The Centre has accepted the recommendations made by 14th Finance Commission. Informing about this, Chief Minister Raghubar Das on Tuesday said that the share of Jharkhand in the pool would go up from current 32 per cent to 42 per cent.
“It is a historic occasion for the State and I am happy to inform you all that in the leadership of Prime Minister Narendra Modi, the Government of India has accepted the recommendations of the 14th Finance Commission.
The Centre has been transferring 32 per cent of the as State share from the pool which has been raised to 42 per cent. The hike of this kind has not been done before,” said the CM. aHe said that more revenue would help in building more infrastructure and system besides strengthening federal structure of the nation.
The CM at the same time also expressed hope that the State would be getting additional Rs7000 to 8000 crore of revenue annually with the revision done and it would help Jharkhand in building its own capacity for developmental purposes.
“The issue has been contentious in Centre-State relation. But now with the revision done, greater level of confidence would be build between the two. We all can prepare a national agenda together in the leadership of the PM,” said Das.