Panel formed to advise on finance commission's terms of reference
New Delhi, May 9: The 15th Finance Commission on Wednesday set up an advisory council to assist it in matters related to its terms of reference (ToR).
The panel, to be headed by Forum for Strategic Initiatives President Arvind Virmani, will advise the commission on all relevant issues and subjects and help conduct research studies to enhance the commission's understanding of issues in its ToR, an official statement said.
It will also "help in broadening the commission's ambit and understanding to seek best national and international practices on matters pertaining to fiscal devolution and improving the quality and reach and enforcement of its recommendations", it added.
The other members of the advisory council include Prime Minister's Economic Advisory Council member (part-time) Surjit Bhalla, Ex-Deputy Director (Fiscal Affairs Department) of International Monetary Fund Sanjeev Gupta, National Institute of Public Finance and Policy professor Pinaki Chakraborty, JP Morgan's Chief India Economist Sajjid Chinoy and Credit Suisse India economist and strategist Neelkanth Mishra.
On Monday, a meeting of 11 state finance ministers held in Amaravati described the Finance Commission's ToR as undermining the federal structure and decided to seek President Ram Nath Kovind's intervention to reframe them.
They claimed that the ToR almost penalises states for being progressive and well-performing.
On Tuesday, Congress leader P. Chidambaram urged the finance ministers of all states to sign a memorandum against the ToR.
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Approval of registered housing societies must to operate liquor shops on their premises: Ajit Pawar
Nagpur (PTI): Maharashtra Deputy Chief Minister Ajit Pawar on Wednesday said that shops selling Indian made foreign liquor (IMFL) as well as country liquor will be required to obtain mandatory consent from registered housing societies before commencing operations from the commercial spaces on their premises.
Pawar, who also heads the excise department, directed that this new policy be implemented across the state.
"Permission from registered housing societies will now be compulsory for both categories of liquor shops. The policy must be enforced uniformly throughout Maharashtra," Pawar told the Lower House of the state legislature while responding to a question raised by BJP MLA Shankar Jagtap, who represents the Chinchwad assembly constituency in Pune district.
Jagtap sought cancellation of licences of liquor shops operating in Chinchwad-Kalewadi area of Pune.
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During the discussion, he said that Vikrant Wine, a liquor shop in Sahyadri Society, had begun operations in violation of norms.
The building was incomplete when permission was granted, and the licence had been issued on the basis of incomplete documents, Jagtap said, demanding action against those responsible.
Responding to this, Pawar reiterated the mandatory requirement of the respective housing society's consent for liquor outlets, and informed the House about the action taken regarding the two shops against which complaints had been received.
During the Budget session of the state legislature held in March this year, Pawar had announced that a no-objection certificate (NOC) from housing societies will be mandatory for liquor vends if they wish to migrate to their premises.
Many housing societies have commercial establishments, with some even having liquor vends.
