N K Singh, Urjit Patel discuss devolution of taxes to Centre, states

Published On: 07, Dec 2017 | Source: business-standard.com

The newly appointed Chairman of the 15th Commission and RBI Governor today discussed various issues related to the devolution of taxes between the Centre and states.

They discussed the technical as well as other assistance which the Reserve of could provide, enabling the Commission to discharge its wide ranging Terms of Reference, Ministry said in a statement.

The RBI has the data and technical speciality in matters relating to overall finances, it said, adding that the emerging fiscal scenario and the central bank's State Division is a rich repository of information on State finances over a long period of time.

Singh said that the Commission would be greatly benefited by the analytical and domain knowledge of the RBI in these specialised areas.

Secretary to the 15th Commission Mehta was also present at this meeting.