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Odisha On High Growth Trajectory With Political Stability And Leadership: 15th Finance Commission

09 January 2019

Mohammed Ishtiyaque

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Bhubaneswar: After holding its wide-ranging consultations and interactions with all important stakeholders yesterday including the panchayats, urban local bodies, all political parties, trade and industries, and today with the State Government, especially with the Chief Minister, 15th Finance Commission extolled Odisha for its high growth trail as well as its political stability and leadership.

Interacting with the media after its three-day stay here in the State, 15th Finance Commission Chairman N.K. Singh remarked, “Odisha has the benefit of continued political stability with an enlightened political leadership. The leadership is quite aligned to improving the growth potential."

He added, "Odisha is on a high growth trajectory given its enlightened political stability and leadership. It will be the Commission’s endeavour to try and strengthen Odisha’s efforts for long term sustain higher rate of economic growth. And a well-balanced economic growth would enable Odisha’s activities in terms of manufacturing activities and job creating opportunities. In this, your augmentation of the agriculture sector will have a very important role to play.”

He assured, “We’ll look at the proposals of Odisha in a constructive spirit and it will be the Commission’s endeavour that looking at the impact of disaster on the economy of Odisha what we can do to further strengthen Odisha’s capability for preventing and handling the consequences of disaster.”

On the other hand, he made it clear, “The issue of Special Category Status is not within the purview and the terms of reference of the Finance Commission. The only thing which the last Finance Commission did was that it said to classify States into different categories. It was the attention to examine the fiscal scenario of each individual State instead of by grouping the States into one category or the other. That’s the only thing the 14th Finance Commission did. Hence, we would not comment on the issue.”

“Odisha is the 16th State that the Commission has so far visited. We have still a long way to go. We will be obliged to submit our report towards the end of this year enabling it to be fully effective in the Budget of 2020. Thereafter, the recommendations will be implemented over the next five years from 2020 to 2025,” the Chairman informed.

Also Read: 15th Finance Commission: Odisha CM Submits Memo, Reiterates Special Category Demand

Also Read: Puri Srimandir Reforms: Supreme Court Appoints Senior Advocate Ranjit Kumar As Amicus Curiae

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N.K. Singh, Chairman, 15th Finance Commission