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Punjab cabinet nod to six proposals of state Finance Commission

A meeting of the Cabinet chaired by Chief Minister Capt Amarinder Singh on Thursday approved several key recommendations of the 6th Punjab Finance Commission, including compensation for revenue losses on certain counts.

The commission, headed by former Chief Secretary KR Lakhanpal, had submitted seven recommendations to the Governor on January 29, 2021.

While six of the recommendations were approved, one relating to continuation of devolution of 4 per cent share of state taxes to local bodies for the year 2021-22 will be examined by a group of ministers. The group will comprise Finance Minister, Local Government Minister, Rural Development and Panchayats Minister and Water Supply and Sanitation Minister.

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