Finance Commission would listen to views of all: Panagariya
Finance Commission is open to listening to the views of all states and consider all possibilities, including their grievance on facing a cut in central allocations despite better performance on the economy front, the Commission's Chairman Arvind Panagariya said on Tuesday.
Panagariya, who is on a visit to Telangana along with the other members of the Commission as part of the panel's state visits, said it was expected that better-performing states would generally say that (they faced a reduction in central allocations).
«That (states which made progress saying their allocations declined) is to be expected. At least so far, what we have seen, in two of the states, Karnataka and Telangana, we have heard that,» the economist told reporters here.
Asked for his response to the issue, he said, «The Commission is open to listening to everything. The Commission will think about all possibilities. What we will do in the end, I can't tell, because I don't know».
The Commission had separate meetings with the Telangana government led by Chief Minister A Revanth Reddy, representatives of political parties and local bodies here during its state visit since Monday. Panagariya said there was a lot of emphasis on taking into account Telangana's contribution to the national GDP and to give an important place to the state's GSDP in deciding upon the horizontal division of the funds among the 28 states of the country.
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