Gujarat Constitutes 4th State Finance Commission, BJP Leader Yamal Vyas Appointed Chairman

Ahmedabad: Gujarat government on Monday said that it has constituted 4th State Finance Commission (SFC) and appointed Bharatiya Janata Party ( BJP ) leader Yamal Vyas as its chairman.

4th SFC has been constituted after a gap of nearly nine years, as tenure of 3rd SFC, headed by Bharat Gariwala, ended in 2015.

Vyas, BJP's chief spokesperson, is a chartered accountant and company secretary with nearly four decades of experience in field.

He was a full-time member of 3rd SFC between 2011-2015 and has served as an independent director on boards of various state PSUs.

"In pursuance of provision of Articles 243-I and 243-Y of Constitution of India, read with section 226 of Gujarat Panchayat Act, 1993, Goverr of Gujarat is pleased to constitute fourth SFC under chairmanship of Yamalbhai Vyas," stated a tification issued by Chief Secretary Raj Kumar.

orders regarding detailed terms of reference, term and conditions of appointment of chairman and period for which he shall hold office shall be issued later, it said.

16th Finance Commission, headed by Arvind Panagariya, visited Gujarat last month, and government demanded that share of states in 'divisible pool of taxes' be raised from current 41 per cent to 50 per cent.

A delegation from Congress also met Commission and submitted that SFC should be appointed every five years, and Gujarat should have appointed seventh SFC by w.

(Except headline, this story is t edited by Republic and is published from a syndicated feed)