Gross transfer of resources from the Center to the State and Union territory Government comprising shareable tax revenue, grants and loans are estimated at Rs. 595,630 crore in 2013-2014, showing the growth of 19.63 per cent, while the growth rate of that in the previous year was only 11.35 per cent. Share of Gross Resources Transfer to State & Union Territory governments in Total Expenditure is 35.77 per cent (previous year 34.80 per cent) in 2013-2014.
State's share of Taxes and Duties in Total Expenditure is estimated to increased by 18.01 per cent (Rs52,945 crore) from Rs294,047 crore in 2012-2013 to Rs346,992 crore in 2013-2014, while it was increased by 15.13 per cent in 2012-2013. Share of State's share of Taxes and Duties in Total Expenditure is 20.84 per cent (previous year 20.55 per cent) in 2013-2014.
Non-Plan grants increased by 25.69 per cent (Rs15,752 crore) from Rs61,308 crore in 2012-2013 to Rs61,308 crore in 2013-2014. The Non-Plan grants increased by 10.67 per cent (Rs5,911 crore) from Rs55,397 crore in 2011-2012 to Rs61,308 crore in 2012-2013.
Central Assistance for State and UT Plans increased by 22.09 per cent (Rs23,126 crore) from Rs104,676 crore in 2012-2013 to Rs127,802 crore in 2013-2014, while the increasing rate in 2012-2013 was 5.51 per cent. Share of Central Assistance for State and UT plans in Total expenditure is 7.67 per cent in year 2013-2014 and 7.32 percent in 2012-2013.
Assistance for Central & Centrally Sponsored Schemes (ACCSS) is higher by 15.60 percent (previous year 2.00 per cent). Share of ACCSS in Total Expenditure is 2.63 percent (previous year 2.65 per cent)
(VIPIN MAlIK is a practisingChartered Accountant
Former Central Board Member of Reserve Bank of India and Bharatiya Reserve Bank of Note Mudran Pvt. ltd. (BRBNMPl), Banks and Financial Institutions. (vma@infomerics.com)