New Delhi, Apr 20 (KNN) NITI Aayog put forth suggestions for the 15th Finance Commission in a recent meeting and made a case for award of performance based grants for states /sectors.

While observing that richer states grew faster than poorer states, the NITI Aayog made suggestions to the Commission on transfer of resources to States by the Centre.

The Aayog also listed out certain possible indicators for the consideration of the Commission, its  made recommendations on Innovation and Transformation funds as  well as on Medium Term Expenditure Framework.

The 2nd meeting of the 15th Finance Commission with the NITI Aayog was held here recently.

The Aayog including its Vice Chairman Dr. Rajeev Kumar, Members, CEO and other Senior Officials, interacted with the Finance Commission including Chairman N.K. Singh, Members and Senior Officials.

The Members also exchanged views on the issues raised by the Aayog and discussed relevant issues like the Centrally Sponsored Schemes – which have now been made Co-terminus with the award  period of the respective Finance Commission, conditionality/lack-of-conditionality of the horizontal, vertically and sector specific, and striking balance between performance grants and basic grants.

The NITI Aayog, Chairman N.K. Singh said there were concrete new thoughts and Commission would certainly examine the recommendations thoroughly.

The Chairman added that since NITI Aayog was an important and integral part of the Central Government, its recommendations must be part of the Central Government Memorandum to the Finance Commission. (KNN/JM)