Diabytes
Centrally Sponsored Schemes News
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New Delhi: Chief Economic Adviser Arvind Subramanian today expressed hope that states will show "prudence" and contain their fiscal deficit at 3 percent of the GSDP.
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The number of centrally sponsored schemes (CSS) is likely to be reduced to 30 from 72 with a Chief Ministers' Sub-Group of NITI Aayog reaching a broad consensus on the issue.
The 'NITI Aayog Committee' on funding pattern of central schemes will submit its report within a month, Union Rural Development and Panchayati Raj Minister Chaudhary Birender Singh said Wednesday.
The panel of chief ministers working on rationalisation of Centrally Sponsored Schemes is unanimous on reducing them and will finalise recommendations on it in the next meeting to be held on May 28 at Bhopal.
NITI Aayog will set up a working group to prepare a draft report on how to make implementation of Centrally Sponsored Schemes (CSS) more effective by taking into account suggestions made at the first meeting of the sub-group of Chief Ministers here on Friday.
A sub-group of the NITI Aayog comprising chief ministers of some states will meet here for the first time on Friday to suggest measures for coordination between Union and states for effective implementation of Centrally Sponsored Schemes (CSS).
A sub-group of the NITI Aayog comprising chief ministers of some states will meet here for the first time on Friday to suggest measures for coordination between Union and states for effective implementation of Centrally Sponsored Schemes (CSS).
The first meeting of NITI Aayog's sub-group on Centrally Sponsored Schemes, scheduled for March 27, is likely to be pushed to next month as some Chief Ministers have expressed inability to attend it.
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The total devolution to the states in 2015-16 will be Rs 5.26 lakh crore, as against Rs 3.48 lakh crore in 2014-15, representing an increase of Rs 1.78 lakh crore.
The state finance ministers suggested that the borrowing limits under the FRBM Act should be raised so that could raise money money to finance infrastructure.
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