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Government of India
Finance Commission
25-July-2019 17:20 IST
 The Fifteenth Finance Commission meets representatives of Trade and Industry in Chhattisgarh

The 15th Finance Commission headed by Chairman, Shri N.K. Singh alongwith its Members and senior officials met today with the representatives of the Trade and Industry in Chhattisgarh.

 

          The Commission observed that:

 

  1.     Growth rate of GSDP (at constant price 2011) of Chhattisgarh has fluctuated widely from 2012-13 to 2018-19, compared to GDP (at constant price 2011) of India.

ii)      Share of primary, secondary and tertiary sector in GSVA   of   the State was 44%, 20%, & 36%, respectively, in 2018-19.

iii)     In the Ease of Doing Business Rankings, Chhattisgarh was ranked 6th, amongst all states, in 2017.

iv)     Major industries in the state are steel, cement, aluminium and mineral products based such as iron, coal and limestone.

 

There was GST revenue shortfall of Rs. 1,589 crore as compared to the protected revenue of 9 months of  2017-18, which is more than 22% shortfall.

 

As per State’s Memorandum to the 15th Finance Commission, the key initiatives undertaken by State Government to promote Investment include:

 

  • There exists a single window facility of online application and approval across all departments, with the timeline fixed for disposal of the applications (service charter defined for all services).
  • Only online application is allowed for environment & labour related approvals, with the introduction of computerized risk assessment along with reduced inspection requirements.
  • Online system for construction permit in Chhattisgarh adjudged as the ‘Best Practice’ in India.
  • 1st Commercial Court established in the country in Naya Raipur to expedite commercial cases.

 

The 15th Finance Commission desired to know the reasons for –

 

  • The sharp dip in the real growth rate of GSDP to 1.8% in 2014-15 & 2.8% in 2015-16 from 10% in 2013-14.
  • Shortfall in GST collections compared to protected revenue may be sought.
  • The share of agriculture, forestry and fishing sector in GSVA (current prices, 2011) of the State which has increased from 18% in 2011-12 to 21% in 2018-19.

 

Representatives of Industries Associations included Confederation of Indian Industries/ Goel TMT, Sarda Group, Hira Group, BSBK Group, Urla Industries Association, LaghuUdyog Bharti, Sunpack Industries, Chhattisgarh Sponge Iron Manufacturers Association, G R Mines and Minerals/ CG Steel Chamber and Chhatisgarh Chamber of Commerce and Industries.

The Commission noted all the concerns highlighted by the representatives of the Chhattisgarh Trade and Industry and promised to address them in its recommendations to the Central Government.

 

         

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MC