Jaya tells Finance Commission not to fall into political trap

.....“The state urgently needs fiscal support at this crucial stage of development. Any tapering of transfers at this stage would adversely affect long term growth prospects,” she said at a meeting with the 14th Finance Commission headed by former RBI Governor Y V Reddy, which is on a two-day visit to Chennai. Referring to the report submitted by the Expert Committee headed by present RBI Governor Rag­huram Rajan to evolve criteria for identifying backward States and for devolution of funds from the Cen­tre to such states, CM told the Commission to “reject outright” the report..........

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