Business Daily from THE HINDU group of publications
Saturday, Jul 11, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, Jul 11, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Industry & Economy
-
Economy Government - States States - Karnataka Sharp rise in direct transfer of Central funds to districts Our Bureau Bangalore, July 10 Over the years, direct transfers from the Centre to district level bodies have risen sharply as a percentage of other transfers to the States through taxes, grants and the National Small Savings Fund (NSSF). As against 17 per cent in 2006-07 (Rs 45,166 crore) and 19 per cent (Rs 51,260 crore) in 2007-08, direct transfers to districts have risen sharply to 29 per cent in 2008-09 (Rs 87,054 crore). These are expected to stay at 29 per cent of other transfers in 2009-10 (Rs 95,567 crore). A similar trend was in evidence in 2000-01, when transfers to districts touched 29 per cent of the transfers through taxes, NSSF and grants, or Rs 37,969 crore. Meanwhile, resources transferred to States through taxes, NSSF and grants increased at an average annual rate of about 11 per cent between 2004-05 and 2009-10 (Budget Estimates). However, the rise between 1999-00 and 2003-04 was about 13 per cent. As a result, the resources transferred to States increased from Rs 94,792 crore in 1998-99 to Rs 182,048 crore in 2003-04, and from Rs 186,871 crore to Rs 332,112 crore between 2004-05 and 2009-10. For this year, the rise is projected at 10 per cent over 2008-09 Revised Estimates. Transfers by way of taxes and grants are meant for Central assistance to State Plans, other Central and Centrally sponsored schemes and non-Plan purposes. While transfers through taxes are expected to fall by over Rs 14,000 crore over 2008-09 (BE), grants are expected to rise by more than Rs 17,000 crore over the Revised Estimates for last year. However, this increase pales into insignificance compared to the 61 per cent rise in direct transfers over 2008-09 Budget Estimates, from Rs 59,272 crore to Rs 95,567 crore. More Stories on : Economy | States | Karnataka
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2009, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|