Quick Summary
Union Finance Minister Nirmala Sitharaman Responds to Kerala Governments Allegations, Highlights Fund Release Details Introduction Union Finance Minister Nirmala Sitharaman has addressed the allegations made by Keralas Left government regarding fund allocations. She dismissed claims of negligence by asserting that the Central government promptly releases funds to the state without delay. The Finance Minister accused the Kerala government of not meeting necessary criteria, leading to delays
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FAQ :
Nirmala Sitharaman has dismissed Kerala's claims of fund allocation negligence, stating that the Central government releases funds promptly. She attributes delays to the Kerala government's failure to meet necessary criteria and comply with guidelines.
Sitharaman highlighted that Kerala has received the highest amount of Finance Commission Grants under Prime Minister Narendra Modi's leadership from 2009-10 to 2023-24, and these funds are disbursed in a timely manner.
Funds for the 7th UGC pay revision could not be released because the Kerala government did not fulfil the requisite conditions and comply with the Ministry of Education's guidelines.
Sitharaman questioned the Kerala government's request to delay the release of GST compensation cess until revenue numbers are re-worked with their Accountant General, emphasising the need for accurate figures.
Since the onset of COVID-19, the Central government has provided states with 50-year interest-free loans as Special Assistance for Capital Investment.
For health grants to be released, the Kerala government needs to fulfil stipulated conditions and recommendations from the Ministry of Health and Family Welfare and the 15th Finance Commission.
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