West Bengal to advantage hugely from Finance Commission award: Arun Jaitley

NEW DELHI: Rejecting critique that West Bengal has not gained from a 14th Finance Commission, Finance Minister Arun Jaitley currently pronounced a state will get Rs 2,85,200 crore during 2015-20, that is scarcely 3 times a volume it perceived in a prior 5 years of UPA-2 regime.

In a Facebook post, Jaitley pronounced that notwithstanding a outrageous advantage to a state underneath a 14th Finance Commission, “can it during all be pronounced that West Bengal has not gained”.

He posted a comments in response to “some friends” in West Bengal who had asked for larger executive assistance to a state.

“During 2010-15, West Bengal perceived a sum taxation devolution of Rs 1,03,539 crore. Between 2015-20, this volume will boost to Rs 2,85,200 crore,” Jaitley said.

He pronounced that to know how most West Bengal gets from a Centre, a impact of a 14th Finance Commission on a finances of state has to be understood.

In a final full year of a UPA supervision (2013-14), West Bengal perceived a sum volume of taxation devolution, Finance Commission grants and designed transfers of Rs 42,029.22 crore.

“In a initial full year of a NDA supervision — 2015-16, this volume will be lifted to Rs 63,578 crore,” a post said.

In 2014-15, a share from taxation devolution, Finance Commission grants and Plan send (CASP) was Rs 45,764 crore.

Further, Jaitley pronounced this year a Centre has some unfastened supports of Rs 20,000 crore with a NITI Aayog and Rs 15,000 crore that was referred to in a Budget speech. “West Bengal is expected to get some of this amount,” he added.

The 14th Finance Commission has endorsed a record 10 per cent boost in a states’ share in a Union taxes to 42 per cent. The recommendations have been supposed by a Centre.

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