Finance Minister Nirmala Sitharaman on Saturday dropped a hint that Centre is considering restoring State status to Jammu and Kashmir, reported ANI.
During the event of Centre-State relations — Cooperative Federalism: The Path Towards Atma Nirbhar Bharat, the Finance Minister said, “Prime Minister (Narendra) Modi fully accepted the Finance Commission (report) and that is why today States get 42 per cent of the amount (tax collected) — now reduced by 41 per cent because J&K is no longer a State. It will soon become... may be some time.”
She was saying this while talking about the distribution of funds to the states by the Centre as per the recommendations of the 14th Finance Commission.
The Finance Minister said, "I am serving them transparently without corruption. That doesn't differentiate between states and the states ruled by the BJP or any other parties. All the people should have trust in the government, by the power in them and the power in us, that's the line that the Prime Minister always promotes and therefore in this time, when we are discussing cooperative federalism."