chennai sources stated that tamilnadu governor banwarilal purohit on monday said there has been a diminution in the overall flow of central funds to the state. Purohit said in the Governor's customary New Year address to the assembly "Contrary to the impression that the 14th Finance Commission's recommendations increased the gross flow of resources from the Centre to the States, in reality, there has been a reduction in the gross transfers from the Centre to States".
He added "Tamilnadu has faced a more severe adverse impact due to the horizontal distribution formula of the 14th Finance Commission". Moreover the governor said the state is eagerly awaiting the recommendations of the 15th Finance Commission and hopes for a fair and equitable distribution of resources, rewarding efficiency and performance. Also Purohit said the state this year has so far received Rs 7,096 crore as Goods and services Tax (GST) compensation, as well as central government grants of Rs 17,957.31 crore.
Moreover according to him, here are some outstanding issues relating to release of dues to the state by the Central government. Also Purohit urged the central government to upgrade the Gandhigram Rural Institute near madurai as a Centre of Eminence for Rural Development and Gandhian Philosophy.
