CM pitches for change in Finance Commission's functioning

Telangana Chief Minister K Chandrasekhar Rao Saturday favoured a change in the way the Finance Commission functioned and devolution of funds to states is decided in view of the diversity in requirements of states.

Rao held a review meeting with senior officials ahead of a possible visit of the 15th Finance Commission to the state shortly, an official release said.

"The Finance Commission visits states with pre-occupied notions. They come with pre-occupied ideas like ToR (Terms of Reference) which in fact should be done after they complete their visit, discuss with state governments and take their views.

Its better if the Finance Commission becomes a policy formulating body. Devolution is the right of the states. Lot of diversity is there with reference to states requirements," the release quoted him as saying.

Rao asked the finance department officers to prepare a memorandum highlighting the States requirements and the report should include all that it state needs, the .