Top Modi Official Blows Whistle On Government Finances https://www.youtube.com/watch?v=HWzqra3KQbs the reporters' collective Jan 18, 2024
Niti Aayog CEO BVR Subrahmanyam reveals Modi held backdoor negotiations with the Finance Commission to cut tax funds allocated to states, and says gov't finances are so shady, they could be hit by a 'Hindenburg'.
Read the entire report https://assets-global.website-files.com/600865f0dc1db856edc28cd0/65a929d8239db578e685ee94_CSEP%20Transcript.pdf. Or watch https://www.youtube.com/live/B3unBGDHoPE?feature=share
As PM, India’s Modi secretly tried to massively cut state funds https://www.aljazeera.com/economy/2024/1/18/as-pm-indias-modi-secretly-tried-to-massively-cut-state-funds The Finance Commission’s firm stance forced the Modi government to hastily redo its maiden full budget in 48 hours and slash funding across welfare programmes since its assumption of retaining a greater portion of the central taxes did not pan out. At the same time, Modi falsely claimed in Parliament that he welcomed the Finance Commission’s recommendations on the tax portions to be allocated to the states.
Comments: @in-human1698 In the audio recording, BVR Subramanian never says Modi wanted to reduce the state's share. He says there was a discussion about whether to accept at 42%, or keep at 32% or some number in between. The fact that the Union Government accepted the Finance Commission's recommendation of raising the share from 32% to 42% even though the Finance Ministry was against it (acc to BVR) only shows that Modi played a role in raising the state's share from 32% to 42%. Don't forget, the fact remains that the Modi Government raised the state's share from 32% to 42%. And obviously, to cover that loss, Central Govt has to cut down its budget from other schemes. JAIL these Reporter Spreading Misinformation.
@selvarajuthangavelu887 Even this 10% increase to States was nearly set off by reducing the no. of centrally sponsored schemes and reducing the central share in css
@ravips698 How does this change the life of an ordinary citizen? As long as the public money is not being swindled it must be used for betterment of country.atleast am happy about that. What is important is central government releases funds to states in a timely manner and sets up enough checks and balances to ensure no corruption.aljazeera is an infamous news channel which seems to be paid to launch this news at "right time" else why 2014 news is being published in 2024?
@sudhirnegi6008 Some journalists only highlight the negatives. GST is a boon for transparency and business. Ask any accountant his troubles with vat regime if he had inter state operations. Secondly all Govts fudge their budgets to balance it, not this Govt alone. Expenditures are pushed to subsequent years. Loans are taken by Govt subsidiaries not a part of budget thus containing deficit. This should be acknowledged by the anchor. Pinning this on only one Govt is bias. Secondly look at the infrastructure spending by this Govt which will be a boost to the businesses. This is money well spent. Would states have done the same?