Fifth State Finance Commission submits report to CM

Gangtok, 24 Aug:

Chairperson and members of the Fifth State Finance Commission called on Chief Minister Pawan Chamling at Mintokgang today and submitted its report.

The Fifth State Finance Commission was constituted under the Chairmanship of Secretary-Land Revenue & Disaster Management Department, Tsegyal Tashi, vide Notification No.22/FCD/Fin/198 on 17/08/2016 followed by an amendment Notification No.22/FCD/Fin/212, dated 30/08/2016 to review the financial position of the Panchayati Raj Institutions [PRIs] and Urban Local Bodies [ULBs] in Sikkim and accordingly make appropriate recommendations for strengthening these institutions for the period 2020-25.

A press release informs that, as per the Terms of Reference, the Commission was mandated to recommend, among other things, the distribution of fund between the State and each level of PRIs and ULBs of the net proceeds of the taxes, duties, tolls and fees leviable by the State, the determination of the taxes, duties, tolls and fees which may be assigned to or appropriated by the PRIs and ULBs, the Grants-in-Aid to PRIs and ULBs from the consolidated fund of the State, and the measures needed to improve the financial position of the PRIs and ULBs.

Three other members of the Fifth State Finance Commission are Special Secretary-Urban Development & Housing Department, Tashi Khangsharpa [Member], Director Panchayat-Rural Management & Development Department, Mukti Nath Dhakal [Member], and Additional Director [Accounts]-LR&DMD, Bikram Tamang [Member Secretary].