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Andhra Pradesh’CM hosts conclave of finance ministers in Amravati

AP- Chief Minister N. Chandrababu Naidu, on Monday, hosted the Conclave of Finance Ministers in state capital Amaravati, wherein the impact of the Terms of Reference (ToR) of the 15th Finance Commission (FC) on fiscal federalism was stressed upon.
Finance Minister Yanamala Ramakrishnudu presented his analysis of the ToR of the 15th Finance Commission. He said that they are happy to have the participation of so many states in this unified fight to discuss the draft common Memorandum, to be submitted to the Honourable President of India, urging him to reframe the ToR in order to prevent a federal imbalance of the country.
FM spoke about other key concerns of the ToR and was followed by Chief Minister of Puducherry, V. Narayanaswamy, who raised the point that the ToR should contain a paragraph to include provisions for union territories also.

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