Rejecting criticism that West Bengal has not gained from the 14th Finance Commission, Finance Minister Arun Jaitley on Saturday said the state will get Rs 2,85,200 crore during 2015-20, which is nearly three times the amount it received in the previous five years of UPA-2 regime.
Majority of states would stand to gain due to implementation of the 14th Finance Commission recommendations which has suggested 10 percent hike in devolution of funds to them, Finance Minister Arun Jaitley said Monday.
Refuting allegations that Odisha would lose revenue following the recommendations of the 14th Finance Commission, union Petroleum Minister Dharmendra Pradhan said on Sunday that it would get about Rs.8,000 crore more funds per annum compared to the 13th commission allocations.
Congress leader Capt Amarinder Singh on Sunday blamed Chief Minister Parkash Singh Badal for the Finance Commission's refusal to provide debt relief to Punjab despite the state having been identified as debt-stressed by the commission along with Kerala and West Bengal.
Describing recommendations of the 14th Finance Commission as "regressive" for resource-hit states like Bihar, Chief Minister Nitish Kumar on Friday send a protest letter and sought special arrangements for the state against the expected loss.
In a significant recommendation, the 14th Finance Commission has called for reforms in property tax regime by giving powers to panchyats and municipalities to levy the tax on plinth basis with a provision for periodic revision and minimising grant of exemptions.
Among 11 revenue-deficit states, Jammu and Kashmir will get the maximum grant of about Rs 60,000 crore in five-year period ending March 2020, as per the recommendations of 14th Finance Commission which have been "in-principle" accepted by the government.
The 14th Finance Commission, which began its two-day visit to Gujarat on Monday, received memorandums from ruling BJP and opposition Congress seeking more funds from central revenue pool for the state.