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Union Minister V Muraleedharan on Thursday launched a two-for-one attack on the ruling Left Front in Kerala and the Congress, accusing the former of mishandling the state economy and the latter of having lost the peoples' trust.
Successive central governments have accepted what the Finance Commission has recommended in the past, including the rise in states’ share from the divisible pool. States should now prioritise tax reforms and bolster fiscal capacity to reduce reliance on transfers.
Whatever be the compulsions, such a polarising comment from an MP belonging to a national party is condemnable and sets a bad precedent.
The lower share of devolution in the kitty of the less populous and fiscally stronger southern states is one of the key reasons behind the north, south dispute over central funds.
India News: Discover the adverse observations on Kerala's financial health and debt situation as highlighted by the Attorney General in a note submitted to the Supreme Court. Explore the impact of Kerala's fiscal edifice on the country's credit rating and financial stability.