BJP’s allegation against Raghuram Rajan is ‘unfounded’, ‘misleading’: Siddaramaiah

Bengaluru: Karnataka Chief Minister Siddaramaiah on Monday said BJP’s allegation that the committee headed by former RBI Governor Raghuram Rajan has influenced the reduction in Karnataka’s tax share is ‘unfounded’ and ‘misleading’.

“The narrative suggesting that the committee headed by Raghuram Rajan recommended a reduction in Karnataka’s share of tax revenue is not only inaccurate but also a misinterpretation of the committee’s role,” the Chief Minister said.

He said that it is unfortunate how people in responsible positions peddle fake narratives to push their agenda.

“It is important to set the record straight with facts and evidence. It is in the DNA of BJP to spread fake news,” the Chief Minister said.

He said that it is crucial to understand the mandate of the Committee for Evolving a Composite Development Index of States, headed by Raghuram Rajan.

“Contrary to the claims made, the committee’s primary objective was not to recommend changes in the states’ share of tax revenue,” the Chief Minister said.

He said that the committee’s purpose is to identify backward states based on various criteria, thereby helping in the equitable allocation of development funds to address regional disparities.

“The committee’s focus is to ensure a balanced distribution of certain development funds to enhance the overall growth and progress of all states, particularly those lagging in specific development parameters,” he said.

He said that the recommendations made by the committee were explicitly intended to guide the allocation of certain development funds from the Centre to the states.

“These recommendations were not meant to replace existing methodologies for devolution of taxes allocation,” the Chief Minister said.

He said that the committee’s report clearly states that its framework should be used alongside other existing methodologies, including that of Finance Commission’s recommendations for share of tax devolution, for a holistic and fair allocation of resources.

“It is also important to note that the Finance Commission, which is constitutionally mandated to determine the distribution of tax revenues between the Centre and the states, operates independently of the committee mentioned above,” the Chief Minister said.

He said that subsequently 14th Finance Commission report (submitted on 15 December, 2014), which came after the committee’s recommendations (submitted in September 2013), proposed an increase in the devolution of taxes to Karnataka, from 4.328 per cent in the 13th Finance Commission to 4.713 per cent in the 14th Finance Commission.

“This increase clearly contradicts the allegations that the committee’s report led to a reduction in Karnataka’s tax share,” the Chief Minister said.

He said that Karnataka’s tax share was actually reduced by the 15th Finance Commission which was constituted by the Narendra Modi government and whose report was submitted in November 2019.

“Was the 15th Finance Commission constituted in 2019 by PM Narendra Modi influenced by some committee which gave a report in September 2013?” the Chief Minister asked.

IANS

End injustice done to India’s youth by implementation of Agnipath scheme: Kharge writes to President Murmu

New Delhi: Congress President and Leader of Opposition (LoP) in Rajya Sabha, Mallikarjun Kharge on Monday wrote to President Droupadi Murmu highlighting the alleged "injustice" done to India's youth due...

Raja Bhaiya announces support to BJP in RS polls

Lucknow: Former minister and president of Jansatta Dal, Raghuraj Pratap Singh a.k.a. Raja Bhaiya has finally announced support to the BJP in the Rajya Sabha biennial elections, polling for which...

Cong MP from Jharkhand’s Singhbhum seat, Geeta Koda joins BJP

New Delhi: In yet another setback to the Congress which has been reeling under a series of defections by its MPs and MLAs ahead of the forthcoming Lok Sabha polls,...

J&K: Sajad Lone to contest from Baramulla LS seat

Srinagar: Jammu and Kashmir Peoples Conference (JKPC) has nominated Party President Sajad Lone as its candidate for the Baramulla parliamentary seat. Party General Secretary Imran Raza Ansari said that after...

‘Intimidating officials’: AP govt urges SC to cancel Chandrababu Naidu’s bail

New Delhi: Saying that TDP supremo Chandrababu Naidu and his family members are intimidating public officials probing the alleged Skill Development Corporation scam case, the Andhra Pradesh government on Monday...

Tripura tribal party to blockade state’s lifeline on Feb 28 over ‘Greater Tipraland’ demand

Agartala: Tripura's main opposition party, the Tipra Motha Party (TMP), will block the National Highway 8, the state's lifeline, on February 28 in protest against the Central government's "procrastination" in...

Will BJP be able to replicate the Nandigram model in Sandeshkhali?

Kolkata: As Sandeshkhali, a conglomerate of islands in North 24 Parganas district of West Bengal, continues to boil over agitation of local women against the sexual harassment of local Trinamool...

Four MLAs from Congress, NPP join ruling BJP in Arunachal Pradesh

Itanagar: Just ahead of assembly polls, four sitting MLAs – two from the opposition Congress and two from National People's Party (NPP) – on Sunday joined the ruling BJP in...

Akhilesh joins Rahul’s Bharat Jodo Nyay Yatra in Agra

Agra (UP): In a display of unity among INDIA members, Samajwadi Party President Akhilesh Yadav, on Sunday, joined the Bharat Jodo Nyay Yatra led by Rahul Gandhi in Agra. The...

RLD MLAs to vote for BJP in RS polls, attend CM Yogi’s meeting on Monday

Lucknow: Even before a formal announcement of the BJP-Rashtriya Lok Dal pact is made, the RLD has said that all its nine MLAs in Uttar Pradesh will not only vote...

‘Not farmers but Khalistanis’: K’taka BJP MP on farmers’ protest

Bengaluru: BJP MP from Uttara Kannada Lok Sabha constituency, Anantkumar Hegde, said on Saturday that those who are taking part in protests in New Delhi are not farmers but are...

Ahmed Patel’s son Faisal miffed with Congress over Bharuch LS seat going in AAP’s kitty

Surat: The Congress party in Surat is facing intense internal conflict after Congress-AAP alliance allotted Bharuch Lok Sabha seat to AAP. Bharuch Lok Sabha constituency is closely associated with Faisal...

Read Previous

Ryan Reynolds makes splashing entry into MCU with ‘Deadpool and Wolverine’ teaser

Read Next

JD(U) claims Oppn tried to buy its MLAs

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By : XYZScripts.com