FM Sitharaman Announces Higher Devolution of Funds to States Under 15th Finance Commission
2024-12-20
Business Line
Finance Minister Nirmala Sitharaman revealed that states will receive a higher devolution of funds under the 15th Finance Commission, aiming to boost economic growth and development. During the pre-budget consultation, she discussed key aspects such as increased funds allocation to states, special assistance schemes, and disaster relief measures to support their financial needs. This move is expected to have a positive impact on the economy, with a focus on fiscal federalism and cooperative governance. The increased funding will enable states to implement various development projects and programs, driving growth and prosperity. Key areas of focus include infrastructure development, social welfare, and disaster management.
