Dip in overall flow of central funds to TN, says Governor

Tamil Nadu Governor Banwarilal Purohit on Monday said there has been a diminution in the overall flow of central funds to the state.

“Contrary to the impression that the 14th Finance Commission”s recommendations increased the gross flow of resources from the Centre to the States, in reality, there has been a reduction in the gross transfers from the Centre to States,” Purohit said in the Governor”s customary New Year address to the Assembly.

“Moreover, Tamil Nadu has faced a more severe adverse impact due to the horizontal distribution formula of the 14th Finance Commission,” he added.

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