November 23, 2024 09:45 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma
Odisha faces loss of Rs 1776 crore in central revenue: Naveen Patnaik

Odisha faces loss of Rs 1776 crore in central revenue: Naveen Patnaik

| | 10 Jan 2016, 03:13 pm
Bhubaneshwar, Jan 10 (IBNS): Asking the Niti Aayog to declare Odisha as a special category state through a special dispensation, Chief Minister Naveen Patnaik has stated that the state would face a net loss of Rs 1776 crore in Central fund flow in 2015-16 despite increase in tax devolution.
"Though there has been increase in devolution of central taxes from 32% to 42% for Odisha, there will be a net loss in central fund flow to the tune of Rs 1776.31 crore during 2015-16," Patnaik was quoted as saying when Niti Aayog Vice Chairman Arvind Panagariya met him here.
 
"This calls for formulation of a strategic plan for the entire country by the Niti Aayog and similar exercise at the state and district levels," he said.
 
He sought the support for development of the backward areas.
 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.