7th February 2025: The 16th Finance Commission, led by Chairman Dr. Aravind Panagariya, held a significant meeting in Bhubaneswar on February 6, 2025, with Shri Mohan Charan Majhi, the Chief Minister of Odisha, participating in key discussions. The meeting centered on Odisha’s financial requirements and developmental priorities.
The Finance Commission reviewed the state’s fiscal management and explored reforms aimed at strengthening Odisha’s economic framework. This meeting underscores the ongoing collaboration between the Odisha government and the Finance Commission to ensure sustainable development and economic progress for the state.
Key points discussed during the meeting of the 16th Finance Commission held in Bhubaneswar include:
Hon’ble Chief Minister Shri @MohanMOdisha engages in discussion with the members of 16th Finance Commission, led by Chairman Dr Aravind Panagariya in #Bhubaneswar. #Odisha #FinanceCommission #Governance pic.twitter.com/exKM6ULShd
— CMO Odisha (@CMO_Odisha) February 6, 2025
1. Financial Allocation to Odisha: The Chief Minister emphasized the need for a fair share of financial resources for Odisha, particularly for infrastructure, welfare programs, and poverty alleviation.
2. Economic Growth and Development: The Finance Commission focused on understanding Odisha’s developmental priorities and the state’s fiscal needs to boost economic growth and regional development.
3. Fiscal Management: The state’s fiscal health was reviewed, and discussions centered around potential reforms to strengthen Odisha’s economy and improve financial management.
4. Resource Distribution: The 16th Finance Commission deliberated on the equitable distribution of financial resources between the central government and states, with special attention given to Odisha’s requirements.
5. Sustainable Growth: The importance of ensuring that Odisha’s growth is balanced, inclusive, and sustainable was a key discussion point.
6. Collaboration for Future Development: The meeting highlighted the need for continued cooperation between the Odisha government and the Finance Commission to support long-term development objectives and ensure the state’s financial stability.
This meeting is part of the ongoing process where the Finance Commission engages with various states to address their financial needs and challenges.
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