New Delhi: While Addressing the third meeting of the Governing Council of NITI Aayog, Modi said the Goods and Service Tax (GST) shows the strength and resolution of the central Government.
As a report by DC, Prime Minister on Sunday said: “the consensus on Goods and Services Tax (GST) went down in history as an example of cooperative federalism, the landmark legislation reflects the spirit of one nation, one aspiration, one determination.”
He also thanked all the ministers, who came for the meet, irrespective of their differences in views. He claimed, “the vision of ‘New India’ can only be achieved through the collaborative work of all states.”
He further said: ” we all have gathered today in order to prepare India for the world’s changing global trend, also to discuss different opinions and to implement.”
While recalling MK Gandhi, he told that the government, private sector, and civil society should be synchronised to achieve their goals.
The Prime Minister also cited that there has been a 40 percent increase in overall fund allocation to states between 2014-15 and 2016-17, the percentage of funds tied to central schemes has fallen from 40 percent to 25 percent of the enhanced total with an increase in the untied share.
He also spoke about the plan and non-plan expenditure based on the recommendation of the Rangarajan Committee in 2011, which had found the distinction to be non-productive, Modi told, ” A lot of important items of expenditure were included as ‘non-plan’ and are neglected. Now, the emphasis would be on distinguishing between development and welfare expenditure on one hand, and administrative overheads on the other.”