[Assam] Prof Atul Sarma in finance panel(The Assam Tribune, 15.11.2007)

[Buljit Buragohain]

Prof Atul Sarma in finance panel
>From Our Spl Correspondent
 NEW DELHI, Nov 14 – For the first time-ever an economist from Assam has been made a member of the Finance Commission. The 13th Finance Commission constituted under the chairmanship of former Union Finance Secretary, Dr Vijay L. Kelkar includes Prof Atul Sarma. The other members of the Commission include Member Planning Commission, BK Chaturvedi as part-time member, Emeritus Professor, National Institute of Public Finance and Policy, Dr Indira Rajaraman, Chief Economist, National Council of Applied Economic Research, Dr Abusaleh Shariff, besides Prof Atul Sarma. They are all full time members of the Commission. Sumit Bose has been appointed secretary to the Commission. 

Prof Sarma was the former Vice Chancellor of Rajiv Gandhi University (formerly Arunachal University). He joined the University in 2003 after retiring as Director of the Indian Statistical Institute (ISI) New Delhi. Prof Sarma was also appointed member of the steering committee for the 11th Five Year Plan (2007-2012) for the North Eastern states in 2006.

The 13th Finance Commission will review the state of finances of the Union and the States keeping in view the operation of the States’ Debt Consolidation and Relief Facility 2005-2010 (DCRF) and suggest measures for maintaining a stable and sustainable fiscal environment consistent with equitable growth. 

The 13th Finance Commission has also been mandated to review the present arrangements concerning financing of disaster management with reference to the National Calamity Contingency Fund and the Calamity Relief Fund and the funds envisaged in the Disaster Management Act, 2005, an official spokesman said. 

As in the case of the previous Finance Commissions, the 13th Finance Commission will also take into consideration various aspects while making its recommendations. These relate to assessment of the resources of the Centre and the State for the five year period, taxation efforts and the potential of additional revenue mobilization, demands on the resources of the Central Government. 

The 13th Finance Commission will also take into consideration the likely impact of the proposed implementation of Goods and Services Act (GST) with effect from 1st April 1, 2010, including its impact on foreign trade. 

The recommendations of the 13th Finance Commission will cover the period of five years from April 1, 2010 to March 31, 2015. The Commission is expected to make available its report by October 31, 2009.
(The Assam Tribune,15.11.2007)




       
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