February 20, 2024 8:29 PM

printer

Sikkim's Sixth State Finance Commission Submits Report, Emphasizes Financial Planning Milestone

<p style="margin: 0px; text-align: justify;">The Sixth State Finance Commission (SFC) of Sikkim presented its report to the Chief Minister at the Tashiling Secretariat today.</p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;">The event, graced by Minister B.K. Khatiwada and Chief Secretary Vijay Bhushan Pathak, marked a milestone in the state's financial planning. Alongside the report submission, the commission also unveiled its newly launched website <a href="http://www.sfc.sikkim.gov.in/" target="_blank" data-saferedirecturl="https://www.google.com/url?q=http://www.sfc.sikkim.gov.in&source=gmail&ust=1708527121411000&usg=AOvVaw0bHL3Uma1ZEop-SbM_6jhL">www.sfc.sikkim.gov.in</a>.</p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;">The commission's mandate, outlined in its Terms of Reference, encompasses crucial aspects such as fund distribution between the state and various levels of PRIs and ULBs, determination of taxes and duties, Grants-in-Aid allocation, and measures for enhancing the financial stability of PRIs and ULBs.</p>''<p style="margin: 0px; text-align: justify;"><br />''</p>''<p style="margin: 0px; text-align: justify;"><span style="color: #222222;">Undertaking extensive stakeholder consultations with previous SFCs, Panchayati Raj Institutions, Municipal Institutions, Line Departments, Corporate Bodies, Self-Help Groups, and Capacity Building Institutions in April and May 2023, the 6th SFC ensured comprehensive input gathering for informed decision-making.</span></p>

Most Read
View All arrow-right

No posts found.