of the State except two, which the Commission proposes to visit along with other remote and backward areas across the State. He said that the Commission had also extensively studied various Public Sector Corporations across in the State. The Commission was, in particular, looking into the issues pertaining to corporate governance, with the objective of restructuring of these institutions of vital public importance.
Rehman said that the Commission was mapping the regions and sub-regions with reference to well accepted development indicators for identifying the backlog of development in backward areas and suggest strategies for short-term and long-term correction. He said that the Commission was also identifying measures to bring about a paradigm shift in the approach for inter-se allocation of resources by treating each region and sub-region within the region as a targeted economic unit.
The Chairman said that the Commission was also reviewing the state of finances and suggesting restructuring of the public finances, restoring budgetary balance, achieving macro-economic stability and debt reduction. He said that the Commission would be suggesting measures needed to augment the resources of the State Government, particularly to supplement resources of Halqa Panchayats, Municipalities and Municipal Corporations.
Among others, Principal Secretary to Governor, Mr B B Vyas and other senior officers of the Finance Department and the Commission were present on the occasion. |
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