Kejriwal Demands More Funds For Delhi Under The ‘Jammu & Kashmir Model’ business-standard.com
Delhi Chief Minister Arvind Kejriwal has said that the national capital should be included in the 15th Finance Commission, on the lines of Jammu and Kashmir, so that it might get a higher share of central taxes.
The Finance Commission, established under Article 280 of the Constitution of India, provides for the distribution of net tax proceeds from the Centre to states and also determines the principles governing grants-in-aid of revenue of state from the Consolidated Fund of India. However, the Commission does not consider Union Territories as states or determine any principles for grant-in-aid.
Owing to its status as a UT, Delhi gets a fixed sum of funds from the Union home ministry. In an interview with The Economic Times, Kejriwal said this sum was far less than what Delhi contributed as income tax.
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