Increase States’ share in central taxes to strengthen their economy: Chief Minister Dr. Yadav
07-Mar-2025 12:00 AM 380

Chief Minister Dr. Mohan Yadav said that the empowerment of any nation depends on the empowerment of its states. He advocated for an increase in the states’ share of central taxes and revenue grants, highlighting that states work towards their goals with their capacity and limited resources. Enhanced financial grants from the central government would enable states to achieve long-term objectives more efficiently. He stressed that a Vikasit Bharat requires a Vikasit Madhya Pradesh, urging an increase in the states’ share of central taxes from 41 percent to 48 percent. This, he asserted, would strengthen states and take national development forward.

Chief Minister Dr. Yadav emphasized that Madhya Pradesh, being a large state, has equally significant needs. He stated that the central and state governments share the common objective of establishing a welfare state, which can be achieved through better coordination and mutual harmony. Chief Minister Dr. Yadav made these remarks while addressing an important meeting with the chairman and members of the 16th Central Finance Commission at the Kushabhau Thackeray International Convention Center on Thursday. During the meeting, he outlined the state’s expectations from the Finance Commission and highlighted the need for financial resources to achieve Madhya Pradesh’s long-term development goals.

Chief Minister Dr. Yadav said that Madhya Pradesh is the most progressive state in the country, rapidly advancing in agriculture, infrastructure, education, health, forests, tourism, urban development, and industrial growth. He highlighted the need for increased financial support and grants from the central government to accelerate development in these sectors. Chief Minister Dr. Yadav affirmed that Madhya Pradesh is committed to contributing to the vision of a Vikasit Bharat and pledged to fulfill the resolution of a Vikasit Madhya Pradesh. He stated that the state’s current budget stands at approximately Rs 3.5 lakh crore, intending to double it in the next five years.

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