Maharashtra seeks Rs 3.46 lakh crore from 14th Finance Commission

CM Prithviraj Chavan said the funds were needed as the state was facing rapid urbanisation and needs of local bodies in urban and rural areas had to be considered.

Maharashtra seeks Rs 3.46 lakh crore from 14th Finance Commission
MUMBAI: Maharashtra Chief Minister Prithviraj Chavan today asked the 14th Finance Commission to provide Rs 3.46 lakh crore for a period of five years considering the growing urbanisation in the state.

Chavan also asked for a special fund of Rs 12,447 crore for Mumbai, an official statement said here.

He said the funds were required as the state was facing rapid urbanisation and needs of local bodies in urban and rural areas needed to be considered. There was also need for upgrading infrastructure in the cities, he said.

A presentation on the state's requirements was made to the Commission's head Y V Reddy and other members.

Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Finance › Maharashtra seeks Rs 3.46 lakh crore from 14th Finance Commission
Text Size:AAA
Success
This article has been saved

*

+